When venturing into the Forex market, one of the most crucial yet often overlooked decisions a trader makes is the type of trading account their broker offers. The broker's execution model—whether they operate as a Market Maker, use Straight Through Processing (STP), or provide Electronic Communication Network (ECN) access—fundamentally shapes the trading experience. Understanding the distinctions between ECN, STP & Market Maker Accounts is vital for aligning your trading style with the right environment and cost structure. Understanding Forex Broker Execution Models: The Foundation A broker's execution model dictates how your trade orders are handled and filled. Broadly, these models fall into two main categories: Dealing Desk (DD), commonly associated with Market Makers, and No Dealing Desk (NDD), which includes STP and...
