Since I continue to get requests from traders wanting to know who is offering a non-dealing desk trading platform, the thought has occurred to me that I could be making millions as an introducing broker but that creates a bit of a dilemma. When I decided to publish this blog, I made a promise to myself to create a non-commercial platform traders could rely on to get the straight skinny. As it stands right now, I go to bed with a clear conscience and I plan to keep it that way. Instead of providing readers with a the names of non-dealing desk brokers, I’ve decided to post the names of those known to operate a dealing desk.. It’s certainly not a complete listing, but that’s where I’m counting on my readers for a little assistance.
If you know of a broker or their shills (introducing brokers) offering commission free trading, fixed spreads, single quotes per currency pair, mini and micro-mini accounts, not listed here let me know. After I’ve had a chance to confirm that they are operating a dealing desk broker or referring traders to one I’ll add them to the list. I will not be responding to individual emails addressing this issue other than to acknowledge the fact that I received it.
1st Direct Futures (IB)
1 World Forex
4XDirect
4XFindMe (IB)
ACM (Alternative Capital Management)
AC Markets
Admiral Investments & Securities
Advanced Currency Markets SA
Advanced Markets, Inc.
AFXI
AKForex
Akmos Trade
AlaronFx
Alpari
Amifx
ANCO Fx
Apex Forex
CagcoTrading
Castle FX
CBFX
CFOS/FX
Charter FX
CMC Markets
CMS Forex (Capital Market Services)
Compass FX
Crown Forex
Currency Connect Trading
dbFX
Deal4Free (CMC Markets)
Delta Stock
DIF Broker
Direct Forex
Easy-Forex
ECN Broker
Enet Speculation
Express Trade
FEXCA
Fibogroup
Fibogroup Canada
Finotec Group
Forex.com (Gain Capital)
Fx Dealer Direct
Forexhsi
Fox Forex
Frieberg Direct
FxActive
FxAdvantage
FXCH
FXCM (Forex Capital Markets)
FXDD
Fx Euro Club
FxInternational Group
FXITG (Forex International Trading Group)
FXINTL
FxInvest Online
FxProForex
FxShell
Fx Solutions
FxStreet (IB)
Fx Trading
FxUniversal
Gain Capital Group (Forex.com)
GCI Capital
GCI Financial
GFT
GFXFOREX
GFX
Global Bank FX
Global Forex Market
Global Forex Trading
Goldberg Forex Group
GTL Trading
High Steet Networking
IFC Markets
IFX Markets
IG Markets
Interactive Brokers
InterbankFX
InterBank Group
Itg Forex
Kerford Investments
Marketiva
MDI Corp
MetexInvest (FXCM IB)
MG Financial Group
Mfgfx
MIGFX
Millenium Penta Futures
Money Forex Financial
Neuimex
North Finance
Oanda
One World Capital Group
One World Forex
Phi Capital Management
Pip Forex
Premier Investment
Premier Trade Forex
ProEdgeFx (IB)
Pro-Forex
Propfx
QuestTradeFx
RCG Fx Trader
RealTime Forex
RealTrade
RefcoFx (Bankrupt)
RJO Fx
Saxobank
Soco Finance
Speed Forex
Spencer Financial
STS Finance
SwissForex
TimesForex
Traders Exchange
Trade Freedom
Trade Monster
TradeStation Securities
Trading Intl
True Forex
Velocity4x
WestCapFx
Windsor Brokers
XpresstradeFX
Zaner (IB)
A few of the aforementioned may be offering non-dealing desk brokerage for high rollers but from what I was able to gather from visits to their web sites, that’s not the case. All are currently offering mini (if not micro mini) accounts, commission free trading, and/or low fixed spreads. As we know, non-standard lots are only traded off-exchange and fixed spreads are a clear indication that the broker controls pricing. Acknowledging the possibility that one or more of the aforementioned may be offering a non-dealing desk, their names will remain until they stop leading naive spot traders to think that they’re actually trading the foreign exchange let alone trading through a non-dealing desk when they're clearly not.
Ultimately, the industry may turn to non-dealing desk brokerage but by the time that happens I’ll probably be living elsewhere - perhaps I’ll come back as a bright green frog. If and when that occurs, the blog will have served its purpose so there won’t be a point in publishing a list of non-dealing desk brokers. Their existence will be well known.
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