Most people know why they should avoid no dealing desk brokers. The question is, do you know why? In the video below it reveals why one should always choose a good broker.
By having a dealing desk the trader will in general always lose. Which makes it surprising that this type of business has not been closed down already.
Video above shows how a dealing desk broker takes or steals a traders money. They can either bet against the trader or keep giving re quotes until the trader has a bad price. Video made by FXCM.