Dealing desk, no dealing desk forex trading platform

The types of the forex trading platform. The first step when you want to get in the forex market, you must find a broker providing services. So you must find your selection criteria. The are 2 types of brokerage firm: Dealing Desk and No Dealing Desk . Dealing Desk also known as the Market Maker, while the No Dealing Desk can be subdivided into Straight Through Processing ( STP ) and the Electronic Communication Network + Straight Through Processing ( STP + ECN ).

Dealing desk brokers 

Dealing desk forex broker make money through spreads (bid, ask price) and the opposite transactions for their customer. You may think that there is a conflict or a fraud, but really is not. The maket maker offer the reasonable bid and ask price, they can adjust them to protect themself when the market  widely fluctuates,can be understood that they are not affected with purchasing decisions of customers.
The prices were controlled by market maker, the customer can't see the real price of the interbank market.But you do not need to worry, the competition among the brokers are fierce so if the exchange rate offered by Dealing Desk incompletely equal in interbank market, but there is just only a very small difference deviation .
When broker gets the order they start trying to find an appropriate order from a customer or through other liquidity providers , is a large organization is willing to buy or sell a financial asset .However, in the absence of appropriate transactions to match , they will have to get the opposite of your transactions and from this point of interest between you and the brokerage company will also conflicting . Please note that brokers have different risk management policies vary, so please check your broker about this .

No Dealing Desk brokers

As the name suggested , No Dealing Desk forex brokers move the customer's oders straight through the system to the liquidity provider (Investment banks, hedge funds, mutual funds, other brokers, other clients).
The brokers build bridge linking together and making money through spreads, using STP or STP+ECN system they can get the best price for their customer.
The spreads they offer are ordinarily lower than dealing desk brokers but the fluctuations are depended on the situations of the market at the specific time.