Thread: What is No Dealing Desk ?

what is No Dealing Desk ?

• No Dealing Desk
• No dealing desk = Honesty
• No dealing desk broker means honest broker
• No Clients encounter problems for executing their orders
• No Brokers freeze the platform
• No Increase the spread
• No Re-quotes
• allowing clients to be in and out from the market within short period of time seconds
• Trade the news without dealer
• intervention or trade restrictions
• Scalp the market without dealer
• intervention or trade restrictions
• Ability to place orders inside the spread
• Competing rates from multiple banks
• No dealing desk = No restriction

IGTFX provides Currency Online Trading with the lowest spreads in the Forex Market

Why IGTFX NDD ?

• No Dealing Desk Execution
• Trading on MetaTrader 4
• Inter-bank Spreads Directly From Our ECN
• STP/ECN Execution For all orders
• Run Test Expert Advisors
• Spreads start from only 1 pip
• Up to 1:200 Leverage
• Minimum Deposit 500 USD
• Min. Trade Size 0.10
• Electronic Execution of Orders ( No Dealer Intervention)
• No Comissions
  
• Full Hedging Capability

Download IGTFX platforms

http://www.igtfx.com/pro/igtfx4setup.exe

No Dealing Desk (NDD) forex brokers provide access to the interbank market without passing orders trough the dealing desk. No dealing desk brokers work with their market liquidity providers, primarily banks to get better competitive bid and ask prices.

With true No Dealing Desk brokers there are no re-quotes on orders and no order confirmation. This, in particular, allows traders to trade during news time with no restrictions on trading.

An NDD broker can either charge a commission for trading or choose to increase the spread and make trading commission free.

For active FX traders, the no dealing desk option provides traders direct access to some of the best bid and ask prices via multiple bank access. There are absolutely no requotes and no dealer confirmation. This means that during key news and economic events there are absolutely no restrictions on trading.

A no-dealing desk broker does not have a dealing desk but instead uses external liquidity providers to provide pricing and liquidity for its clients. The liquidity providers send in competing bids and offers into the platform, resulting in the best bid and offer being displayed to the client. Some no-dealing desk brokers may display the market depth which is the amount of liquidity available at each price. A greater number of liquidity providers providing pricing to the no-dealing desk broker leads to tighter spreads. A no-dealing desk broker may increase the spread to earn its commission.