How to know the broker is with dealing desk or without dealing desk?

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Dear experienced traders


How to know the broker is with dealing desk or without dealing desk? 


I used to contact with them directly, but I found that it is not work for 100%. 

Do you know how the check the broker is with dealing desk or without dealing desk? 


Thank you in advance and best wishes

 

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2016.12.29 07:20

ECN and STP Forex Brokers (based on the article)

  • "ECN" stands for "Electronic Communications Network". ECN brokers construct and utilize such networks to match their client’s trade orders directly with other market participants, instead of operating dealing desks and taking the other sides of their clients’ trades."
  • "The unique selling point of ECN brokers is that they have no inherent conflict of interest with their clients. ECN brokers make a marginal profit every time their clients trade, unlike "market makers" / "dealing desk" model brokers who make greater profits when their clients lose as they are taking the other side of the trade."
  • "ECN brokers typically charge both a spread and a commission which is usually a percentage of the trade size. Therefore, although their spreads are mostly considerably lower than those offered by market makers, the total cost per trade may not be very different between high-quality brokers of both types."
  • "ECN brokers usually require considerably higher minimum deposits than market maker / dealing desk brokers, meaning that smaller clients may find ECN brokerage services unavailable to them."
  • "During periods of low liquidity or news shocks, trading through a market maker / dealing desk broker may be less prone to negative outcomes such as slippage and slow execution."

 
  • Difference between ECN brokers, market makers/dealing desk brokers and STP brokers - video tutorial on post #150 
  • dealing desk brokers (DD) and non-dealing desk (NDD) broker - post #3 with explanation 
  • Just something about ECN, ESP, STP and more - post #4 
  • Things to Consider When Choosing a Broker  - mini article on post #29
 
Sergey Golubev:
  • Difference between ECN brokers, market makers/dealing desk brokers and STP brokers - video tutorial on post #150 
  • dealing desk brokers (DD) and non-dealing desk (NDD) broker - post #3 with explanation 
  • Just something about ECN, ESP, STP and more - post #4 
  • Things to Consider When Choosing a Broker  - mini article on post #29

Thank you so much, Sergey! 

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