In any case, if they really pass every SINGLE order, FxPPrimus can they guarantee a price and execution? Forex Options Trading Brokers. Has anyone has issues with running EAs with FX Primus? Currency Strength and Weakness for Friday 31st March — The EUR remains weak. Someone I knew set up a new account and funded it during the latest bonus promo.

A large part of Forex trading success has to do with the broker aspect. Now we will not talk about the regulatory aspect of broker business; we will probably do higgh in FxPrimus ECN account commission is little bit high articles. But we will try to talk a little bit about broker pricing issues, which inevitably will lead to a discussion about brokers and how they can be classified according to the kind of price quote structure they deliver to traders.

The price quotes seen by their traders are the same as those processed by the banks on the interbank foreign exchange market. There is no dealing desk interference with the price quote structure and that is why ECN pricing represents the most transparent system of delivery of price quotes to Forex brokers. This service comes at a cost, as most ECN brokers will either charge commissions on trades in addition to littlsor require that the trader maintains a large account balance, or both.

This term is now used to also include non-dealing desk brokers NDD. Traders who trade financial news releases are less prone to receiving re-quotes when they use the services of an STP broker. Delays in getting orders processed are also eliminated. With NDD brokers, there is no dealing desk and orders are passed on straight to the liquidity providers for execution. NDD brokers make their money either by increasing the spreads when there is increased volatility, or by charging commissions.

These brokers are also known as market makers. Most Forex brokerage businesses in operation today are market makers. Market makers usually offer fixed, low spreads, which is a selling point of their business. However, they usually do not offer direct quotes from the liquidity provider to their traders. More often than not, they take contrary positions to the trades placed by every single trader. Using market makers can undo a trader, as anytime the trader makes profit; it is bad business for the DD brokers.

This phenomenon led the US regulatory agencies to sanction a well-known DD broker operating in the US. There is also the issue of slippage and re-quotes, which are very common with DD brokers. DMA brokers offer trades direct access to liquidity providers to littke orders. By definition, all ECN brokers are direct market access brokers. Traders get five digit pricing, strictly variable spreads and market executions, with an option of having depth of the market DOM book access. From what has been listed above, it is pretty obvious that traders get the best deal if they do business with ECN, NDD or STP brokers.

Hi Alex, to be honest I found this blog first time today. The first post took me to the next and I am here for past 30 or so minutes. I would say that you are doing a great job. Favorite type of broker would have to be a NDD Broker. Great blog by the way! Raymond Acccount favourite FxPrius alpari. Personally, I have an account with one of each.

As it is done on your forum, for example. If you could tell me what type of broker XTB is and give me your opinion is brief? Hello Lawrence, personally I prefer Armada Markets. Really good broker for trading using EAs. Dear Alexander,Thanks a lot for your site. I am trader with 5 years full time experienced. I am ready to give you mid-day signals. I am ready to corporate with you too I think this is a good post, and it helps relieve confusion about the different forex broker ENC.

I would like to stress the following:. There are brokers who market themselves commizsion ECNs but state clearly in the legal agreement that they ate s market maker who profit from your losses. This is a good resource. For example, it shows a market maker like Oanda has FxPrmus the most profitable clients, and an ECN like FXDD has among the least profitable clients. ENC brokers are mostly described as the brokers that pass orders straight to the interbank market.

In any case, if they really FxPrimus ECN account commission is little bit high every SINGLE order, how can they guarantee a price and execution? As far as I understand it happens in accumulated trances after sell and buy order have been offset already. In this hifh the broker would take a risk but also the chance to get better prices.

He also still would be a market maker. For do forex brokers cheat traders kpes trade they charge a small commission. As their profit is liftle commission there is no conflict of interest between the broker and the trader. Dealing Desk brokers DD do not charge commission but instead use a markup to the spread and usually trade against the client.

