[Easy to understand] How to identify a drinking venue/turndable? [Reliable]

We have reposted the serialized chapters here on FX-ON.

An article on the overseas site RHINO REPORT described how to distinguish between DD and NDD brokers.

Below is the link

Below is a summary of the article.

1. Spreads

Spreads are not a useful indicator for distinguishing between DD and NDD.

2. Leverage

Leverage is a useful indicator for distinguishing. It is unlikely that prime brokers or prime-to-prime brokers offer leverage of 100x or more. It is possible that brokers at the end of the chain offer 400x leverage for clients with limited funds, but brokers offering 500x or 1000x are probably DD.

3. Bonuses

If a broker offers 50%, 100%, or 200% deposit bonuses, it is almost certainly a DD broker. Normally, STP/ECN brokers do not profit from such schemes. DD brokers lure customers with these campaigns.

Also, when MT4 shows Instant Execution, it is almost certainly a DD broker.

4. Decimal places

If the Japanese yen uses two decimal places and other currencies use four decimals, that almost certainly indicates a DD broker. In the market, decimals are traded with three decimals for some currencies and five decimals for others.

5. Limit orders

If there are restrictions on SL/TP when placing limit orders, it is likely a DD broker. DD brokers dislike scalping and strictly regulated trading. For NDD brokers, such restrictions are usually not a concern. For NDD brokers, what matters is how much commission the client pays; that’s all.

6. Stop-out

If the stop-out value is 20%, it is likely a DD broker. Liquid providers usually set it to 100%, and being below 100% is almost unheard of.

7. Changes in trading conditions

Brokers that widen spreads, cause slippage losses, reduce execution speed, or otherwise alter the trading environment are DD brokers. DD brokers seek to cause losses to clients.

8. Summary

To verify whether a broker is DD or not, trading with real money in a live account and paying attention to changes in the trading environment is the most reliable method. Trading on a demo account is irrelevant. Please make an effort to compare.

An article by a certain Italian affiliate blogger that seems to be urging personal responsibility.

Whether abroad or in Japan, trading under a malicious broker is unhelpful.

Articles like this are very helpful!

An article by a certain Italian affiliate blogger that seems to be urging personal responsibility.

I myself have, at times, taken seriously the content of shady overseas affiliate blogs and lost more than 30% of my investment funds, so please be careful not to repeat my mistakes!

I will deepen my verification of the Panama Papers contents.

Blog here →http://合法パナマ文書.xyz/

11/30 20:17 — Correction

The article writes that DD brokers are evil and NDD brokers are good, butthere are DD brokers who trade from the customer’s perspective,andDD brokers are not necessarily evil.

Apology article here →Apology article