Analysis, weekly Contact with: Steve Mauro, and the entire btmm Family through our private forum. Pros: You can usually get better bid/ask prices because they are derived from several sources. At a daily turnover rate in excess of 4 trillion, the forex market is the largest and most liquid market in the world. Genuine ECN brokers will not trade against you, as they will pass on your orders to a bank or another customer on the opposite side of the transaction.
Average transactions in those days were for transocean sedco forex congo 1 million positions and up, not exactly an environment that fostered the retail trading frenzy that exists today. The forex arena was the private playground of major global banks, commingled funds, and those individuals with the wherewithal and financial resources to trade very large lot sizes. Unscrupulous brokers can easily manipulate spreads to their benefit over time, leaving their clients to accept their behavior or move. If you are a novice or like to trade smaller lots, then a market maker may be best. Forex.com Review, market liquidity in the forex world, however, is never an issue, at least for major currency pairs. In doing this, market makers provide some liquidity to the market. Nearly all forex brokers operate in this fashion for retail forex trading. They were not selling title to an actual asset where ownership issues were involved. How do you recognize an unscrupulous forex market maker? It can be said that market makers seem to «maintain» the market regarding specific currency pairs, risking their own funds to a certain degree since they are forced to carry out. Some of them have more user-friendly trading platforms.