Are There No Good Brokers Left?

That’s what he said:

“I have been trading for about 15 years with many different types of brokers, but mainly within the euro area. And to mine overall experience. I have divided those brokers into two different groups. Those groups we refer to in the broker industry is: A-book and B-book

Let’s start with B-book, it is referred to as a Market Maker. Therefore when you are trading you are not trading on a live market feed. Instead you are trading on the feed of the broker itself in which they have control of 100% of your trades. I have noticed this after comparing the prices between brokers that a Market Maker had a higher price versus the A-book broker on most assets.

Now for A-book, A-book is referred to “STP”, which stands for straight through processing. With this model of trading you are basically trading on the live market but every time you open a position the broker takes a small commission, which I find is the most user-friendly win-win side of the situation.

Therefore it is in the best interest of the broker that I earn money and continue earning money to generate a larger volume of trades which means more commission for the broker and more success for me.

I’ve come across a few brokers that claim to be fully STP meaning that they don’t have a B-book or a dealing desk, but only one of them seems to have met my expectations in every way, 4XC also provided all of the materials and resources with no charge whatsoever, which is a good sign that they are actually looking to better my success.

I’ve been trading with 4XC for the past year, and so far I don’t have any complaints, and I now understand what it’s like to have real market trading experience”.