Trade Bitcoin Trading

Crypto Brokers Types

ECN, STP, NDD, DD, Market Makers

The list below covers broker types based on their order execution style.

ECN

ECN BTCUSD Account stands for Electronic Communication Net-work, these ECN BTCUSD Account brokers are connected to the interbank network directly through an electronic communication network & orders from the ECN BTCUSD Account are placed straight to the electronic network. ECN BTCUSD Account will display different orders from different banks. trading quote placed by these ECNs network of banks are direct from them to the inter bank network & orders are executed directly to the interbank market once a trader trading with this ECN account opens an order with their broker,

ECN accounts will charge fees + spreads for each btcusd crypto trade you make. With this ECN Bitcoin Account way of doing things, each trade is matched with another one in real time through an inter-bank network, called the ECN Network.

STP

The STP BTCUSD CryptoCurrency Trade Account uses Straight Through Processing. STP brokers send their clients' orders straight to their Bitcoin Liquidity Provider - a big bank with deep liquidity that trades on the interbank network.

An STP BTCUSD Account provided by an STP broker can either have one BTCUSD Liquidity Provider or multiple Liquidity Providers.

The greatest thing about STP BTCUSD Accounts is that those who trade can immediately put in their cryptocurrency trades with fast action because they can get to the inter bank market through their STP online broker.

STP BTC USD Crypto Accounts will not charge commissions, but will charge spreads on cryptocurrency trades. Because Bitcoin Crypto Currency traders have access to the interbank markets execution, there's no re-quotes on the orders neither any order waiting for execution, the BTCUSD trade order execution is instant.

Difference between STP & ECN Execution

NDD

NDD means bitcoin orders are done without a dealing desk: these NDD BTCUSD Account btcusd brokers don't use a dealing desk, which means this way of doing orders has fewer limits than using a Dealing Desk Order Execution Model.

NDD Order Execution means that the trade orders from the BTCUSD traders account will be sent straight to the interbank exchange btcusd market. The orders will be paired with other orders in the online cryptocurrency market using the broker's NDD order execution model.

DD

DD means dealing desk: these brokers use a dealing desk model where they can match orders and make btcusd crypto orders in the btcusd crypto market.

The bitcoin trader trading with a DD account will get a lot of requotes.

Dealing desks often give bitcoin traders many order requotes. This means bitcoin order prices lag behind real time. If the BTCUSD price shifts fast, the broker can adjust the order. This happens before the desk sends it to the online bitcoin market or matches it.

Dealing Desk trading accounts therefore means that the order execution of cryptocurrency orders is not instant & hence this execution model might mean that orders executed using a DD BTCUSD Account aren't executed as quickly as when compared & analyzed to an ECN trading account or an STP account.

Market Makers

MM are broker accounts where Market Maker brokers have a dealing-desk execution model where they can match orders in-house without going to the online btcusd market.

Bitcoin orders also can be executed against their traders - meaning the cryptocurrency broker can take the in the opposite market trend side of a bitcoin traders open trades. This cryptocurrency broker can make the decision to either execute a order that is the in the opposite trend of a bitcoin trader's order thus if the bitcoin trader makes a loss the broker makes a profit, & if the online trader makes a profit the online broker makes a loss.

Regulated Online Brokers

Regulated Online Brokers are those that operate under a financial regulatory authority, these companies will adhere to a strict code of ethics lest they lose their operating license, these are the genuine companies that are trusted by traders as they do not carry out practices against their customers because they are audited by their regulators annually

Choose regulated STP brokers for safe trading.

Crypto Brokers Type - Brokers Types - ECN, STP, NDD, DD, Market Makers - Bitcoin Liquidity Provider - Crypto Liquidity Providers

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