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By the end, you’ll know whether an ECN, STP, or Market Maker broker is best for you – and be ready to check out the Economician brokers list to find a great match for your needs.
Understanding Forex Broker Types
Forex brokers can be broadly categorized by their execution model: dealing desk vs no-dealing-desk. Dealing desk brokers – commonly known as Market Makers – literally create a market for their clients' trades. In contrast, STP and ECN brokers use a No Dealing Desk (NDD) model, routing client orders directly to external liquidity sources rather than filling them in-house. In practice, this distinction has big implications for how your trades are executed and how brokers earn their fees. In the sections below, we break down what each type means for you as a trader.
