If you are using IG’s standard account (not professional/institutional account) and therefor not forex direct (i.e not DMA) will your bid/ask price be order driven or quote driven?
If you’re not in DMA access they have to be quote-driven.
Are you finding the difference between the firm’s quotes and market prices are making a difference to your outcomes?
I don’t actually trade. Its more I research different brokers but sometimes I’m not aware how things work.
I can see Saxo Capital do Order Driven trading but they don’t do DMA trading (as far as I can tell). I found this quote when researching Saxo from an independent articlewhich mentions DMA. "Clients will be delivered pricing based on Saxo’s own liquidity if they so choose or additional liquidity available on a Direct Market Access (DMA) basis in the broader market via bank and non-bank liquidity providers as well as ECNs."
I can see IG do offer DMA but you need a Forex Direct account and this only available for professional traders.
Maybe something is happening at back end i dont know about?