Broker list, broker list.

Broker list


Pros of trading forex with an STP broker 4. Quick deposits and withdrawals


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Till about a decade ago, you had to make use of the telephone if you wanted to invest in the financial markets.

Today forex bonuses


Broker list, broker list.


Broker list, broker list.


Broker list, broker list.

You had to call up your broker for placing as well as closing orders. Introduction of online trading has, however, simplified every aspect of the investment process. You can carry out trades from the convenience of your home or on-the-go using the platform provided by brokers. Sounds simple, but the problem is there are umpteen number of forex brokers that offer trading platforms out there in the market. And, you need to work with the best forex broker if you want to achieve your financial goals. So, it all boils down to identifying the right broker to work with and it is definitely not an easy task. Read on to find out as to how you can identify the best forex brokers. In this post, various aspects you need to take into consideration when choosing a forex broker are discussed in detail so that the selection process becomes simpler and easier for you.



Brokerinfobonusopen account
min deposit: $5
spread: from 0.2 pips
leverage: 500:1
regulation: FSA (saint vincent and the grenadines), cysec
50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win. Visit broker
min deposit: $1
spread: from 0 pips
leverage: 3000:1
regulation: cysec, IFSC
$100 no-deposit bonus, 100% deposit bonus visit broker
min deposit: $5
spread: from 0 pips
leverage: 888:1 “*this leverage does not apply to all the entities of XM group.”
regulation: ASIC, cysec, IFSC belize
“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program” visit broker
min deposit: $1
spread: from 0 pips
leverage: 2000:1
regulation: FCA UK, cysec, FSP, bafin, CRFIN
35% of the account deposit visit broker
min deposit: $100
spread: starting 0 pips
leverage: up to 400:1
regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA
visit broker
min deposit: $300
spread: floating, from 0 pips
leverage: 500:1
regulation: FCA UK reference number 579202
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min deposit: $200
spread: starting 0 pips
leverage: 500:1
regulation: ASIC australia, FCA UK
visit broker
min deposit: no minimum deposit
spread: 1.2 pips
leverage: 50:1
regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC
visit broker
min deposit: $10
spread:
leverage:
regulation: cysec
- visit broker
min deposit: $200
spread: from 3 pips
leverage: 400:1
regulation: NFA, FCA, cysec
visit broker
min deposit: $100
spread: starting 0 pips
leverage: up to 500:1
regulation: FCA UK, ASIC australia, MAS singapore
visit broker
min deposit: $1
spread: fixed spread from 3 pips
leverage: up to 1:1000
regulation: CBR, cysec and FFMS
30% forex deposit bonus visit broker
min deposit: $250
spread: as low as 0.1 pips
leverage: up to 400:1
regulation: ASIC australia and FCA UK
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min deposit: €100
spread: the spread can be as low as 0.01%” (0.01% = spread for EUR/USD)
leverage: 1:294
regulation: ASIC, cysec, FCA (UK)
visit broker
min deposit: $100
spread: starting from 0.9 pips
leverage: 400:1
regulation: MIFID, FSB & ASIC
visit broker


Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.


Main parameters to be checked for identifying the best forex brokers:


top recommended best forex brokers


#1: regulations and licenses


It is highly recommended that you choose only forex brokers that are regulated or authorized by leading regulatory bodies such as commodity futures trading commission (CFTC), national futures association (NFA) and financial conduct authority (FCA in UK), among many others. This is because regulated brokers are more reliable than their non-regulated counterparts. Further, your hard earned money remains safe with such brokers for two reasons: they will be appropriately capitalized and they maintain segregated accounts for theirs as well as traders’ funds.


#2: forex trading platform


The online trading platforms that recommended forex brokers provide would not only be simple, but also intuitive and easy to operate or navigate. It, therefore, makes sense to try out a few online forex platforms and see for yourself as to which one has a better user interface and is easily navigable.


#3: customer support services


Customer support is a key aspect that you need to evaluate. Best fx brokers would often be aware of the needs of the traders and provide good, efficient and responsive customer support services. During the course of trading forex on an online broker’s platform, there will be times when you need certain time sensitive clarifications. If the customer support service of the broker you are planning to work with is not good enough, you could end up losing money. It is, therefore, recommended that you evaluate the brokers’ customer support service both by speaking to their representatives on telephone and by communicating with them through email.


Leverage offered for forex trading varies from one broker to another. If the leverage is high, the trader can make more profits. However, the risk of accumulating losses is also equally higher. Therefore, you should choose a broker that offers leverage suiting to your needs and based on your style of trading.


Brokers often try to attract you by offering high capital bonuses when you make your first deposit. This is good because you get more money for trading. You can choose the broker that offers the highest first deposit bonus, but you should make sure other aspects discussed above and those that are discussed below suit your needs.


#6: deposits and withdrawals


It is important that you understand the brokers’ policies related to deposits and withdrawals. The features to be evaluated when choosing top forex brokers are minimum amount to be deposited to start trading, deposit methods offered, currency options provided, minimum withdrawal amount specified and waiting time for withdrawals, among others. Further, it makes sense to go through all other written policies in detail.


Brokers make money by charging a fee for each of the trading transactions that you execute on the forex trading platform provided by them. As far as the broker and you are concerned, the significant source of revenue would be the spread, the difference between ask and bid prices. It pays, therefore, to check as to how the brokers you have shortlisted handle spreads:


Do they offer fixed or variable spreads?
What is the average and maximum spread for the currency pairs that you are planning to trade?
What spreads are offered when the volatility is very high?
Do you have to pay any commission for each trade apart from the spread?


Before buying a car, you always go for a test drive. Similarly, look for forex brokers that offer demo accounts. This helps you to open a practice account. You can try out their platform and find out for yourself as to which of the shortlisted brokers is best suited to your requirements. Most brokers offer practice accounts these days. So, it is easy for you to get a feel of the brokers’ platform before committing to depositing money and trading.


#9: other parameters for identifying the best forex brokers


The forex brokerages that offer very low account minimums can be considered for evaluation under the category “best forex brokers”. This is good because you don’t have to deposit large amounts of money in order to trade forex. Minimum account balance can be as low as $5 in the case of some of the reliable forex brokers.


Online forex brokers often try to snatch business through promotions. Do not fall prey to their sales gimmicks. Best forex brokers would never make unbelievable and unachievable promotional offers. It is true that cash and prizes form part of the game, but they should be reasonable.


Another aspect to look for when evaluating online forex brokers is the educational services offered by them. This helps you to master the art of forex trading. Brokers that provide you with a variety of educational tools for assisting you in assessing the forex market are the best forex brokers to work with.


