What is No Dealing Desk execution?
No Dealing Desk describes a trading platform offered by a forex broker that provides unfiltered access to interbank market rates of exchange.
Is FXCM market maker?
That market maker was an FXCM-backed startup firm that was founded by a former FXCM executive while he was working at FXCM, that operated for the first year of its existence out of FXCM’ s offices, and that shared most of its trading profits with FXCM.
How many clients does FXCM?
FXCM operate more than 130,000 global customer accounts and have received a variety of prestigious industry awards.
Can Indians trade FXCM?
Major Indian Rupee Currency Pairs It can also be traded in synthetic currency pairs.
Is IG a dealing desk broker?
The broker operates a counter-party dealing desk which is useful for clients, especially ones with large accounts, who wish to trade directly with the inter-bank system through a dedicated platform.
Is OctaFX a dealing desk broker?
OctaFX are not a dealing desk broker. Instead all the trades are passed to our liquidity providers. The larger the volume of orders to trade we receive, the better it is for us, as we receive a commission based on trade volume.
Can US residents use FXCM?
Residents of United States are not eligible to apply for an FXCM live trading account.
What is MMR in FXCM?
For example, the margin requirement (MMR) for a specific currency pair is calculated as a percentage of the notional value of such pair. As an example, if the Euro strengthens against the US dollar, more margin will be required to hold a EUR/USD position in a US dollar denominated account.
Is Forex illegal in USA?
A common myth among nonprofessional traders on the Forex market is that Forex trading is banned in the United States of America. While Forex trading is absolutely legal in the USA, it also comes with several differences as opposed to trading within most other countries of the world.
Is IQ option legal in India?
‘ IQ Option is a binary options trader owned and operated by IQ Option Europe Ltd. It is a regulated and licensed binary options broker, but since the binary option is not legal in India, so IQ option does not hold a legal status here.
Is Forex illegal in India?
Although Forex trading is permitted in India, citizens are not permitted to do so via electronic and online Forex trading platforms. This is different compared to other countries, as most international Forex trading activity is conducted electronically/online.
Is my money safe with IG?
This means that we’re not allowed to use them in the course of our business activities, and that client money and assets are completely ring-fenced and protected in the unlikely event that IG became insolvent. IG is regulated by the Financial Conduct Authority (FCA).
Can a broker do no dealing desk execution?
To address this issue, most regulated forex brokers now offer No Dealing Desk execution, where traders are given access to various liquidity providers, like global banks, prime brokers, and other forex market players. As there is no markup added, No Dealing Desk execution should result in lower spreads being offered.
What’s the difference between a dealing desk and a No Dealing Desk?
Understanding No Dealing Desk (NDD) In contrast to Dealing Desk, or market-making, brokers, who publish rates and prices that are similar, but not the same as, the interbank market rates, NDD brokers offer what is known as Straight-Through Processing (STP) execution of forex trades.
What does it mean to have a Forex dealing desk?
However, providing their forex service through their own proprietary trading or dealing desk means that their clients get their prices direct from the forex broker, not from the forex interbank market, which is composed of the top global currency liquidity providers.
How does no dealing desk brokers create liquidity?
While the No Dealing Desk brokers do not create their own liquidity but use external liquidity providers such as the global banks and the prime brokers, which come up with variable spreads. Under such circumstances, trades are electronically executed at best market price and not at the brokers’ price.