The Difference Between True and False ECN/STP Brokers. PLEASE LIKE AND SHARE so we can bring you more! Ali, trader and educator comments. What is an ECN broker? Are they really non-dealing desk broker? Discuss the Advantages and Disadvantages?
Guys if you want a pure non-dealing desk broker that doesnt trade against you, you might want to check this broker
What is a STP (Straight Through Processing) broker. Do such brokers really exist? The majority of brokers that support the MetaTrader platform are nothing but pure bucket shops. You are dealing in a sandbox kind of environment called dealing desk where the broker has full control over your position. You are winning money, he is losing it and in this kind of environment winners are not very welcome. Would you agree with this statement?
What is an ECN broker – is it really a non-dealing desk broker? An ECN broker is essentially a broker where the quotes that you get are the result of the broker going out there and looking at lots of potential prices and getting you the best price. But how do you know that you are getting the best price? An STP broker is a broker where your orders go straight thru the market.
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