What is the difference between ECN, DMA, STP and MM? [table id=18 /] Abbreviation: ECN – Electronic Communication Network DMA – Direct Market Access STP – Straight Through Processing NDD – No Dealing Desk DD – Dealing Desk MM – Market Maker…

What exactly is “Agency model” Forex broker? “Agency model” is just a fancy name for “No Dealing desk”. That’s it. Simple, straight. In other words, in Forex there is Agency model dealing and Principal model dealing. Agency model = No dealing desk (STP, ECN, DMA) Principal model = Dealing desk (Market maker) Where did it all come from?…

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Please note, that deposit requirements, trading conditions as well as the type of dealing model used by a broker are given specifically for MT4 platform accounts, and may differ from trading conditions offered on other platforms. The largest list of Forex brokers that offer MetaTrader 4 (MT4) platform: United States (US):…