overall we talking about VanTage FX it's worth to use ? for first level regulation they getting reducing leverage low as 30 below , but in VanTage FX you can feel free flexible change your regulation between second level regulation up to 500 leverage , Overall VanTage FX are in list

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overall we talking about VanTage FX it's worth to use ? for first level regulation they getting reducing leverage low as 30 below , but in VanTage FX you can feel free flexible change your regulation between second level regulation up to 500 leverage , Overall VanTage FX are in list
Trading Conditions
7
Trading Fee
9
Trust Rating
8
Deposits and Withdrawal
10
Customer Service
10
APP
7
User friendly
7.5
PROS:
  • Various deposits way
  • Support Copy Trade
  • Fully and Free education
  • Free VPS
CONS:
  • Only English education
  • less CFD stocks

Swissquote Swissquote Bank, also known as Swissquote Group Holding SA, is a Swiss bank group specializing in online financial and trading services. The group’s shares have been listed on the Swiss Stock Exchange since May 29, 2000. The stock code is SQN. The group’s headquarters are located in Grande, Switzerland, the company also has offices in Zurich, Bern, London, Dubai, Hong Kong, Malta, Singapore and Luxembourg and has 722 employees.

Provide foreign investors can apply through an online bank account using the bank while the Swiss regulators to ensure the safety of funds, they are different from other trading platforms while providing real stock brokers and CFD, when you need to become a shareholder of a company You can buy real stocks. When you encounter unexpected situations that may occur in the future, you can buy assets quickly and cheaply through CFD and hedge risks.

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At the same time, it has a personal bank and a trading platform broker and can trade on more than 60 countries and regions exchanges. It provides foreign investors who can handle bank accounts online. Using this bank can also obtain Swiss supervision to ensure the safety of funds, which is different from other transactions. Platform brokers provide real stocks and CFD at the same time. When you need to become a shareholder of a company, you can buy real stocks. When you encounter unexpected situations that may occur in the future, you can buy assets quickly and cheaply and hedge against them. risk.
Trading Conditions
10
Trust Rating
10
Trading fee
7
Deposits and Withdrawal
3
Customer Service
10
APP
10
User friendly
10
PROS:
  • Provide bank card
  • Real stock
  • CFD stock
  • ETF trading
  • Option
  • Multi-currency bank account
  • Trusted government regulation
CONS:
  • Higher spreads
  • Low leverage
  • Account opening procedures cumbersome

Alpari's starting point is in Russia, and then several founders have established operations in the United States, United Kingdom and Russia. Among them, the founder who developed in Russia founded Alpari Limited in Saint Vincent. In 2015, after the Swiss franc incident, Alpari's UK went bankrupt, and the trademark and domain name were acquired by the Russian founder. Alpari's domain name was then transferred to Alpari Limited. At this point, the British Avery completely disappeared, leaving only a new Alpari just created.

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Long history broker since 1998
Alpari has done a great job in simplifying the registration process, so users can easily select the five available account types during the registration process. There are three different account options for MT4, and two different account options for MT5. When considering the market scope of Alpari, execution types and applicable spreads, traders have many options.Although brokers implement supervision in large jurisdictions such as Russia, if Alpari obtains regulatory approvals in major financial markets, trust will be greatly improved. Alpari once owned US-regulated entities and British-regulated entities in the past, although the former was closed when the U.S. foreign exchange market was consolidated, while the latter went bankrupt during the 2015 Swiss franc crisis.Overall, Alpari provides traders with a low deposit threshold and competitive spreads for multiple account types. Investors who prefer passive trading can purchase a PAMM portfolio. Cryptocurrency CFDs are also a good advantage for Alpari.
Trading Conditions
6
Trading Fee
10
Trust Rating
7
Deposits and Withdrawal
5
Customer Service
6
APP
8.5
User friendly
5
PROS:
  • high Leverage can use
  • support CopyTrading
  • APP support
CONS:
  • Poor education
  • No support Web Trading
  • high deposit and withdraw fee
In summary, Plus500 is an online trading platform that provides traders with access to a range of financial instruments, including CFDs on stocks, commodities, forex, cryptocurrencies, and indices. The platform is user-friendly and offers tight spreads, but traders should be aware of the risks involved in trading CFDs.However, it's important to note that trading CFDs carries a high level of risk, and traders can lose more than their initial investment. Plus500 is regulated by several financial authorities, including the UK's Financial Conduct Authority (FCA), which provides some level of protection to users. Nevertheless, traders should always understand the risks involved and use caution when trading.
Trading Conditions
10
Trust Rating
8
Trading Fee
4
Deposits and Withdrawal
8
Customer Service
3.9
APP
6.8
User friendly
7.2
PROS:
  • User-friendly platform: Plus500 offers a simple and intuitive platform that is easy to use even for beginners.
  • Wide range of financial instruments: Plus500 provides access to a diverse range of financial instruments, making it easy for traders to diversify their portfolios.
  • No commissions: Plus500 does not charge commissions on trades, which can make trading more cost-effective.
CONS:
  • Limited research and educational resources: Plus500 provides minimal research and educational resources for traders, which can make it difficult for beginners to learn about trading strategies and techniques.
  • Inactivity fees: Plus500 charges an inactivity fee if you do not log in to your account for a certain period of time, which can be a disadvantage for occasional traders.
  • Limited customization options: Plus500 offers limited customization options, which can be a disadvantage for advanced traders who want to tailor the platform to their needs.

