Confused about various types of forex brokers? This article helps you understand different brokers i

Dealing desk brokers are also known as market makers(MM). They usually have a trader background or processing background used to handle orders, while the spread is fixed. MM is the mainstream form of retail forex brokerage, as the trading scale of individual traders is usually small. Here, you also need to understand that the prices of currencies offered by forex brokerage companies and banks are different.

Dealing desk(DD) brokers make a profit through spread. Under certain conditions, when the trader wants to buy, the market maker sells it to the trader, and when the trader wants to sell, the market maker buys it.

Case sample:

If you want to buy a certain amount of EUR/USD from a DD broker,the broker, in order to fulfill the order, will first look for the same number of orders from its customers to sell the EUR/USD order, or give your order directly to the liquidity provider, this can reduce the brokers risks, because it makes a profit through spread without having to trade in the opposite direction with you. However, if there is no order that matches your order in the opposite direction, the broker will trade with you in the opposite direction.

In addition, Liquidity refers to the cost for investors to quickly execute a certain number of transactions at a reasonable price according to the supply and demand of the market. In other words, the higher the liquidity of the market, the lower the cost of real-time transactions. Generally speaking, lower transaction costs mean higher liquidity, or correspondingly better prices. The more liquid the forex market is, the smoother the transaction is, and the more competitive the offer is. Therefore, whether a broker's offer is attractive enough, whether it can provide a smooth trading environment, and whether traders encounter fewer slips with the broker, all depend on the liquidity of the broker to a large extent.

The top liquidity comes mainly from world-class banks, including Citibank, Deutsche Bank, HSBC, JPMorgan Chase, UBS, ABN AMRO and so on.

Declaration:

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