Why expert traders trade with regulated forex brokers


If you’re looking to become a successful forex trader, then working with a skilled and trustworthy broker is very crucial. In the forex market, the two main types of brokers you’ll get include the regulated and the non-regulated brokers. Obviously, the former typically operates under regulations stipulated by a forex regulator. Regulated forex brokers must also be fully licensed and registered in their country of operation, unlike their non-regulated counterparts.


Role of regulation


Of course, the role of regulation in forex market cannot be underestimated. Regulation ensures that all players in this booming industry are strictly supervised. This way, merchants are protected from the many unscrupulous traders out there looking to swindle them off their hard earned money. Another thing, regulation also builds trust between merchants and their brokers, since most merchants don’t have enough time to monitor every investment.
Let’s take a quick look at some of the leading regulatory agencies:



  • CFTC and NFA: commodity futures trading commission and national futures association, regulate the financial services sector in united states of america (USA).

  • Cysec: the cyprus securities and exchange commission is the regulatory watchdog within the cysec domain. It offers services to the EU member states.

  • FCA: the financial conduct authority regulates the operations of over 56,000 financial services and companies in the UK.

  • ASIC: the australian securities and investment commission regulate the financial services sector in australia.

  • FSB: the financial services board is a south african agency which oversees functioning, regulation, and licensing of south african forex brokers.

  • Bafin: bafin is a financial supervisory authority providing its services to forex companies in germany.



Advantages of regulated forex brokers


With regulated brokers, you’ll always have some peace of mind when carrying out your real-money transactions. To expound more, here are the main reasons why expert traders prefer regulated brokers:


1. Credibility


It’s an open secret that most of us like to deal with trusted organizations, especially when money is involved. That being said, the credibility of any forex broker is greatly enhanced if the company is regulated by the relevant agencies. Remember that all regulated forex brokers are mandated to follow some strict rules put in place by their respective regulatory bodies. Furthermore, their regulatory bodies expect them to regularly present a copy of their audit report. Therefore, if a broker is listed on its regulatory body list, then it’s safe to say that the forex broker has fully complied.


2. Compensation


Getting compensated in case of any unfortunate scenario is arguably the best reason why most expert traders opt for regulated brokers. With most regulated brokers, you can rest assured that all your hard earned money will be refunded in case your brokerage firm goes down. For example, brokers operating under cysec are required to remit their contribution to the ICF (investor compensation fund). This pool of funds is to help settle any form of customer claims in case of any eventuality.


3. Effective customer service


Before choosing a forex broker, it’s always recommended that you settle for one who can effectively and immediately resolve all customer issues. In this case, most regulated brokers are always competent enough when dealing with technical support or account issues. In addition, they are very helpful and kind during the whole account opening process.


4. Quick deposits and withdrawals


Any reputable forex broker will allow their merchants to make deposits and withdrawals without any hassle. A regulated broker should have no reason whatsoever to make your earnings process difficult because they don’t have control over your funds. All they have to do is to facilitate the platform to make it convenient enough for you to trade.


5. Updated trading platform


Most regulated brokers are mandated by their respective regulatory authorities to provide their clients with the latest, powerful, and easy-to-use trading platforms. In fact, most of their platforms will readily provide you with all that you need to begin trading immediately. You’ll get a lot of educational materials including webinars, videos, articles, seminars, and e-courses at no extra charge. It goes without saying that regulated brokers also offer their clients free demo accounts to help them sharpen their skills before going live.


6. Legality


All over the world, governments are struggling to deal with issues concerning money laundering. Some of them have even gone ahead to pass very strict anti-money laundering laws. So to be on the safe side, you should always trade with a regulated broker. Most regulated forex brokers will ask you to provide some of your personal identification documents such as proof of address and photo ID. This might sound tedious to you but it’s always safe to be part of a regulated organization that can prove your money is being used in a legal way.


To sum it up, regulated forex brokers are always the best as well as the safest option to trade with. This is because they are always ahead in terms of legality, security, and safety of your funds. All in all, you can manage your risks better if you opt for a regulated forex broker.


Understanding true ECN vs STP broker


The foreign exchange market, also known as currency market, is a universal decentralized market that provides traders an opportunity to trade currencies. It is a market which incorporates all aspects of buying, selling, and exchanging currencies at the present-day or determined rates.


There are different kinds of forex brokers that you can choose to trade forex with. However, though all the brokers in forex are intended to provide a similar basic solution, the way they operate behind the scenes is different. Different types of brokers have varying techniques of operation, and the specific broker you cooperate with can significantly determine your success rate as a forex trader. Here are some crucial factors that will enable you determine which broker between a true ECN and STP broker is the best one to trade forex with:


Understanding true ECN vs STP broker


True ECN i.E. Electronic communications network brokers operate without their individual dealing desk. These brokers provide an electronic trading platform where professional market makers at monetary organizations such as banks, and other online trading participants including traders can enter bids and offers through their particular systems.


STP i.E. Straight through processing brokers are brokers without a dealing desk also. These brokers apply some of the techniques utilized by market makers to provide their particular clients with trading conditions which are more flexible. By STP brokers hiring some of the tactics of market makers, they are able to bypass the limitations connected to trading exclusively within the interbank market.


General overview of true ECN and STP brokers



  • Use of scalping techniques



True ECN and STP forex brokers do not care about how much their particular traders make. Therefore, these types of brokers allow traders to utilize scalping techniques to close their respective positions. Note that false ECN and STP brokers cannot allow you to use scalping techniques as a trader since they will be disadvantaged anytime you make small profits.


True ECN and STP brokers are types of forex brokers without a say when it comes to control on spread provided. These brokers have no control on spread offered since it’s the liquidity provider that determines the spread which is to be provided.


Though true ECN and STP brokers can add markups when necessary, they cannot in any way take it further down than the amount provided.


Difference between true ECN and STP brokers



  • Commission charged



On true ECN accounts, as a trader you will be required to pay a fixed commission to open and close trades. The spreads offered on true ECN accounts are determined by the rates of liquidity providers.


When using STP accounts as a trader, you will not be required to pay any commissions.


Pros of trading forex with a true STP broker



  • Cannot bankrupt themselves



True ECN brokers cannot trade against their specific clients to bankrupts themselves.



  • Similar price rates



If you are a forex trader, trading with a true ECN broker means you are guaranteed of price rates that are similar to those of the interbank market.



