ECN vs DMA vs STP vs Market Maker

ECN vs DMA vs STP vs MM - Difference Table: ECN brokers vs DMA brokers vs STP brokers vs Market Maker Forex brokers. Detailed Comparison at a glance.

ECN vs DMA vs STP vs MM

MM
Full Name : Market Maker
Broker structure : DD
DEaling Model : Dealing Desk
Execution : Instant Execution
Dealing model : fixed
Execution : Instant Execution
Spreads : Fixed
Pricing : 4 & 5 Digits
Commission : No
Who is on the other side of your trade : Your Broker
Conflict of interests : Yes
Speed of execution : Regular
Re-qoutes : Yes
Slippage : Yes
News trading : No
Scalping : No & Yes
Deposit requirements amount : Low
Spread cost : High

STP

Full Name : Straight Through Processing
Broker structure : STP + NDD
DEaling Model : No Dealing Desk
Execution : Instant & Market Execution
Spreads : Fixed & Floating
Pricing : 4 & 5 Digits
Commission : No
Who is on the other side of your trade : Other send to another broker
Conflict of interests : No
Depth of the Market (DOM) : No
Speed of execution : Regular
Re-qoutes : Yes
Slippage : Yes
News trading : No
Scalping : No & Yes
Deposit requirements amount : Low
Spread cost : Avarage

DMA
Full Name : Direct Market Access
Broker structure : DMA + STP + NDD
DEaling Model : No Dealing Desk
Execution : Market Execution
Spreads : Floating
Pricing : 5 Digits
Commission : No & Yes
Who is on the other side of your trade : Orders sent to several other brokers/banks
Conflict of interests : Yes
Depth of the Market (DOM) : Yes & No
Speed of execution : Fast
Re-qoutes : No
Slippage : Yes
News trading : Yes
Scalping : Yes
Deposit requirements amount : Avarage
Spread cost : Low

ECN

Full Name : Electronic Communication Network
Broker structure : ECN + DMA + STP + NDD
DEaling Model : No Dealing Desk
Execution : Market Execution
Spreads : Floating
Pricing : 5 Digits
Commission : Yes
Who is on the other side of your trade : Orders sent to the ECN network
Conflict of interests : No
Depth of the Market (DOM) : Yes
Speed of execution : Fast
Re-qoutes : No
Slippage : Yes
News trading : Yes
Scalping : Yes
Deposit requirements amount : High
Spread cost : Very Low

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