I'm new to Forex and was looking for some brokers, I researched and found that it's better to go for a A-Book platform, than a B-Book. Can someone give some platforms of A-Book?

Answer 1

It's great to see you're doing your research before diving into forex trading. Understanding the risks and the broker types is crucial before you get started, and not taking the time with this is why so many people lose money. While forex trading is indeed high-risk, it is not a scam like some of the replies here imply. Many people do lose money, but with the right disciplined approach and risk management strategies, it is possible to trade profitably.

Difference Between A-Book and B-Book Brokers

There's also some confusion in the replies about A vs. B book brokers here. For instance, some claim IC Markets is a B-Book broker, but they are actually one of the most renowned ECN brokers globally, offering some of the tightest spreads to retail traders. Here's the key difference:

A-Book Brokers (STP/ECN): These brokers pass your trades directly to liquidity providers, earning through commissions and spreads. Their interests align with yours since they don't profit from your losses.

B-Book Brokers (Market Makers): These brokers take the opposite side of your trades and profit when you lose, which can create a conflict of interest.

Recommended A-Book Brokers

1. DuraMarkets operates as a ECN broker, providing an intuitive MT4 trading platform featuring narrow spreads, minimal commissions, and swift trade execution. Their trading instruments include Forex pairs, commodities, cryptocurrencies, and global indices.

2. Pepperstone is probably the most popular A-Book broker globally, founded in 2010 in Melbourne, Australia. It offers low spreads and fast execution, operating as an ECN broker to ensure transparency and alignment with traders' interests. Pepperstone is regulated by ASIC (Australia) and the FCA (UK), among others, providing a high level of security.