  • Negative balance protection



As a trader utilizing the trading account of a true ECN broker, the broker will be accountable for any dues with liquidity providers should your account read negative as a result of any reason beyond their control.


Cons of choosing a true ECN broker


Dealing with a true ECN broker will require you to pay rollover fees and commission at times.


Pros of trading forex with an STP broker



  • Their rates and the interbank prices are same

  • They provide their clients low entry capital requirements



Cons of choosing an STP broker


Choosing an STP forex broker means when you enter a trade you’ll not be informed what spread to expect.


Most true ECN and STP brokers are linked to several liquidity providers at the same time period. Despite both true ECN and STP brokers having incredible trading solutions which can meet your needs as a trader, their terms of operation vary. Whether you will choose a true ECN or STP broker, the rule of thumb is always ensuring you minimize losses and maximize profits as much as you can when trading forex. Ensure you compare carefully the terms of service of both a true ECN and STP broker before you choose one to handle your trading needs.



The best list broker services of 2021


By kiely kuligowski,


Successful marketing campaigns require accurate data. Using a list broker, your small business can gain access to a wide target audience. Whether you're conducting an online campaign or sending a promotion throughв direct mail, with the help of a good list broker, you can target your ideal audience through demographics data and up-to-date lists.


To help you find the best list broker service, we researched 25 different broker companies and considered factors like the services they offer, how they source and verify their contacts, and whether you're required to sign a contract to use their information.


Find the right list broker for your business


Compare our best picks


В В leadsplease caldwell list company В listgiant
updates monthly monthly twice monthly
list accuracy consumer lists are 95% accurate. Business lists are 93% accurate. Consumer lists are 92% accurate. Direct mail lists are 94% to 99% accurate. Email lists are not guaranteed.
Rent/buy buy rent buy

Our reviews


Leadsplease: best list broker overall


Leadsplease is the best overall list broker service due to its many features and comprehensive list-generation options. The company offers postal and email lists for consumers, businesses or any number of specialty needs. We were impressed with how frequently leadsplease updates their data and their exceptional guarantees.


With many list brokers, obtaining an exact price requires that you call the company's sales department. Leadsplease, though, posts pricing on its website.


For postal lists with 1,000 consumer leads, leadsplease charges $99.50. For 1,000 business records, it charges $99.75. For 5,000 leads, expect to pay approximately $325 for household leads and $600 for business leads; 10,000 leads had a $400 and $800 price tag, respectively. The above prices are estimates.


For 1,000 household email leads, leadsplease quotes a price of $125; email business leads cost $170. For 5,000 household email addresses, the price quoted was $500, while that same number of business leads cost $600. Household and business lists with 10,000 entries cost $900 and $800, respectively.


Using accurate data is paramount for your company's marketing campaigns. Leadsplease updates their databases every 30 days. The company checks postal addresses against U.S. Postal service-approved software, and emails undergo electronic confirmations. For certain databases, like the ones used for new movers and new homeowners, data is updated weekly.


In addition to providing up-to-date lists, leadsplease offers businesses special features that are designed to streamline the list generation process and make it more convenient. For example, leadsplease can provide generated lists in PDF, excel/CSV format and as preprinted mailing labels.


Leadsplease offers the best guarantee with their postal lists among the services we researched. For consumer, new mover and new homeowner postal lists, the company guarantees a 95% or higher accuracy rate. Leadsplease guarantees its business postal lists have an accuracy rate of 90% or higher if you use the list within 30 days of purchasing it. If, however, the percentage of undeliverable addresses exceeds the company's guarantees, leadsplease will refund your costs for those addresses. (the company does not, however, reimburse printing or postage costs.)


While there were many things we liked about leadsplease, we found the company's minimum order rule – each order must have at least 1,000 records – restrictive.


Caldwell list company: best broker for consumer lists


Caldwell list company is our pick for the best list broker for consumer lists. It's a family-owned company that's been in business for over 45 years; caldwell offers years of experience and a personal feel, providing recommendations and tips along with their consumer lists. Caldwell sells compiled and response lists from multiple sources, and prides themselves on knowing from experience which lists are the most responsive based on each customers' parameters.


Every caldwell customer is assigned a list specialist, who is dedicated to improving your response, and you can get your lists any way you want, including online or by phone.


Caldwell's service, with respect to its consumer lists, exceeds other list brokers we reviewed in just how precise you can segment your lists. You can sort contacts by age, income, homeownership status, parent status, children by age, renters and many other categories to help you effectively segment your mailing.


Caldwell takes it a step further with its life event lists вђ’ these are highly specific lists based on things like new births, new homeowners and new movers. Caldwell also offers hobby and interest lists.


All caldwell lists are updated monthly, checked against the national change of address (NCOA) system and are CASS certified for address verification. Caldwell has a 92% delivery rate for its postal mailing lists.


Caldwell's pricing varies, particularly for their specialty lists. We recommend that you contact caldwell for a precise quote based on your business's list needs.


We found caldwell list company to be a great vendor with a strong commitment to customer service. The main drawback of caldwell is the lack of clear pricing on their website.


Listgiant: best broker for email lists


Thanks to mobile devices, people are never too far away from their email inboxes. An email list from listgiant, our pick as the best broker for email lists, can help get your brand instantaneously in front of countless people.


With more than three decades of experience in the list broker industry, listgiant's email lists and marketing options help small businesses stay connected to their audience digitally. Every email address the company collects and sells has opted into the service. Listgiant's email lists comply with U.S. And canadian privacy laws.


During our testing, we posed as a small business owner looking to purchase email and postal addresses for both businesses and consumer households. After telling the customer service rep the general demographic we wanted to advertise to, we received the following price quote:



  • For 5,000 consumer leads, the cost was $600.

  • For 10,000 records, the price was $1,000.

  • For 5,000 business leads, listgiant quoted a price of $1,100, and for 10,000 records, the cost was $2,000.



These costs reflect a generic list of contacts; they may not reflect the price you are quoted for the demographic you are targeting.


Besides supplying you with email contacts for your small business, listgiant comes with some welcome features that should help your marketing campaign run smoothly.


In the world of email marketing lists, up-to-date information is paramount. Since email addresses can be changed easily, good list brokers update their databases frequently. In our research, listgiant updated their lists the most frequently. Their sales rep stated that their email lists are updated two to three times per month, with additional checks for other issues that may crop up. Listgiant also states that every list they sell complies with existing privacy regulations.


Our interactions with listgiant's customer service were positive. During our conversations, we were given multiple options and never felt like we were being upsold on anything we didn't need.


