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Brokers type

NDD Forex Brokers

1- What is NDD Forex Broker?

NDD stands for “no dealing desk,” and refers to a type of forex broker that does not act as a dealer or market maker. NDD brokers do not have a dealing desk, which means that they do not take the other side of a trade themselves. Instead, they pass trades on to liquidity providers or other market participants to be filled.

NDD brokers typically offer access to a more diverse range of prices and liquidity sources, as they can draw from multiple sources in the market to fill orders. This can result in more transparent pricing and tighter spreads for traders. However, NDD brokers often charge a commission for their services, which can be a disadvantage for some traders.

It’s important to carefully research and compare different forex brokers, including their fees and the services they offer, to find the one that best meets your needs. It’s also important to thoroughly understand the risks involved in trading forex, and to only invest what you can afford to lose.

2- What is NDD Platform?

NDD platforms, also known as no dealing desk platforms, are types of electronic platforms that are used by some forex brokers to facilitate trades. NDD stands for “no dealing desk,” and refers to a type of broker that does not act as a dealer or market maker. NDD brokers do not have a dealing desk, which means that they do not take the other side of a trade themselves. Instead, they pass trades on to liquidity providers or other market participants to be filled.

NDD platforms allow traders to access real-time prices and liquidity from multiple sources, including banks, financial institutions, and other market participants. This can result in more transparent pricing and tighter spreads for traders, as the NDD platform is able to draw from multiple sources in the market to fill orders. However, NDD platforms may also charge a commission for their services, which can be a disadvantage for some traders.

It’s important to carefully research and compare different forex brokers and the platforms they offer, including their fees and the services they provide, to find the one that best meets your needs. It’s also important to thoroughly understand the risks involved in trading forex, and to only invest what you can afford to lose.

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