Got another question. Took a harder look at your DMA offering. Read the other thread you linked to as well.
Can you explain what “First true Prime of Prime agency execution model for retail traders” mean?
My understanding of Prime of Prime (PoP) is they are used by smaller FX brokers who can’t get a direct relationship with a Prime Broker (FXPB). So using a PoP allows the smaller broker to access the PoP’s credit relationship with the PB.
Basically, my creditworthiness sucks or too risky, so I need to piggyback off the PoP’s creditworthiness.
So does that mean that Forex.com is essentially allowing us, puny retail traders, to piggyback off Forex.com’s credit and access liquidity providers (LPs) who wouldn’t normally touch us with a 10-foot pole?
Also, do you reveal your LPs who are price makers for the DMA service?
And could someone using a DMA account also be a “price maker” and not just a “price taker”?
Meaning if you and I were trading on the DMA account, and I created a limit bid order near the top of the book, you would see it (anonymously) in your order book and could take it?