Magazine for Forex Traders
Steps to Starting Up an Independent Broker Dealer
Qualified experts will focus your attention on theoretical issues foremost – understand the industry you are going to conquer; otherwise, some mechanisms are about to surprise you. When hiring a team, you need to consider your needs, but also the regulator’s requirements. The latter might oblige you to hire local employees and even a local […]
Read moreIntroducing Broker IB: Definition, Role, Registration, Examples
Save time and money by managing your sales through Customer Relationship Management (CRM). After knowing about the Mobile Manager, if you were thinking about how to manage clients and payment etc. First of all, new IBs need to have a strategy in place on how to attract clients. As the state capital was already at […]
Read moreTypes of Forex Brokers Forex Education
Some brokers also offer managed accounts, where professional traders manage funds on behalf of clients. STP NDD brokers automatically route clients’ orders to liquidity providers, ensuring fast and efficient execution. On the other hand, ECN NDD brokers aggregate prices from multiple liquidity providers and display the best available bid and ask prices to clients. Both […]
Read moreECN Electronic Communication Network Guide ECN Brokers and Trades in Forex
Per-trade-based commissions can be costly and can affect a trader’s bottom line and profitability. An ECN broker facilitates trades for interested investors across the ECN. Working with brokers of this nature often results in lower fees as well as additional trading time availability because of how the ECN functions. It can be quite complex, which […]
Read moreWhat Is a Brokerage Account and How Do I Open One?
These banks and broker-dealers would reap additional benefits from providing an end-to-end offering to smaller firms. Most capital-markets firms rely heavily on either taking credit risk (via lending) or market risk (via trading). Offering solutions such as trading as a service alongside helps shift the business model to one that is more stable and platform […]
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