Forex Broker, which is not a Market Maker, is either a Straight Through Processing Broker (STP) or an Electronic Communications Network Broker (ECN). These types of brokers are typically and sometimes erroneously called Non Dealing Desk brokers. But I have been trading with an ECN broker called Trade12 from where I have the maximum opportunities of trading including high security of funding, ECN accounts with lowest cost and no restrictions for pending orders.
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