Listgiant is an exemplary vendor, but we did note a couple of drawbacks.


First, the company does not guarantee the accuracy of its email lists. There is a 94% to 99% delivery rate guarantee on its postal mailing lists, but listgiant's sales rep informed us that they do not guarantee email records because of the nebulous nature of email. For small businesses, spending upward of $1,000 represents a significant expense, and some assurance from the company would be welcome.


Second, while the prices we received were comparable with those quoted by other brokers, the prices for their higher count lists were more expensive than other vendors we looked at.


List broker service pricing


Since list brokers use a custom approach based on a company's needs, it's rare for them to post their pricing online. Pricing is dependent on your search criteria.


When coming up with a new list, you need to decide on a few factors. Chief among them is where you want to focus your search. Most brokers will ask you to select a specific area, like a state, county, or city, before they ask for specifics about the demographics you want to target.


For consumer lists, data points like the number of people in a household, residents' ages and occupations help you zero in on your target audience. If you're targeting businesses, you may want to include businesses with a certain number of employees or within a certain industry. In this instance, most searches will be through the use of a government-defined standard industrial classification (SIC) code.


Based on your selected criteria, the list broker can draw up a list that meets your needs. Prices will vary depending on the number of business or consumer leads included in your lists.


While the specific prices varied among the list brokers we evaluated, based on our research, most services charged 6 to 36 cents per entry. The more entries we requested in a list, the lower the individual cost would go.


Prices also depended on whether the entries were email or postal addresses, and if they were for a business or consumer list. In every instance, email lists and business lists cost more per entry than postal and consumer lists. We found prices as low as $75 for 1,000 entries and as high as $3,600 for 10,000 entries.


Buying guide


What is a list broker?


A list broker is a person or a company that collects specific, targeted lists of contacts (consumers and businesses) based on certain criteria that businesses then use for their marketing campaigns. List brokers help with data acquisition, integration and evaluation of marketing lists, and can provide valuable insight and assistance throughout the process.


Using a good list broker, your small business can get a tailored list of names, mailing addresses, phone numbers, email addresses and other contact information to send your message to.


While obtaining a person's contact information from a third party may feel likeв digital intrusion, the information sold by brokers comes from several legitimate sources. Professional list brokers get their information through extensive databases that have compiled consumer and business contacts from phone books, public records and surveys.


With a list broker's help, you can take this raw data and narrow the list down to the households or businesses you want to target based on numerous demographics. Some of the lists can be very specific, so you can maximize your business's return on investment by only reaching out to the parties likely to be interested in your brand.


A mailing list provided by a good list broker can boost public awareness of your business and get new customers through the door, whether you're looking to sell directly to businesses or to households.


How do direct mail list brokers work?


Direct mail, which includes mailers like letters and brochures, is still one of the most common forms of marketing today. If you choose to use a list broker to send your direct mail campaigns, you will first provide the list broker with criteria, such as locations or ages, that you are targeting with your campaign. The list broker then sends you a list of up-to-date names and addresses to use for your campaign.


Questions to ask about list broker services


When you're choosing a list broker service, ask the following questions:



    Does the company specialize in consumer or business lists?В consumer lists are useful if you're trying to generate more foot traffic or general interest, while business lists comprise more precise data sets that target businesses in a particular industry. In both instances, a good list broker can create a targeted list that relies on specific geographic and demographic data points.



How current are the lists?В the best list brokers update their databases regularly. Most vendors run their postal list through the U.S. Postal service's national change of address file, while email addresses are checked electronically. Most services check their lists every 30 days, though you can request that the service run a check again before providing you with the final list.



Is the data available categorized as compiled or responsive?В compiled data is largely gathered through open records, including phone books, government records and credit files. The household or business contacts on these lists can be further sorted by geographic locations, gender, ethnicity, income and age. Responsive lists are based on contact information that was volunteered in some way. They are usually gathered through sources like magazine subscriptions, catalogs and previous direct marketing responses. List broker sites often refer to these as "opt-in" lists, meaning the contacts may be more receptive to your message, but opt-in records are usually more expensive and harder to come by.



Do the lists come with any guarantees?В addresses and contact info, especially with large lists, are always in flux, so there are bound to be delivery errors and bounced mailers. Many list brokers offer a deliverability guarantee and refund your costs for items that are returned by the U.S. Postal service. However, a broker is not responsible if your campaign does not attract new customers.



Are the lists sold or rented out?В when you buy a list, it's yours to keep and use. Broker companies sometimes rent lists for temporary use. When you rent a list, you're given a set number of times that you can use the list. You enter into an agreement with the list broker that you will only use the list for the agreed-upon number of uses. Often, the rented list contains seed addresses that alert the broker if you use the list beyond the number specified in the rental agreement, which can result in fees and penalties.



  • Does the broker offer additional, direct marketing services?В some brokers design your mailers (or emails) and send them for you. Their experience can save you money and a lot of potential headaches. Of course, you can always purchase a list and use aв direct mail serviceв for fulfillment and mailing. If you are renting an email list for one-time use, most brokers typically send emails on your behalf, which also ensures their list stays private. List broker services can help you find new customers. With the help of a list broker, you can easily connect to a larger audience and open new doors for your business.



  • Benefits of using a purchased list for your direct marketing campaigns


    Direct marketing is a method businesses have used to reach new audiences for decades. It involves reaching out to a specific target audience by mail, email, or phone in hopes of converting them into customers or clients. There are three distinct advantages to including a direct marketing campaign with your company's marketing strategy.


    It boosts your customer base.


    The success of your marketing efforts depends on several factors, including your message and call to action, but to get your message to these people in the first place, you need contacts. A big factor in the success of your campaign is the quality of those contacts. Not only do list brokers provide you with lists of potential customers, but they can help you determine the audience that will be most receptive to your message.


    Direct marketing expands your customer reach.


    With a purchased list, you have the opportunity to expand your reach to new customers that you may not have found on your own. The list broker provides you with lists tailored to your exact specifications, ensuring that your marketing campaigns go to new customers who are interested in seeing what your business offers.


    It saves you time.


    It can be tedious and time-consuming to track down potential new leads. Using a purchased list service can save you serious time, which you can then devote to more important things, like fine-tuning your campaign or analyzing results.


    Types of list broker services


    There is a variety of list broker services that cater to different marketing needs. The most common types of list broker services are:



    • Consumer

    • Business

    • Email

    • Direct mail



    List brokers, list managers and list compilers


    There are three types of vendors in the mailing list industry: list brokers, list managers and list compilers.


