IT'S GOOD TO KNOW
It is helpful to understand the following questions:
What is the principle of ECN/STP trading?
Чем больше у брокера поставщиков ликвидности, тем эффективнее исполнение сделок для его клиентов (расширенный доступ к ликвидности часто сопровождается меньшим проскальзыванием цен). Основное отличие настоящего брокера STP (прямой обработки) заключается в том, что брокер STP не обрабатывает заказы внутри компании, а направляет их поставщикам ликвидности, действуя как посредник между клиентом и реальными рынками.
Do you have the phenomenon of requotes?
We do not have such a practice. A broker who quotes your orders a second time is usually categorised as a dealing centre. A requote occurs when a dealer on the opposite side of a trade (can be either live dealers or automated systems) delays the execution of an order, during which time the price may change. As a result, the broker cannot execute your order and notifies you of the price change, which is called a requote. Usually the new price offered in such a case may be different from the price you requested, especially in volatile market conditions. In most cases, requotes do not benefit the customer. We do not have the practice of requotes because we do not have a dealing centre, either human or automated (software) dealer
Is it possible to scalping on your platform?
Yes, of course you have that option. Our difference from some other brokers is that we welcome scalpers. Dealing centres operate on a different business model: they themselves are the opposing side to their clients' trades and have to make decisions about hedging or managing the client's overall net position at any given moment. This can pose some challenges for these brokers, especially in relation to trading styles such as momentum scalping, where trades open and close very quickly.
Для дилинговых центров еще одной потенциальной проблемой является тот факт, что скальперы генерируют большое количество торговых запросов одновременно, особенно в периоды повышенной активности на рынке, например, во время публикации важных экономических данных. Такие заказы, превышающие определенный размер, часто обрабатываются индивидуально и могут привести к возникновению реквотов для клиентов.
Мы, в свою очередь, не являемся дилинговым брокером. Наша практика заключается в том, что мы направляем все сделки к нашим поставщикам ликвидности. Нам выгодно обрабатывать больший объем сделок, так как мы получаем комиссию в зависимости от объема торговли, что также открывает возможности для скальперов среди наших клиентов.
How do I determine if my broker is a dealing centre?
Signs that your broker may be a dealing centre include:
Restrictions for certain trading strategies such as scalping or news trading.
Use of fixed spreads.
Providing so-called "guaranteed" stop orders.
Possibility of requotes (new price offers after placing an order).
In case you have detected one or more of the above signs, your broker is probably a dealing centre. Dealing centres, also known as "market makers", make their own markets based on the underlying markets and may act as an opposing party to your trades.
How do dealing centres generate profits?
They generate income based on the difference between total client losses and client profits that cannot be protected (hedged). In general, dealing desk brokers face a bidirectional flow of customers buying and selling on a given market. Dealing desk brokers need to effectively manage the net position of this flow, whether long or short, at any given time. Depending on the particular broker, a portion of this position may be hedged in the real market, while the remainder of the risk, up to a level that the broker is willing to accept, may be utilised as a separate brokerage trade.
How do we make money from our activities?
We source liquidity from a variety of suppliers around the world. Our system is designed to provide clients with the best available prices based on the total offerings of our liquidity providers. When you open a new order, you receive the best available buy or sell price provided by our liquidity providers and our commission is already included in the spread that is displayed on the trading platform. It is therefore in our interest that you continue to trade with us and it is therefore in our interest that your trading brings you maximum profit.
Do you have no requotes?
Simply put, we do not apply requoting as we have no control over quotes (i.e. prices displayed on your trading platform). Your order will be executed when a price is available from one of our liquidity providers. However, it is important to note that we cannot guarantee that your order will be executed at the price you have requested; our system is set up to execute it at the next best available price from another liquidity provider. However, it is worth noting that we do not have a practice of requoting, as our focus is on your successful trading.
Can liquidity providers see my orders?
No, they can't. From their point of view, they see only one client, and that is our company as a broker. You remain anonymous to them in all cases.
Why, despite the chart exceeding my limit, did the order not open?
This is possible and usually occurs due to a lack of liquidity at the moment. As an example, imagine that several clients have placed sell limit orders above the current market level for a total of 1,000 lots prior to a major news release. When the news is released, the market rises sharply by more than 50 pips to the level where the prices of all these orders are located, and liquidity providers receive requests to execute these orders for a total volume of 1,000 lots. However, it is possible that only 200 lots of liquidity are available from the liquidity providers at this time. In this case, the first 200 lots of the 1000 lots will be executed, while the remaining 800 lots will remain unexecuted due to lack of available liquidity and will wait to be executed until the price reaches or exceeds this level again.
Is the use of advisors (EAs) allowed?
Positive. All EAs (EAs) are welcome.
What is the phenomenon of slippage and why does it occur?
Slippage is a small change in price between the time an order is opened and the time it is executed, which can occur due to limited liquidity in the market (when there are already orders from other traders) or during market gaps. Slippage is the difference between the price at which you requested the order to be executed and the price at which it was actually executed. This difference may be due to lack of liquidity, speed of execution or differences in market prices. We do not guarantee that an order will be executed at the exact price requested. Our system is set up to execute orders at the next best available price from liquidity providers, even if this causes slippage.
Why are stop orders not guaranteed by your service?
There is no concept of a "guaranteed stop order" in the real market. This type of stop order is offered by dealing desk brokers who create their own markets based on the underlying markets. Such brokers have more flexibility in setting stop orders, as they can manage a portion of clients' net positions as internal trades against clients.
На реальном рынке все стоп-ордера ожидают выполнения до тех пор, пока не будет достигнута цена, указанная в ордере. После этого ордер передается поставщику ликвидности, и возможно проскальзывание в зависимости от доступной ликвидности. Таким образом, невозможно гарантировать исполнение стоп-ордеров на реальном рынке.