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Either Straight Through Processing STP or STP with an Electronic Communication Network ECN are offered by brokers operating the NDD model. Where brokers are just offering STP, all positions are transferred to liquidity providers. Where an ECN is in place, the orders can interact with other orders on the network until a match is found.

In both cases, the broker itself does not act as the market maker and everything from placing a trade to its execution is done electronically without manual intervention. Trades are matched automatically and instantaneously. STP ECN brokers usually charge a small transactional commission, but will not alter the spread. No dealing desk brokers offer the following advantages. No re-quotes positions are generally executed instantly. Positive Negative Slippage Unlike dealing desk brokers who pass on only negative slippage, no dealing desk brokers pass on negative and positive slippage, thus balancing the negative impact of slippage over time.

No conflict of interest The potential for conflict of interest is removed when trading with genuine STP ECN Brokers as they are making their money through a predefined commission. Dealing desk brokers, however, make money from the losses of their clients; therefore they have been known to become involved in stop loss hunting, spread widening and other such negative tactics. Automatic processing dealing desk brokers can be overwhelmed as they are required to manually approve each trade, which can be a large drain on their resources.

Some traders still prefer to use the dealing desk model, however, because of the fixed spreads. Brokers that offer No Dealing Desk. Brokers such as XM and FXCM offer a No Dealing Desk trading environment. Furthermore, as they are regulated by the FCA, and authorised to provide regulated products and services, they are bound by stringent regulations that provide some protection for clients and their funds. A list of regulated online brokers can be found here.

Why Choose XTB For No Dealing Desk. XTB scored best in our review of the top brokers for no dealing desk, which takes into account 120 factors across eight categories. com Axitrader Trust Score AAA AAA AAA Established in 2002 1999 2007 Regulated by Financial Conduct Authority Financial Conduct Authority Financial Conduct Authority and ASIC Uses tier 1 banks Company Type Private Private Private Segregates client funds.

Want to see how XTB stacks up against Forex. com and Axitrader. com Axitrader Fixed Spreads Variable Spreads EUR USD Spread 0. 2 USD JPY Spread 0. 42 DAX Spread 0. 80 FTSE 100 Spread 0. 50 S P500 Spread 0. com Axitrader Platform MT4, Mirror Trader, Web Trader, Tablet Mobile apps MT4, Web Trader, NinjaTrader, Tablet Mobile apps MT4, Mac, ZuluTrade, Web Trader, Tablet Mobile apps Services Forex, CFDs, Social Trading Forex Forex, CFDs, Social Trading Base currency options USD, GBP, EUR USD, GBP, EUR USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD Funding options Payoneer, Credit cards, Bank transfer, PayPal, Neteller, DebitCard, Bank transfer, Cheque, DebitCard, Payoneer, Credit cards, Bank transfer, Neteller, BPAY, UnionPay, DebitCard, Micro account ECN account.

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Integrated Digital Arts Commonly dubbed as the mixed media in digital art world where artists combine different techniques to create unique results. Here, it s less restricted when it come to manipulation and integration. Vector Drawing This is commonly used by digital illustrators so the term is not new but popular especially in digital canvas where objects, colors and patterns are outlined. Fractals Or Algorithmic A computer-generated art produced by mathematical manipulation.

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