    List brokers are intermediaries between you and the owner of the list you are interested in purchasing. Brokers recommend the best lists for your marketing campaign; they handle mailing dates and order the lists. Brokers also negotiate for the best lists and deals for your campaign.


    List managers work to generate the most revenue for a list. They promote their lists to brokers and marketers for future campaigns. Managers also maintain lists, ensuring they are accurate and up to date.


    List compilers produce the lists. They are familiar with the sources they get their data from and generally deal in bulk listings of hundreds of thousands of entries.


    How to choose a list broker


    It can be difficult to choose which list broker service is right for you and for the marketing campaign you're running. There are many factors to consider, such as your marketing goals and the type of lists the service specializes in.


    Your starting point, first and foremost, is to decide what kind of list you require: consumer or business. Many broker services offer both, and some specialize in one or the other. Next, which channel are you using for your campaign: direct mail or email? Third, try to pinpoint your target customer. What is their age? Is there a specific location you have in mind? What is their gender? Segmenting your list based on specific criteria can boost your chances that your marketing efforts go to leads who have the potential to become customers.


    Fourth, ask the broker how they compile, maintain and update their lists, since it is vital that the lists you use are accurate. Check to make sure the list broker maintains their lists by:



    • Removing duplicates

    • Identifying undeliverable or incorrect addresses

    • Removing opt-outs regularly

    • Updating lists at least monthly

    • Disclosing their list sources



    Finally, check whether the service is a CASS-certified vendor. CASS, the coding accuracy support system, is a program created by the USPS to test and improve the accuracy of address-matching software and postal coding. The goal of CASS is to reduce undeliverable, unsortable or difficult-to-deliver mail. A service with a CASS certification has a higher level of accuracy and is more likely to deliver legitimate lists.


    You can also check whether the list broker works with the national change of address system to regularly update their lists and ensure all their addresses are as current as possible.


    List broker service faqs


    How do list brokers work?


    A list broker connects you to extensive databases with contact information for consumers and businesses. These databases are assembled from various sources, including phone books, public records and surveys. Records can include names, addresses, phone numbers, and email addresses of people or businesses you're trying to market your products or services to.


    List brokers help you narrow your list of consumers or businesses to those likely to be the most receptive to your mailers, emails or telemarketing calls.


    What is the difference between a list broker, list manager and list compiler?


    In the mailing list industry, there are list brokers, list managers and list compilers.


    List brokers recommend the best lists for your marketing campaign, handle mailing dates and order the lists.


    List managers promote their lists to brokers and marketers for future campaigns. Managers maintain and update lists while ensuring the lists are attractive to potential buyers or renters.


    List compilers produce the lists. They are familiar with the sources they get their data from and generally deal in bulk listings of hundreds of thousands of entries.


    Should I rent or buy a list?


    Whether you buy or rent a list will largely depend on your needs. Renting a list is usually single use, which means that you pay to use the list once, and do not own the data. If you plan to regularly use list brokers, renting can be expensive, but it is a cost-effective option if you only do it once or twice.


    When you buy a list, you own the data and can use it for as long and however you like, as long as you don't resell it.


    Our methodology


    To find the best list broker services, we started with 25 vendors. We researched each list broker thoroughly, evaluating their pricing, the accuracy of their lists, the services they offered and how often they updated their lists.


    We then eliminated vendors that had low guarantee rates, were not U.S.-based, did not categorize their lists or were too expensive. We also eliminated vendors that did not have good online reputations whether from online reviews or the better business bureau.


    This narrowed the list to 12 services. We grouped the 12 remaining vendors into the three best pick categories: best overall, best for consumer lists and best for email lists. We reached out to each service's customer support to experience how helpful and responsive they were and asked questions around how lists are sourced, how often the lists are updated, and what the process of buying or renting a list looks like.


    Finally, we narrowed down the list to our three best picks based on the above criteria.


    Community expert insight


    As part of our review, we reached out to our community of small business owners about which list broker services they use and recommend.В here are their recommendations.


    Leadsplease


    "leadsplease has a winning platform," said ravi parikh, CEO of roverpass. "they offer a leads development structure that can be suited to your specific business needs. You can choose your file format and generate a comprehensive list that is on point."


    "leadsplease is very easy to use. The UI is clean and simple and doesn't get in your way, so you can get what you need in various formats and then get out," said jake hill, CEO of debthammer.


    Listgiant


    "they're very accessible and good for long-term use," said dan bailey, president of wikilawn lawn care. "they're a bit pricier than some of the other options on the market, at least for the high-yield options. We went with listgiant because they had the kind of lists that were most useful to us. They're targeted, focused, and we can use them as many times as we need."



    Top 15 broker-dealer firms for 2020


    What is a broker-dealer?


    A broker-dealer firm buys and sells securities for clients but also executes trades for its own benefit. In other words, it is a broker when it trades for clients, and it is a dealer when it buys and sells for itself.


    In the united states, the regulatory term "broker-dealer" can describe an individual or a firm (a general partnership, a limited partnership, limited liability company, corporation, or other entity). Many broker-dealers are online platforms. A broker-dealer conducts the business of buying and selling securities by filling one of two roles in a transaction.  


    A broker-dealer performs two roles. They are both a broker, when they trade for a client and charge a commission, and a dealer, when they trade for themselves.


    If the broker acts as an agent, the broker-dealer takes the action required to trade a security. The broker does not have any of their own money at risk but connects their client with other broker-dealers for which they are paid a commission.


    If the broker-dealer acts as a dealer, they are a principal in a transaction: the broker-dealer is buying or selling a security from or for a customer. In this case, the broker-dealer must disclose, in writing, that they are acting as a dealer and explain all charges and compensation. These brokers are also called market makers.


    Key takeaways



    • A broker-dealer firm buys and sells securities for clients and for itself.

    • There are two types of broker-dealers. A wirehouse sells its own products, whereas an independent broker-dealer sells products from outside sources.

    • If a broker-dealer has significant assets-under-management, it is usually a positive sign in terms of their expertise.

    • When choosing a broker-dealer, an investor should consider many factors such as their fees, their assets-under-management (AUM), how much personal attention they provide, and their status with the financial regulatory authority (FINRA).


    Ranking broker-dealers


    There are two types of broker-dealers. One type is a wirehouse or a firm that sells its own products to customers. The other type is an independent broker-dealer that sells products from outside sources. There are more than 3,500 broker-dealers from which to choose, according to the most recent data from the financial industry regulatory authority (FINRA).   the purpose of ranking the top 15 broker-dealer firms is to provide a reference for the most established and stable companies in this field.


