pepy Posted August 25, 2017 Share Posted August 25, 2017 You are right. Non dealing desk takes their profits from commissions and spreads and has nothing to do whether a trader loses or wins. This way there is no conflict of interest among trader and his broker. But if a broker is a dealing desk broker then conflict of interest arises and there is a large chance that a trader will fail. The big problem indeed but actually there are some legit dealing desk broker we can use, but they are more like big brokers which need big investment from us rather than small investment from brokers we know. The worst is bucket shop broker, a less regulated broker which almost is dealing desk and really scammer to the core. Quote Link to comment Share on other sites More sharing options...
cokodot Posted August 25, 2017 Share Posted August 25, 2017 With the services of brokers can be facilitated will forex trading, especially in FXB with low spreads and ideal leverage. And continuous trading evaluation can optimize our condition. Opening an online trading account is simple and secure. If you are a beginner or an experienced trader you are one step away from investing in the markets. Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted August 29, 2017 Share Posted August 29, 2017 The big problem indeed but actually there are some legit dealing desk broker we can use, but they are more like big brokers which need big investment from us rather than small investment from brokers we know. The worst is bucket shop broker, a less regulated broker which almost is dealing desk and really scammer to the core. There is a broker listed on NYSE and still got sued several times for cheating their clients. Regulation may matter but for a small retail trader it really means nothing in my opinion. Honestly of a broker is factor for them. Quote Link to comment Share on other sites More sharing options...
myregister Posted August 29, 2017 Share Posted August 29, 2017 You are right. Non dealing desk takes their profits from commissions and spreads and has nothing to do whether a trader loses or wins. This way there is no conflict of interest among trader and his broker. But if a broker is a dealing desk broker then conflict of interest arises and there is a large chance that a trader will fail. This conflict of interest which makes me think twice before starting to invest my money in dealing desk broker even actually i must admit dealing desk offers a really good offer like near zero spread or low spread or even fixed spread which you cannot get in non-dealing desk. But realistically, a broker mostly earn from commission or spread or even the combination of both. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted August 30, 2017 Share Posted August 30, 2017 Because it should also note when at the time will choose a broker for trading, in addition to see what advantages and advantages, do not forget to see also his broker regulation. For the convenience and security of the trader. That way we will feel comfortable when running Trading Quote Link to comment Share on other sites More sharing options...
cokodot Posted August 31, 2017 Share Posted August 31, 2017 Convenient when trading that it must be obtained so that we can be more focused to make funds in the trading account more maximal again. Trading experience must be utilized for maximum results can also be obtained. Spread betting allows you to trade on the price fluctuations of financial markets like Indices, Shares, Currencies and Commodities. Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted September 5, 2017 Share Posted September 5, 2017 This conflict of interest which makes me think twice before starting to invest my money in dealing desk broker even actually i must admit dealing desk offers a really good offer like near zero spread or low spread or even fixed spread which you cannot get in non-dealing desk. But realistically, a broker mostly earn from commission or spread or even the combination of both. I can't tell about zero spread but fixed spread doesn't necessarily mean they are dealing desk. Traders prefer it and brokers with several liquidity providers can offer it. With fixed spread brokers make more profit than floating spread. Because floating spread almost always stays much lower than fixed spreads. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted September 6, 2017 Share Posted September 6, 2017 broker is an important factor in the success of a trader. then think carefully at the time will choose a broker, note the advantages and disadvantages of brokers. in addition to see what advantages and advantages, do not forget see also his broker regulation. for the convenience and security of the trader. Quote Link to comment Share on other sites More sharing options...
gaban Posted September 7, 2017 Share Posted September 7, 2017 broker is an important factor in the success of a trader. then think carefully at the time will choose a broker, note the advantages and disadvantages of brokers. in addition to see what advantages and advantages, do not forget see also his broker regulation. for the convenience and security of the trader. So with that, traders need to choose the best broker, with we can make comfortable and safe for trading activities on the run, so that can be successful in forex trading. I am currently choosing an Instaforex broker, because we can be comfortable and safe for trading activities, because the broker is trusted and also the best thing that has been given facilities Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted June 6, 2018 Share Posted June 6, 2018 broker is an important factor in the success of a trader. then think carefully at the time will choose a broker, note the advantages and disadvantages of brokers. in addition to see what advantages and advantages, do not forget see also his broker regulation. for the convenience and security of the trader. Well putting too much priority on regulation is not a good idea in my opinion. They are good if they are there but they won't come handy when you are in trouble. You will have to deal with it. Quote Link to comment Share on other sites More sharing options...
