The No Dealing Desk (NDD) model offers direct market access (DMA), meaning that all orders are sent directly to the liquidity providers. There is no intervention from a dealing desk. NDD brokers make money from the spreads and commissions charged on each trade.
NDD brokers offer two types of accounts:
1. Standard account – this is the most common type of NDD account. It offers low spreads, but commissions are charged on each trade.
2. ECN account – this account offers even lower spreads, but commissions are higher.
ECN stands for “Electronic Communications Network”. An ECN account gives you direct access to the interbank market, where all the major banks trade with each other.
So, if you’re looking for the lowest spreads possible, an ECN account is the way to go. However, you should be aware that commissions will be higher.
Who is the CEO of OctaFX?
The CEO of OctaFX is Arief Makmur.
Arief Makmur is the co-founder and CEO of OctaFX, an online broker offering foreign exchange (Forex) trading services.
Makmur has over 10 years of experience in the Forex industry.
Prior to founding OctaFX, he was the head of the trading department at Alpari UK, one of the world's leading Forex brokers.
Makmur is a graduate of the London School of Economics and Political Science.
Is Exness a non dealing broker?
Exness is a broker that is located in Cyprus and provides forex trading services. It is regulated by the Cyprus Securities and Exchange Commission (CySEC). The company has been in operation since 2008.
The answer to the question is that Exness is a non-dealing broker. This means that the broker does not take the other side of trades, but instead matches orders from clients with counterparties in the market. This allows the broker to provide its services without conflict of interest. Is market maker a dealing desk? A market maker is a type of dealing desk, but there are some key differences between the two. First, market makers typically quote both buy and sell prices for a currency pair, whereas dealing desks only quote a buy or sell price. This means that market makers are essentially always ready to trade, whereas dealing desks may only quote prices when they are able to find a counterparty. Second, market makers typically charge a spread, which is the difference between the buy and sell price, whereas dealing desks may charge commissions. Finally, market makers typically have more flexibility in their pricing than dealing desks, which can make them more advantageous for traders.
Is derive reliable broker? Derive is a broker that is located in the United States and is regulated by the US Commodity Futures Trading Commission (CFTC). Derive is a reliable broker because it is a member of the National Futures Association (NFA) and is registered with the CFTC.
How do I set up a trading desk?
In order to set up a trading desk, you will need a computer with an internet connection and a trading account with a forex broker. You will also need to install a trading platform, such as MetaTrader 4, which will allow you to trade directly from your computer.
Once you have everything set up, you will need to develop a trading strategy. This will involve creating a trading plan, which outlines when you will enter and exit trades, as well as what your profit and loss goals are. You will also need to backtest your strategy to ensure that it is profitable.
Once you have a trading strategy in place, you will need to stick to it strictly. This means only entering trades that meet your criteria, and exiting trades when your profit or loss goals are met. Discipline is essential in forex trading, and you will need to make sure that you follow your trading plan no matter what.