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Originally Posted by firedave
A broker with dealing desk, doesn't mean it will be automatically a bad broker. It's only mean they don't throw our order directly to the market. And so far I only know very few non-dealing-desk broker, such as HotSpotFX, Interactive Brokers, MB Trading, and CoesFX. I have live account with FXDD for over than one year now, and don't have any problem. But really interesting to try trade using non-dealing-desk broker such as MB Trading who provide a mini account. Just my two cents  |
Any forex broker that offers mini-lots automatically has a dealing desk. The interbank market does not understand or accept mini-lots, only standard lots. Because of this, the brokers have to use a dealing desk to "collect" enough mini/micro/nano lots to create 1 standard lot.
If you notice Hotspotfx and Coesfx only trade standard lots. That is because it is the only way to do it. I hope this helps.