    It is nearly impossible for an individual to research each individual broker-dealer given the vast numbers that exist. You must narrow your focus. One way to do that is to begin by looking at broker-dealers that attract a lot of money from clients or have the most assets under management (AUM). Significant AUM can be an indication that a broker-dealer has performed well.


    Below is a list of the top 15 broker-dealer firms based on AUM numbers available from the companies as of october 25, 2018. We avoided ranking broker-dealers by the number of advisors in the firm because this figure does not reveal how much money the firm handles. For those who want to play it safe and use a broker that has a significant presence, this list is a good starting point.



    Broker list


    Broker list, broker list.


    The CRE community's first FREE online platform for finding brokers, deals, services and vendors



      Brokers, agents, managers
      post profiles, haves, wants; find deals & co-brokers


    Broker list, broker list.


    Who is using thebrokerlist.Com?


    Find a commercial real estate
    broker by location


    Who is it for?



    • Brokers, agents, managers
      post profiles, haves, wants; find deals & co-brokers

    • Investors
      find brokers, deals and services in selected markets

    • Marketplace vendors
      offer services & products tailored for CRE

    • Associations
      expand your member benefits; connect your members to brokers anywhere


    What you can do with thebrokerlist


    Some of the businesses using thebrokerlist



    Testimonials


    "we truly appreciated what you are doing for us, and we are eager to see continued growth and success for thebrokerlist, which will ultimately lead to the further success of SVN | southland commercial and everyone else who partners with you."


    "it turns out there is innovation bubbling in the CRE industry after all."


    Who is using thebrokerlist?


    Some of our current 3954 businesses using thebrokerlist:


    Create your pitch


    Tell the potential clients or referring brokers - why should they should hire you? Experience, credentials, clients, whatever tells your story. Give the world your best pitch. Referral fees and deal types? Let your fellow cre brokers know what to expect when doing a deal with YOU.


    Create list


    Organize the cre brokers you need to connect with for your next project. Create target market lists to avoid spam and stop annoying unwanted email. Use the right brokers for the right project.


    Identify specific brokers and save searches


    Get organized and ready to send your HAVE messages. Find those brokers and save the searches for easy access and speed.


    Add HAVES and distribute to created lists


    Focus the message to your fellow CCIM members or SIOR colleagues only. Pinpoint the message to only those you wish to receive your HAVE. This is a fast on the fly way to get your message heard BEFORE you waste tons of time entering all of that data on the listing sites! Nobody has time so just blast a message. Also, show clients how fast you can move that property.


    Add WANTS and distribute to created lists


    Just post your WANT to ask your colleagues. The only way to ask all cre stakeholders in one central location.



    Top 15 broker-dealer firms for 2020


    What is a broker-dealer?


    A broker-dealer firm buys and sells securities for clients but also executes trades for its own benefit. In other words, it is a broker when it trades for clients, and it is a dealer when it buys and sells for itself.


    In the united states, the regulatory term "broker-dealer" can describe an individual or a firm (a general partnership, a limited partnership, limited liability company, corporation, or other entity). Many broker-dealers are online platforms. A broker-dealer conducts the business of buying and selling securities by filling one of two roles in a transaction.  


    A broker-dealer performs two roles. They are both a broker, when they trade for a client and charge a commission, and a dealer, when they trade for themselves.


    If the broker acts as an agent, the broker-dealer takes the action required to trade a security. The broker does not have any of their own money at risk but connects their client with other broker-dealers for which they are paid a commission.


    If the broker-dealer acts as a dealer, they are a principal in a transaction: the broker-dealer is buying or selling a security from or for a customer. In this case, the broker-dealer must disclose, in writing, that they are acting as a dealer and explain all charges and compensation. These brokers are also called market makers.


    Key takeaways



    • A broker-dealer firm buys and sells securities for clients and for itself.

    • There are two types of broker-dealers. A wirehouse sells its own products, whereas an independent broker-dealer sells products from outside sources.

    • If a broker-dealer has significant assets-under-management, it is usually a positive sign in terms of their expertise.

    • When choosing a broker-dealer, an investor should consider many factors such as their fees, their assets-under-management (AUM), how much personal attention they provide, and their status with the financial regulatory authority (FINRA).


    Ranking broker-dealers


    There are two types of broker-dealers. One type is a wirehouse or a firm that sells its own products to customers. The other type is an independent broker-dealer that sells products from outside sources. There are more than 3,500 broker-dealers from which to choose, according to the most recent data from the financial industry regulatory authority (FINRA).   the purpose of ranking the top 15 broker-dealer firms is to provide a reference for the most established and stable companies in this field.


    It is nearly impossible for an individual to research each individual broker-dealer given the vast numbers that exist. You must narrow your focus. One way to do that is to begin by looking at broker-dealers that attract a lot of money from clients or have the most assets under management (AUM). Significant AUM can be an indication that a broker-dealer has performed well.


    Below is a list of the top 15 broker-dealer firms based on AUM numbers available from the companies as of october 25, 2018. We avoided ranking broker-dealers by the number of advisors in the firm because this figure does not reveal how much money the firm handles. For those who want to play it safe and use a broker that has a significant presence, this list is a good starting point.



    Fxdailyreport.Com


    Till about a decade ago, you had to make use of the telephone if you wanted to invest in the financial markets. You had to call up your broker for placing as well as closing orders. Introduction of online trading has, however, simplified every aspect of the investment process. You can carry out trades from the convenience of your home or on-the-go using the platform provided by brokers. Sounds simple, but the problem is there are umpteen number of forex brokers that offer trading platforms out there in the market. And, you need to work with the best forex broker if you want to achieve your financial goals. So, it all boils down to identifying the right broker to work with and it is definitely not an easy task. Read on to find out as to how you can identify the best forex brokers. In this post, various aspects you need to take into consideration when choosing a forex broker are discussed in detail so that the selection process becomes simpler and easier for you.