Irdab Posted June 19, 2018 Share Posted June 19, 2018 A broker earns money from the spread, commission, and swap as these are the fundamental entities to take some part of your money while trading by the broker no matter you win or lose. So, you need to choose a broker who offers relief in these aspects. Choose well and stay blessed! Quote Link to comment Share on other sites More sharing options...
bigxy Posted June 19, 2018 Share Posted June 19, 2018 So, you need to choose a broker who offers relief in these aspects. Choose well and stay blessed! For this we can also check for those brokers who usually offer rescue bonuses however bonuses can be tricky as well so do avail them after reading their terms properly. Quote Link to comment Share on other sites More sharing options...
Gee Dee Posted October 9, 2018 Share Posted October 9, 2018 A trader will need a forex broker to get connected with the counter parties in the cost effective and easiest way. Even, broker will need income source. As we can’t deny the fact that broker being an intermediary will charge commission as it is also an important stakeholder in the forex market. A forex trader needs to pay spread to his broker which is a significant earning source for the broker. Quote Link to comment Share on other sites More sharing options...
anton.blood Posted April 11, 2019 Share Posted April 11, 2019 the one who pays the profit of the trader is not a broker, but the banks and large financial institutions that determine the price, and the profit that you get is purely from the market mechanism. Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted April 12, 2019 Share Posted April 12, 2019 the one who pays the profit of the trader is not a broker, but the banks and large financial institutions that determine the price, and the profit that you get is purely from the market mechanism. I wish this was 100% true but sadly there are dealing desk brokers who does not send orders to intermarket and takes the other side of the trade. Quote Link to comment Share on other sites More sharing options...
Bonnie Berry Posted April 19, 2019 Share Posted April 19, 2019 I honestly care little because the more important part is whether they do it in legitimate way, instead of dirty play. So, IF they do it accurately then I would go for it without any issues. And that’s where I am absolutely cool with it. The more important part is to judge and select right broker. I currently use Tradeview, it’s one of the top companies. I have only joined it after digging deep and comparing from several places such as https://fx-list.com/broker/tradeview, as only after having 100% satisfaction, I am working with them, and I must say happily. Quote Link to comment Share on other sites More sharing options...
Michael Butcher Posted June 30, 2021 Share Posted June 30, 2021 I suppose forex market is a good opportunity to earn money. First of all, you need to know a lot of info about the market. In order to understand the market and choose the right broker for trading, you need to learn all available info about brokers. You can surf the net and read this information. I can recommend u one site which calls Finarm com. It's pretty convenient and can give you some insights. You can visit it and learn all necessary information. Quote Link to comment Share on other sites More sharing options...
gds221 Posted June 30, 2021 Share Posted June 30, 2021 I was always surprised that people want to know unnecessary information. In my opinion, this is also one of the types of such information. Quote Link to comment Share on other sites More sharing options...
Dora Wi Posted July 1, 2021 Share Posted July 1, 2021 16 hours ago, gds221 said: I was always surprised that people want to know unnecessary information. In my opinion, this is also one of the types of such information. I think the original post poses a good question. Knowing where a broker's income comes from can be useful information, because there are brokers such as bucket shops and binary options where the broker has a conflict of interest with the customer, and those are important to avoid. Quote Link to comment Share on other sites More sharing options...
gds221 Posted July 1, 2021 Share Posted July 1, 2021 I believe it also depends on the broker itself. Some companies do it honestly, some on the contrary - they can deceive. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted November 12, 2021 Share Posted November 12, 2021 The most important thing is that the trader himself earns money. As for me, this is really more important. Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted November 15, 2021 Share Posted November 15, 2021 On 11/12/2021 at 7:11 PM, Vaabum said: The most important thing is that the trader himself earns money. As for me, this is really more important. We will need to understand the importance of doing our trading according to a Reliable Trading Plan. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted November 16, 2021 Share Posted November 16, 2021 To be honest, for me this question plays a completely secondary role. I work with a broker from ExpertOption, and I'm more interested in what I can earn. Quote Link to comment Share on other sites More sharing options...
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