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Formador de Mercado vs Sin Mesa:? ¿Cuál es el mejor corredor para usted
Antes de hacer una elección entre los corredores de NDD y los corredores de MM, es esencial para entender lo que los dos modelos de corretaje se trata.
¿Qué es un MM (creador de mercado) Broker
corredores de MM se refieren a los corredores que están clasificados como creadores de mercado. Estos son los intermediarios que operan una mesa de operaciones, por lo que ‘hacen que el mercado’, actuando como intermediarios a gran escala entre los comerciantes y los proveedores de liquidez. Los creadores de mercado tienen las siguientes características:
- Market makers act as trade counterparties. How do they do this? They make the market by pushing in liquidity to buy up positions from the liquidity providers, then splinter these into smaller chunks and resell same to their clients. Since they are basically reselling positions with marked up spreads, they are basically the opposing side to any position taken on the platform. So they buy from traders who are selling and sell to traders who are buying.
- Market makers operate a dealing desk. All orders placed by their traders go through a specialised department called the dealing desk, which is essentially a trading station that handles and routes orders from traders.
- Market makers offer their clients fixed spreads.
- Market makers do not charge a commission. Their compensation comes from spreads and also from counter-trading traders in losing positions.
- The price quotes that are sent to traders are not the same as those which come from the liquidity providers. The quotes are usually marked up.
Pros Market Brokers Maker
- Market makers typically do not require high initial deposit amounts from their clients.
- Spreads are fixed.
- Platforms of market makers are typically more user-friendly, since most of their clients are not professional traders.
- Market makers provide a lower entry point for traders since their activity boosts liquidity in the forex market.
Contras de Agentes de Mercado Maker
- Price quotes are different from that sent by liquidity providers, thus opening the way to price manipulations. Stop hunting is a popular method of price manipulation by market makers.
- By acting as both umpire and the opposing player, market makers do not provide conditions that favour transparency and fairness in trading activity.
- Requotes is a common complaint with market maker brokers.
¿Qué es una Sin Mesa (DDN) Broker
corredores de la divisa NDD es la segunda categoría de corredores. Estos son los corredores que tienen las siguientes características:
- Do not operate a dealing desk. This means that they merely act as an intermediary between the trader and the price provider (major banks or liquidity providers).
- NDD brokers pass on the trader’s orders straight to the major banks (straight-through processing) and do not make the market. This enables trades to be carried out electronically without human intervention.
- Due to the fact that processing of orders is directly from liquidity provider to end-user (trader), there is a lower chance of requotes and there is no need for traders to confirm orders before their orders are executed when prices are moving rapidly.
- NDD brokers make their money by charging a commission on both sides of an order (entry and exit), as opposed to the spread.
También hay que sub categorías de corredores NDD:.
- STP corredores de la divisa
- ECN corredores de la divisa
la diferencia entre los dos modelos es que mientras que el modelo STP veces ofrece un número limitado de proveedores de liquidez, corredores ECN tienden a ofrecer más proveedores de liquidez y por lo tanto dar a los operadores una mejor opción en los precios. Esta es una distinción importante porque algunos corredores pueden afirmar que es un broker STP DDN y simplemente encaminar sus órdenes a una fuente de liquidez individual, un corredor de MM, que también propio. Algunos corredores también pueden correr un modelo híbrido en el que se ejecutan las operaciones de mayor tamaño a través del modelo de STP y sus comercios más pequeños a través de un modelo de MM tradicional. Esto se debe a que los proveedores de liquidez no aceptarán los comercios más pequeños que son posibles a través del modelo MM.
Pros de Trading Non Dealing Desk corredores
Los principales beneficios del comercio con los corredores NDD son:
- Anonymity of trading process. Many retail brokers have expressed concern from their trading experience that certain moves that went against them felt like someone was actually watching their positions. In fact, this is true with MM brokers. But when you trade with NDD brokers, your orders are executed anonymously with no dealing desk department monitoring your every move.
- Better fills: Traders who use NDD brokers get better fills without slippage for their orders. This is because there is the option of choosing from several price quotes from different liquidity providers, and this provides for a more open market without requotes.
- Transparency: With NDD brokers, what you see is what you get. The broker is not the counterparty. Therefore, a situation where the opposing player is also the umpire does not arise.
- Better spreads, albeit variable: Since there are several liquidity providers providing different bid and ask prices, traders have the opportunity to make a choice of the best pricing for their positions.
contras de comercio con NDD Brokers
Aunque hay son muchas las ventajas con los corredores NDD y hay algunas desventajas. Las principales barreras para el uso de un corredor de NDD incluyen:
- Costly trading: Perhaps the most striking disadvantage of trading with NDD brokers is the cost of trading. In addition to paying spreads, traders must also pay a commission on both the entry and exit side of the trades. Imagine losing a trade and still having to pay a commission for entering and closing such a trade. It is quite painful to do this but that is how it is when trading on the platform of a NDD broker.
- During period of high market volatility, spreads can widen considerably, thus adding to the cost of trading.
- High capital requirements: NDD brokers typically request for high initial deposits for account operation.
El factor principal para seleccionar un corredor de MM o NDD
Típicamente, los comerciantes con una pequeña cantidad de capital sólo se puede abrir y llevar sus cuentas con corredores tratar escritorio o creadores de mercado. Esto se debe a que los requerimientos de capital son mucho más pequeñas y las plataformas que se ofrecen son más fáciles de usar. Debido a que los corredores de NDD cobran una comisión por operación o en un volumen por mes, no es económico para los pequeños comerciantes utilizar un corredor DDN. Más a menudo que será más barato para un operador con una cuenta más pequeña utilizar un corredor MM ‘sin comisiones’, en el que sólo están pagando la diferencia en la propagación por el comercio. Por lo tanto el factor principal será el tamaño del depósito y la actividad comercial. Si usted es un comerciante de alto volumen y cumple con los requisitos mínimos de depósito para una cuenta ECN, un NDD es generalmente la mejor opción. Por ejemplo, para calificar para una cuenta ECN con LCG, los clientes tienen que mantener un saldo mínimo de cuenta $10.000. Además de eso, para tener derecho a su nivel más bajo de la comisión, los clientes deben tener un volumen de negocio de más de $2 mil millones por mes.
