Forex broker types

List of Forex Broker types. Click to see which Forex Brokers belong to each type.

  • DMA

    List of DMA (Direct Market Access) Forex brokers

  • ECN

    List of ECN (Electronic Communication Network) Forex brokers.

    Electronic Communication Network Broker: A Financial Institution which provides streams of market depth with best available bid and ask prices. ECN brokers usually charge commission based on traded volume and transactions placed.

  • MM

    MM forex brokers (Market Maker or Dealing Desk). At MM forex brokers, a dealer/broker can quote both bid and ask prices for a symbol/trading pair.

  • MTF

    List of MTF (Multilateral Trading Facilities) Forex brokers.

  • NDD

    NDD Forex brokers (No Dealing Desk). Check the below NDD brokers which provide direct access to interbank market rates and prices for trading pairs.

  • STP

    List of STP (Straight Through Processing) Forex brokers.