    Brokerinfobonusopen account
    min deposit: $5
    spread: from 0.2 pips
    leverage: 500:1
    regulation: FSA (saint vincent and the grenadines), cysec
    50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win. Visit broker
    min deposit: $1
    spread: from 0 pips
    leverage: 3000:1
    regulation: cysec, IFSC
    $100 no-deposit bonus, 100% deposit bonus visit broker
    min deposit: $5
    spread: from 0 pips
    leverage: 888:1 “*this leverage does not apply to all the entities of XM group.”
    regulation: ASIC, cysec, IFSC belize
    “50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program” visit broker
    min deposit: $1
    spread: from 0 pips
    leverage: 2000:1
    regulation: FCA UK, cysec, FSP, bafin, CRFIN
    35% of the account deposit visit broker
    min deposit: $100
    spread: starting 0 pips
    leverage: up to 400:1
    regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA
    visit broker
    min deposit: $300
    spread: floating, from 0 pips
    leverage: 500:1
    regulation: FCA UK reference number 579202
    visit broker
    min deposit: $200
    spread: starting 0 pips
    leverage: 500:1
    regulation: ASIC australia, FCA UK
    visit broker
    min deposit: no minimum deposit
    spread: 1.2 pips
    leverage: 50:1
    regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC
    visit broker
    min deposit: $10
    spread:
    leverage:
    regulation: cysec
    - visit broker
    min deposit: $200
    spread: from 3 pips
    leverage: 400:1
    regulation: NFA, FCA, cysec
    visit broker
    min deposit: $100
    spread: starting 0 pips
    leverage: up to 500:1
    regulation: FCA UK, ASIC australia, MAS singapore
    visit broker
    min deposit: $1
    spread: fixed spread from 3 pips
    leverage: up to 1:1000
    regulation: CBR, cysec and FFMS
    30% forex deposit bonus visit broker
    min deposit: $250
    spread: as low as 0.1 pips
    leverage: up to 400:1
    regulation: ASIC australia and FCA UK
    visit broker
    min deposit: €100
    spread: the spread can be as low as 0.01%” (0.01% = spread for EUR/USD)
    leverage: 1:294
    regulation: ASIC, cysec, FCA (UK)
    visit broker
    min deposit: $100
    spread: starting from 0.9 pips
    leverage: 400:1
    regulation: MIFID, FSB & ASIC
    visit broker


    Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.


    Main parameters to be checked for identifying the best forex brokers:


    top recommended best forex brokers


    #1: regulations and licenses


    It is highly recommended that you choose only forex brokers that are regulated or authorized by leading regulatory bodies such as commodity futures trading commission (CFTC), national futures association (NFA) and financial conduct authority (FCA in UK), among many others. This is because regulated brokers are more reliable than their non-regulated counterparts. Further, your hard earned money remains safe with such brokers for two reasons: they will be appropriately capitalized and they maintain segregated accounts for theirs as well as traders’ funds.


    #2: forex trading platform


    The online trading platforms that recommended forex brokers provide would not only be simple, but also intuitive and easy to operate or navigate. It, therefore, makes sense to try out a few online forex platforms and see for yourself as to which one has a better user interface and is easily navigable.


    #3: customer support services


    Customer support is a key aspect that you need to evaluate. Best fx brokers would often be aware of the needs of the traders and provide good, efficient and responsive customer support services. During the course of trading forex on an online broker’s platform, there will be times when you need certain time sensitive clarifications. If the customer support service of the broker you are planning to work with is not good enough, you could end up losing money. It is, therefore, recommended that you evaluate the brokers’ customer support service both by speaking to their representatives on telephone and by communicating with them through email.


    Leverage offered for forex trading varies from one broker to another. If the leverage is high, the trader can make more profits. However, the risk of accumulating losses is also equally higher. Therefore, you should choose a broker that offers leverage suiting to your needs and based on your style of trading.


    Brokers often try to attract you by offering high capital bonuses when you make your first deposit. This is good because you get more money for trading. You can choose the broker that offers the highest first deposit bonus, but you should make sure other aspects discussed above and those that are discussed below suit your needs.


    #6: deposits and withdrawals


    It is important that you understand the brokers’ policies related to deposits and withdrawals. The features to be evaluated when choosing top forex brokers are minimum amount to be deposited to start trading, deposit methods offered, currency options provided, minimum withdrawal amount specified and waiting time for withdrawals, among others. Further, it makes sense to go through all other written policies in detail.


    Brokers make money by charging a fee for each of the trading transactions that you execute on the forex trading platform provided by them. As far as the broker and you are concerned, the significant source of revenue would be the spread, the difference between ask and bid prices. It pays, therefore, to check as to how the brokers you have shortlisted handle spreads:


    Do they offer fixed or variable spreads?
    What is the average and maximum spread for the currency pairs that you are planning to trade?
    What spreads are offered when the volatility is very high?
    Do you have to pay any commission for each trade apart from the spread?


    Before buying a car, you always go for a test drive. Similarly, look for forex brokers that offer demo accounts. This helps you to open a practice account. You can try out their platform and find out for yourself as to which of the shortlisted brokers is best suited to your requirements. Most brokers offer practice accounts these days. So, it is easy for you to get a feel of the brokers’ platform before committing to depositing money and trading.


    #9: other parameters for identifying the best forex brokers


    The forex brokerages that offer very low account minimums can be considered for evaluation under the category “best forex brokers”. This is good because you don’t have to deposit large amounts of money in order to trade forex. Minimum account balance can be as low as $5 in the case of some of the reliable forex brokers.


    Online forex brokers often try to snatch business through promotions. Do not fall prey to their sales gimmicks. Best forex brokers would never make unbelievable and unachievable promotional offers. It is true that cash and prizes form part of the game, but they should be reasonable.


    Another aspect to look for when evaluating online forex brokers is the educational services offered by them. This helps you to master the art of forex trading. Brokers that provide you with a variety of educational tools for assisting you in assessing the forex market are the best forex brokers to work with.


    Why expert traders trade with regulated forex brokers


    If you’re looking to become a successful forex trader, then working with a skilled and trustworthy broker is very crucial. In the forex market, the two main types of brokers you’ll get include the regulated and the non-regulated brokers. Obviously, the former typically operates under regulations stipulated by a forex regulator. Regulated forex brokers must also be fully licensed and registered in their country of operation, unlike their non-regulated counterparts.


    Role of regulation


    Of course, the role of regulation in forex market cannot be underestimated. Regulation ensures that all players in this booming industry are strictly supervised. This way, merchants are protected from the many unscrupulous traders out there looking to swindle them off their hard earned money. Another thing, regulation also builds trust between merchants and their brokers, since most merchants don’t have enough time to monitor every investment.
    Let’s take a quick look at some of the leading regulatory agencies:



    • CFTC and NFA: commodity futures trading commission and national futures association, regulate the financial services sector in united states of america (USA).

    • Cysec: the cyprus securities and exchange commission is the regulatory watchdog within the cysec domain. It offers services to the EU member states.

