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Advice from Gandalf the FX: FXDD

 
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gandalfTheFX

posts: 16

Jul 02, 2010 13:47 
Points: 0   Vote

 

Gandalf Review of:

http://www.forexpeacearmy.com/public/review/www.fxdd.com\

 

 

Haalpip from Sweden Says:

"WARNING! WARNING! WARNING! WARNING! WARNING!
they are scammers and just look at your chats and find out...
FXDD are playing a rotten game and I have to send out a warning. I have account at FXDD Malta, GallantFX, Alpari UK, GFT UK and FXCM for 2 hours ago there was a huge spike on GBPUSD on FXDD up to 1.5338 and when I compared with the other brokers of mine there was no spike at all. The level for the same hour was around 1.4660 for all the others. The time for this was on my computer 2010.06.10 22:00
THIS IS PURE CHEATING"

 

 

Advice from Gandalf the FX:

           

When you see deviation it is most likely from a broker that is running a dealing desk, AKA market maker. This is because dealing desks set there own prices, they “make the market.” Brokers will take risk and off-set risk by deviating from and coming back to the market price (Large Brokers do what is in their own interest.)

 

I cannot comment on which broker does what…seeing that it is very difficult to put them into categories (STP vs. Dealing)…however a rule of thumb is that the Larger the Broker….the higher the chances of them routing you to their Dealing Desk.

 

     Gandalf The FX