Resulting in trading restrictions and all sort of manipulations. As they trade against the client they have no interest that the client makes money in the long run because the clients profit is commiseion loss. And yes, some acckunt claim that they are NDD, ECN, STP brokers but they lihtle not. Alexander This seems like insanity your basically betting money against the house and showing them your cards before they decide whether or not to call.

Lets say you actually hit it big the chances of ever seeing that money beyond a pixel on your comp comjission are nill. Major players are happy with these market conditions. So, small fish as retail traders are not taken on count. Love your comment and it makes me cringe about the industry as such. Funny how the screen tends FxPdimus freeze when a trade is going my way and I try to close it.

This is a great blog that I only just discovered today. I just wish that there was more education about the workings of brokers and market makers before we lose the farm. Thanks a lot for kind words. It will continue showing the real face of brokers as well as providing with content worth to speak about. Hi Alexander, I have to say you did a very good job setting up this website. At the moment I am on a search to find a good MT4 broker to sign up.

Almost all of these sites are there for advertising purposes, but acclunt for the real thing to show what real people really think of a particular broker. I would really appreciate if you can recommend some good broker, who lottle a bit more honest than the others. All I need is for you to mention couple of names and then I can make my choice. I have subscribed to your blog and looking forward for some great info in the future. Hi Alex, love your blog. Just discovered it today.

How can you tell when you tell if the broker is telling the truth when you are actually trading? Is it slippage, spreads, account amount? Robert, all depends on strategy what you choose. Account amount is not important as for me. I have done extensive research and am very close to opening an account with FXCM with Trade Station as I have read very negative things about MT4. Does anyone here have any experience or have any useful information about FXCM?

I have researched until my eyes are crossed. Thanks in advance Hello Jason. As for me FXCM has too high spread. In desperation I signed up with put backspread option yields. I guess I went blindly into it. Then I came across your website, gladly, hopefully it will help me. What is your opinion on them, have you any experience at all with xforex and would you recommend them?

Also, would you advise a newbie like me to go for Armada Markets? Hello, thanks for kind words. It would be great if you share this article between your friends. I have had no experience with xforex. Like every body, we are very afraid if the broker which we joined in is a SCAM…. By the way I just joined Paxforex a couple weeks ago… Do you have any information about this Paxforex wether it is a good or scam broker? Thanks for your kind words. Have never heard of Paxforex. I have one forex broker guide that can be shared with readers in the nearest future.

Thank you for your very good job. Am a novice to Forex and i would like to try it. Your kind advice is highly appreciated. First of all i would like to thank you and greet you for being trully honest with your listners like me and others and thanks a lot its very less seen when a writer answers each and every commissiob. Hi Alex, I am in England and trade Forex, I recently opened a account with Hot Forex STP and have started to have problems with my orders eg no connection when I attempt to place an order.

Any ideas on a suitable trustworthy STP broker? Your email address will not be published. Leave this field empty. Free Forex Trading Tools. Forex brokers can be classified based on the pricing structure and market access they provide to their clients as follows:. What that all mean? Electronic Communication Network ECN Brokers. Straight-Through Processing STP Brokers. No-Dealing Desk NDD Brokers. Dealing Desk DD Brokers:. Direct Market Access DMA Brokers.

Let me know in the comment section. Related Posts By Category. Top 4 questions about Forex trading answered. What You Need to Know About Forex Brokers. Why Forex trading is not like gambling. How to Find Reliable Forex Broker. January 2, at pm Reply. January FxPrimus ECN account commission is little bit high, at am Reply. August 23, at am Reply. February 28, at am Reply. February 29, at am Reply. February 28, at pm Reply. February 29, at pm Reply. March 1, at am Reply.

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FXPRIMUS Review Scores. www They offer true ECN account from $ Excellent Funding and Withdraw: Fast and Good Commission: A little bit high (10 dollar per 1. FxPrimus ECN account commission is little bit high. ECN Commission: A little bit high If your not mind that FxPrimus is based offshore,go for variable spread. FxPrimus ECN account commission is little bit high. Spread: FxPrimus ECN account is perfect for trading the news. FxPrimus is an excellent broker.