ECN vs STP vs market maker brokers explained
When you place a forex trade, something has to be on the other side of it. How your broker handles that — and who ultimately takes the other side — dete…
2 minRead → Brokers & AccountsMarket vs Instant Execution
Instant and market execution are the two ways MT4 and MT5 fill your orders. Here's what each means for requotes, slippage and getting filled.
4 minRead → Brokers & AccountsWhat is Negative Balance Protection?
Negative balance protection is a broker guarantee that you can't lose more than you deposit. Here's how it works, when it applies, and its limits.
5 minRead → Brokers & AccountsWhat is Order Execution?
Order execution is everything between clicking buy and the fill. Here's how orders are routed, why slippage happens, and what good execution looks like.
5 minRead → Brokers & AccountsWhat is Slippage Tolerance?
Slippage tolerance, or maximum deviation, caps how far a fill can drift from your price. Here's the trade-off between rejected orders and bad fills.
4 minRead → Brokers & AccountsWhat is a B-Book Broker?
A B-book broker takes the other side of your trade instead of passing it to the market. Here's how A-book and B-book differ, and where the conflict sits.
5 minRead → Brokers & AccountsWhat is a Cent Account?
A cent account is a live account sized in cents. The cheapest honest way to test an EA against real spread, slippage and swap before scaling up.
4 minRead → Brokers & AccountsWhat is a Commission in Forex?
Commission is a flat fee separate from the spread. How raw-spread accounts price, the round-turn cost, and which account works out cheaper.
4 minRead → Brokers & AccountsWhat is a Demo vs Live Account?
A demo trades on simulated fills; a live account trades real money. Here's why results differ and how to bridge the gap before you fund one.
5 minRead → Brokers & AccountsWhat is a Deposit Bonus?
A deposit bonus is broker credit with volume strings attached. Here's how the requirements work, what they cost, and why 'free money' rarely is.
5 minRead → Brokers & AccountsWhat is a Liquidity Provider?
A liquidity provider supplies the prices behind your broker. How the liquidity chain works and why it sets your spread, slippage and fills.
4 minRead → Brokers & AccountsWhat is a Raw Spread Account?
A raw spread account passes the market spread through and charges a separate commission. Here's how that compares with a marked-up spread, and which costs less.
4 minRead → Brokers & AccountsWhat is a Segregated Account?
Client money kept apart from the broker's own funds. What segregation protects, what it doesn't, and how to tell a real one from a claim.
4 minRead → Brokers & AccountsWhat is a Spread Markup?
A spread markup is what your broker adds to the raw interbank spread before you see it. Here's how it works, what it costs, and how to spot it.
5 minRead → Brokers & AccountsWhat is a Stop Out Level?
The stop out level is the margin level at which your broker starts force-closing positions. Here's how it works, with a worked £ example.
4 minRead → Brokers & AccountsWhat is a Stop-Out?
A stop-out is when your broker force-closes your positions to protect its margin. Here's how it works, and how it differs from a margin call.
5 minRead → Brokers & AccountsWhat is a Swap-Free Account?
Swap-free (Islamic) accounts remove overnight interest. How they work, how brokers recover the cost, and when swap-free is not actually cheaper.
4 minRead → Brokers & AccountsWhat is a forex broker?
A forex broker is a company that provides you with access to the currency markets. Without a broker, you cannot trade forex — you need a regulated inter…
2 minRead → Brokers & AccountsWhat is slippage?
Slippage is the difference between the price you expected to trade at and the price you actually traded at. It occurs when market conditions change in t…
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