    • FCA: the financial conduct authority regulates the operations of over 56,000 financial services and companies in the UK.

    • ASIC: the australian securities and investment commission regulate the financial services sector in australia.

    • FSB: the financial services board is a south african agency which oversees functioning, regulation, and licensing of south african forex brokers.

    • Bafin: bafin is a financial supervisory authority providing its services to forex companies in germany.



    Advantages of regulated forex brokers


    With regulated brokers, you’ll always have some peace of mind when carrying out your real-money transactions. To expound more, here are the main reasons why expert traders prefer regulated brokers:


    1. Credibility


    It’s an open secret that most of us like to deal with trusted organizations, especially when money is involved. That being said, the credibility of any forex broker is greatly enhanced if the company is regulated by the relevant agencies. Remember that all regulated forex brokers are mandated to follow some strict rules put in place by their respective regulatory bodies. Furthermore, their regulatory bodies expect them to regularly present a copy of their audit report. Therefore, if a broker is listed on its regulatory body list, then it’s safe to say that the forex broker has fully complied.


    2. Compensation


    Getting compensated in case of any unfortunate scenario is arguably the best reason why most expert traders opt for regulated brokers. With most regulated brokers, you can rest assured that all your hard earned money will be refunded in case your brokerage firm goes down. For example, brokers operating under cysec are required to remit their contribution to the ICF (investor compensation fund). This pool of funds is to help settle any form of customer claims in case of any eventuality.


    3. Effective customer service


    Before choosing a forex broker, it’s always recommended that you settle for one who can effectively and immediately resolve all customer issues. In this case, most regulated brokers are always competent enough when dealing with technical support or account issues. In addition, they are very helpful and kind during the whole account opening process.


    4. Quick deposits and withdrawals


    Any reputable forex broker will allow their merchants to make deposits and withdrawals without any hassle. A regulated broker should have no reason whatsoever to make your earnings process difficult because they don’t have control over your funds. All they have to do is to facilitate the platform to make it convenient enough for you to trade.


    5. Updated trading platform


    Most regulated brokers are mandated by their respective regulatory authorities to provide their clients with the latest, powerful, and easy-to-use trading platforms. In fact, most of their platforms will readily provide you with all that you need to begin trading immediately. You’ll get a lot of educational materials including webinars, videos, articles, seminars, and e-courses at no extra charge. It goes without saying that regulated brokers also offer their clients free demo accounts to help them sharpen their skills before going live.


    6. Legality


    All over the world, governments are struggling to deal with issues concerning money laundering. Some of them have even gone ahead to pass very strict anti-money laundering laws. So to be on the safe side, you should always trade with a regulated broker. Most regulated forex brokers will ask you to provide some of your personal identification documents such as proof of address and photo ID. This might sound tedious to you but it’s always safe to be part of a regulated organization that can prove your money is being used in a legal way.


    To sum it up, regulated forex brokers are always the best as well as the safest option to trade with. This is because they are always ahead in terms of legality, security, and safety of your funds. All in all, you can manage your risks better if you opt for a regulated forex broker.


    Understanding true ECN vs STP broker


    The foreign exchange market, also known as currency market, is a universal decentralized market that provides traders an opportunity to trade currencies. It is a market which incorporates all aspects of buying, selling, and exchanging currencies at the present-day or determined rates.


    There are different kinds of forex brokers that you can choose to trade forex with. However, though all the brokers in forex are intended to provide a similar basic solution, the way they operate behind the scenes is different. Different types of brokers have varying techniques of operation, and the specific broker you cooperate with can significantly determine your success rate as a forex trader. Here are some crucial factors that will enable you determine which broker between a true ECN and STP broker is the best one to trade forex with:


    Understanding true ECN vs STP broker


    True ECN i.E. Electronic communications network brokers operate without their individual dealing desk. These brokers provide an electronic trading platform where professional market makers at monetary organizations such as banks, and other online trading participants including traders can enter bids and offers through their particular systems.


    STP i.E. Straight through processing brokers are brokers without a dealing desk also. These brokers apply some of the techniques utilized by market makers to provide their particular clients with trading conditions which are more flexible. By STP brokers hiring some of the tactics of market makers, they are able to bypass the limitations connected to trading exclusively within the interbank market.


    General overview of true ECN and STP brokers



    • Use of scalping techniques



    True ECN and STP forex brokers do not care about how much their particular traders make. Therefore, these types of brokers allow traders to utilize scalping techniques to close their respective positions. Note that false ECN and STP brokers cannot allow you to use scalping techniques as a trader since they will be disadvantaged anytime you make small profits.


    True ECN and STP brokers are types of forex brokers without a say when it comes to control on spread provided. These brokers have no control on spread offered since it’s the liquidity provider that determines the spread which is to be provided.


    Though true ECN and STP brokers can add markups when necessary, they cannot in any way take it further down than the amount provided.


    Difference between true ECN and STP brokers



    • Commission charged



    On true ECN accounts, as a trader you will be required to pay a fixed commission to open and close trades. The spreads offered on true ECN accounts are determined by the rates of liquidity providers.


    When using STP accounts as a trader, you will not be required to pay any commissions.


    Pros of trading forex with a true STP broker



    • Cannot bankrupt themselves



    True ECN brokers cannot trade against their specific clients to bankrupts themselves.



    • Similar price rates



    If you are a forex trader, trading with a true ECN broker means you are guaranteed of price rates that are similar to those of the interbank market.



    • Negative balance protection



    As a trader utilizing the trading account of a true ECN broker, the broker will be accountable for any dues with liquidity providers should your account read negative as a result of any reason beyond their control.


    Cons of choosing a true ECN broker


    Dealing with a true ECN broker will require you to pay rollover fees and commission at times.


    Pros of trading forex with an STP broker



    • Their rates and the interbank prices are same

    • They provide their clients low entry capital requirements



    Cons of choosing an STP broker


    Choosing an STP forex broker means when you enter a trade you’ll not be informed what spread to expect.


    Most true ECN and STP brokers are linked to several liquidity providers at the same time period. Despite both true ECN and STP brokers having incredible trading solutions which can meet your needs as a trader, their terms of operation vary. Whether you will choose a true ECN or STP broker, the rule of thumb is always ensuring you minimize losses and maximize profits as much as you can when trading forex. Ensure you compare carefully the terms of service of both a true ECN and STP broker before you choose one to handle your trading needs.





    So, let's see, what was the most valuable thing of this article: list of top 25 the best forex brokers in 2021 for buy sell major currency, lets compare our fully regulated online trading company and platforms. At broker list

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