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ECN/NDD forex brokers: Marketing? Fantasy? Truth?

Igor
Igor123472
Aug 01 2014 at 09:46
117 posts


Hi guys

What do you thing about NDD fx brokers?

ECN is really REALLY true? is there fx interbank market giving for you smallest spreads? Or its just fantasy to catch newbies?

I noticed that many ON-line forex brokers offers ECN/NDD accounts for clients. But i don't know how it really works.

Please read this article:
https://www.forexcrunch.com/beware-of-no-dealing-desk-ndd-forex-brokers/


What an advanced trader would say about ?




Igor
Igor123472
Aug 01 2014 at 15:03
117 posts
mariav
Aug 18 2014 at 09:49
115 posts
I am not an advanced trader but still you can try to trade with them: they are good, I am sure. I am trading with them on cent accounts and I am very glad that I've cose them and they are also have NDD and ECN. Read about it here. Hope you will find it helpful and useful 😄 https://www.nas-broker.com/en/clients/business-model

Yuriy Zelinskiy
GeorgeTrader
Aug 19 2014 at 10:30
22 posts
mariav, please, thats a bucket shop managed by Russians (Belive me, You should never have bussiness with Russians, they just can't do Brokerage Bussiness fair, its not in their blood). If You see Russian or Ukrainian broker - just have a good laught at it and run away.😉 (Don't be fooled by their London office). By the way, that broker you recomended is a great example of heartless marketing by using ECN/NDD theme. And, please, dont get me wrong, It has nothing to do with Russia-Ukraine tension right now. It's just my live expirience of last 5 years trading.

And about topic here...Yes. I'm sure there are a good number of true ECN brokers. They usually charge not a small commision on Your every trade, but their spread is tight for sure and their minimum deposits are high & leverage is low. Thats their way to make money - True ECN broker gives best execution speed, tight spreads, great client support, deposits protection, financial regulation, advanced trading platform to attract clients. Then they just make they profit on commisions and thats should be all and thats why brokers was created for on the first place. I mean like ' old school' brokers - you call them, you ask them to open a position for You, they do it and thats it.

mariav
Aug 20 2014 at 12:35
115 posts
GeorgeTrader posted:
mariav, please, thats a bucket shop managed by Russians (Belive me, You should never have bussiness with Russians, they just can't do Brokerage Bussiness fair, its not in their blood). If You see Russian or Ukrainian broker - just have a good laught at it and run away.😉 (Don't be fooled by their London office). By the way, that broker you recomended is a great example of heartless marketing by using ECN/NDD theme. And, please, dont get me wrong, It has nothing to do with Russia-Ukraine tension right now. It's just my live expirience of last 5 years trading.

why do you think they are Russian or Ukrainian? because they have offices there? 🙄 many international brokers also provide their services in these countries but that doesn't make them Russians. For example IronFx - they also have office in Moscow and in Kiev if I am not mistaken but the owner is from Cyprus. I know that owner of NAS Broker is Spanish. And they are regulated by Cysec, so they do not have nothing in common with Russian or Ukrainian brokers besides website translation on these languages. Why do you think they are a bucket shop and can you explain about heartless marketing? Do you trade with them? I do not want to change my broker as i have profit with them but very interested in your explanation. I am kind of new, so will appreciate your information.😉

Yuriy Zelinskiy
GeorgeTrader
Aug 24 2014 at 11:38
22 posts
Greeting's, everyone.
First of all im sorry for off-topic post again.

To Mariav :

Thats the facts that proves them to be Russians:

1. On their website there is only two languages available - English and Russian.
2. Their offices are only in London, Moscow and Kiev.
3. On their website there are links to company's personal pages in nine different social networks.
    Tree of those social networks are completely Russian the rest are global due to their popularity.
    In all nine social networks their personal pages ARE IN RUSSIAN LANGUAGE ONLY. Even at Facebook and Twittter.
    The last one is the solid proof that their management team and employees are Russians only.
4. At their website there are 'About Company' page. There is one of company's goal (i quote):
    ' developing the industry of Forex trading in Russia and the CIS countries up to Western level '.

You will know if it's a solid broker only by withdrawing more than $10'000 from your trading account and making regular cashouts. Thats what the most bucket shops or just some poor funded broker can't handle. And the cold statistics shows that most forex broker frauds are coming from Russia and Ukraine, because financial law influence in those countries are really weak.

NAS Broker are Not regulated by CySEC ! Where did You get that anyway ? They got only sertificate of corporation from SVGFSA - Financial Services Authority of Saint Vincent and the Grenadines.

And where did you get info about the owner ? On their website they even didnt provided any information about CEO and management team , not a single name.

Mariav, You know, thats just my personal negative expirience after dealing with some Russian brokers and Russian people in general, I'm just trying to help and warn traders, so they will not lose money and time by trading with low class brokers (sh..t in the candy wrapper) 😁

Wish You all the best and please stay very cautious in the word on finance!

togr (togr)
Aug 25 2014 at 08:27
4862 posts
GeorgeTrader posted:
Greeting's, everyone.
First of all im sorry for off-topic post again.

To Mariav :

Thats the facts that proves them to be Russians:

1. On their website there is only two languages available - English and Russian.
2. Their offices are only in London, Moscow and Kiev.
3. On their website there are links to company's personal pages in nine different social networks.
    Tree of those social networks are completely Russian the rest are global due to their popularity.
    In all nine social networks their personal pages ARE IN RUSSIAN LANGUAGE ONLY. Even at Facebook and Twittter.
    The last one is the solid proof that their management team and employees are Russians only.
4. At their website there are 'About Company' page. There is one of company's goal (i quote):
    ' developing the industry of Forex trading in Russia and the CIS countries up to Western level '.

You will know if it's a solid broker only by withdrawing more than $10'000 from your trading account and making regular cashouts. Thats what the most bucket shops or just some poor funded broker can't handle. And the cold statistics shows that most forex broker frauds are coming from Russia and Ukraine, because financial law influence in those countries are really weak.

NAS Broker are Not regulated by CySEC ! Where did You get that anyway ? They got only sertificate of corporation from SVGFSA - Financial Services Authority of Saint Vincent and the Grenadines.

And where did you get info about the owner ? On their website they even didnt provided any information about CEO and management team , not a single name.

Mariav, You know, thats just my personal negative expirience after dealing with some Russian brokers and Russian people in general, I'm just trying to help and warn traders, so they will not lose money and time by trading with low class brokers (sh..t in the candy wrapper) 😁

Wish You all the best and please stay very cautious in the word on finance!


Never trust Russian broker

mariav
Aug 25 2014 at 13:36
115 posts
I know it. But I can not understand why you guys think its Russian? 😳 If somebody will give me a few reasons why I should not trust my broker I will be glad but now it seems to me that you just so unhappy with your brokers that you think that all of brokers are scammers. That is not fair. 😲

togr (togr)
Aug 25 2014 at 13:45
4862 posts
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Fernandezz
Aug 25 2014 at 13:49
17 posts
I woudn't generalize, but Completely agree with GeorgeTrader! I would think twice before I do business with Russian businessmen. I don't know much about Russian people.

How about Dukascopy? It's a Swiss forex bank/brokerage company with Russian (?) or Lativian capital. Does naybody have any experince with them?

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