Forex trading is a lucrative business. However, many people do not consider the importance of finding a reliable broker quotex login. The difference between success and failure can be made by a good Forex broker. Unfortunately, most new traders do not know the key differences between Forex brokers. It is important to note that Forex brokers are not centrally controlled like stock exchanges. This opens up the possibility for unfair dealings between them and their clients.
There are two main differences between Forex brokers. One is whether they are dealing desk brokers or non-dealing desk brokers. The spreads are the main source of profit for a dealing desk broker. They also trade against clients, taking the other side of the trade. A Market Maker is a type of Forex broker. Non-Dealing Desk Forex brokers are not able to take the other side of a trade but can instead access the interbank market. This broker is a licensed broker. There should be no requotes or extra waiting time while you wait for your order confirmation. These brokers can either charge a commission and keep the spreads very tight or they may increase the spread to give you a Forex trading commission without any additional fees.
There are also two additional types of broker. Straight Through Processing brokers are those that directly send orders from clients to liquidity providers/banks. These orders trade on the Interbank. Electronic Communications Network broker allows client orders to interact and trade with other client orders. This creates a marketplace in which all participants, such as banks, market makers, and independent traders can trade against one another by sending each other competing bids or offers into the system. Both of these types can be considered No Dealing Desk.