Broker

PLEASE CLICK ON THIS LINK OR ON THE BANNERS FOR TRADING WITH SPREADS FROM 0.0 PIPS

My journey with brokers:
I first started with Etoro. Fixed spread but  very high, no MT4 , a very weak platform and a poor customer service. Then i changed for Alpari UK; It was good at the beginning but later i experimented many slippages, a poor customer service and finally the spread were not that low. 
I have also understood that i had to find a no dealing desk ECN broker because those brokers are the ones who will not trade against you and will only make money on the spread and/or commission (more information about the different types of Fx brokers below).

So after having experimented several brokers, I can say that I am happy  with my current Broker PEPPERSTONE, so far so good. 
I am not the type of guy to promote a product/service which i do not use so here bellow are some features: 

 ✓  Forex Trading company based  in Australia 

 ✓ Regulation: ASIC, FCA

 ✓ Low Spread from 0.0 pips

 ✓ Segregated client funds

 ✓ Online Forex and CFD Trading: Trade Forex, CFD's, Gold, Silver, Commodities and Cryptocurrencies!

For more information, click on this link or on the banners


THE TYPES OF FOREX BROKERS

DD - Dealing Desk: A dealing desk broker is a market maker. Market makers typically offer fixed spreads and may elect to quote above or below actual market prices at any time. Market makers are always the counterparty of the trader, who doesn't trade directly with the liquidity providers. Market makers get paid through the spreads, and they usually also take the opposite trades of their clients prior to covering themselves (or not) with regards to the liquidity providers.

NDD - No Dealing Desk: An NDD forex broker provides direct access to the interbank market; it can be an STP or STP+ECN broker (see below for STP and ECN broker definitions). With a genuine No Dealing Desk broker, there is no requoting of prices, which means that you can trade during economic announcements without any restrictions. The spreads offered are lower, but they are not fixed, so they can increase significantly when volatility is increasing during major economic announcements. An NDD broker can either charge a commission on each trade or choose to increase the spread. 
STP - Straight Through Processing: In STP mode, transactions are fully computerised and are immediately processed on the interbank market without any broker intervention. 

ECN - Electronic Communication Network: ECN brokers provide and display real-time order book information (featuring the orders that were processed and the prices offered by banks on the interbank market). They thereby improve market transparency by providing information to all market participants. ECN brokers usually make their money by charging a commission on the traded volume. With ECN brokers, all transactions are directly processed on the interbank market in No Dealing Desk mode.

MTF (Multilateral Trading Facilities): An MTF exchange ensures that buyers and sellers of financial instruments can come together according to non-discretionary rules. An MTF is not a regulated exchange, but it operates under the same rules. MTF rules are transparent and ensure a fair trading system. The broker guarantees price efficiency and the clearing of transactions. Compared to a traditional exchange, a multilateral trading facility provides greater discretion, faster order execution speed and reduced brokerage fees. 

(From forex-central.net)


"CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money."