Since the beginning of XM in 2009, over 2,500,000 customers have been registered with the company. This allowed XM to become a large and recognizable investment company and take a leading position in the industry. Today, over 450 specialists with rich experience in finance work in XM.

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High Leverage free for Trading different style
XM offer low spread and more 25 language service support  ,No re-requotes and no hidden fees or commissions policy, as well Negative balance protection, brings very comfortable as well the strict real-time market execution policy, making XM very welcomed among trading offering. So one of the most generous proposals in terms of costs, trading conditions and opportunities overall, makes XM a truly human broker.
Trading Conditions
8
Trading Fee
10
Trust Rating
5
Deposits and Withdrawal
10
Customer Service
5
APP
7
User friendly
7.5
PROS:
  • Free online course
  • Create multiple sub account
  • Low withdraw fee
  • Availability of Live Chat
  • Customer-friendly layout
  • Supporting Android and iOS
  • Copytrading
CONS:
  • Only MT4 MT5
  • less ETF stock
  • High Indices spread

FBS Broker founded in 2009  , operation main is Asia located at 89, Vasileos Georgiou Street, 1st Floor, Office 101, Potamos Germasogeias, 4048 Limassol  service over 700 thousand people in the worldwide including China Indonesia, Russia, the Philippines and even Malaysia has operated office ,FBS is also regulated by Cyprus, a subsidiary of Tradestone Limited, which is a popular jurisdiction for foreign exchange transactions. Tradestone Limited is regulated by the Cyprus Securities and Exchange Commission. According to the MiFID directive, all brokerage companies regulated by CySEC have the right to conduct business in the EU. This makes FBS a safe company that currency traders can invest in.

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nice user friendly App support for Trading
FBS offering excellent user UI on mobile App on Android and iOS , when you starting trading at phone  which is take can short time to used it , and they aslo offering multiple type acccoutn  For example, one of the advantages of ECN accounts is more competitive pricing but compared to standard accounts, stop-loss and take-profit prices can only be added after the order enters the market. This restriction is unreasonable.In addition, if traders want to trade CFDs on stocks, they need to open separate accounts and cannot share foreign exchange accounts, which is very inconvenient. a few popular US stock now is allow trading at FBS , and hopefully they soon will add more in future . 
Trading Conditions
10
Trading Fee
7
Trust Rating
7
Deposits and Withdrawal
4
Customer Service
8.5
APP
10
User friendly
9
PROS:
  • friendly user App
  • Provide multiple account types
  • homepage user Friendly
  • Copytrading
  • well education
CONS:
  • less Stock CFD
  • Limited product portfolio
  • less regulation broker

Pepperstone founded in 2010 offer forex and CFD stock trading service base on Asia-pacific, office and headquarter located in Australia, offer low ping and high quality price quote without slippage. In average Pepperstone is not one of broker which offer fantastic trading app but reliable and fairly trading broker platform, why said like it ? Because most broker usually going price slippage but in pepperstone such report are no usually happened, so for day-trdaer and mass Quantitative Trader are really important even your small trader that's one of crucial priosity.

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first choice for high frequency trader
In average Pepperstone is not one of broker which offer fantastic trading app but reliable and fairly trading broker platform, why said like it ? Because most broker usually going price slippage but in pepperstone such report are now usually happened, so for day-trdaer and mass Quantitative Trader are really important even your small trader that's one of crucial priosity.
Trading Conditions
10
Trading Fee
10
Trust Rating
10
Deposits and Withdrawal
7
Customer Service
8
APP
9
User friendly
5
PROS:
  • Low slippage
  • Low ping support VPS
  • High speed respown time
CONS:
  • less CFD stock

MultiBank Financial Bank provides a well-regulated trading platform and spreads, and has multi-country supervision, which basically ensures that your capital is generally recognized as safe on this trading platform. The only drawback is that it must be conservative in innovation in order to comply with supervision. Concessions have also led to the fact that although they are ahead of their competitors in the early trading interface, emerging competitors also provide better customer experience. However, MultiBank Chase Financial Bank is rushing to catch up with these competitors. By focusing on customer experience as a priority, the platform provides excellent Customer service.

The platform is suitable for traders who have been trading for many years, and is suitable for medium and long-term investment advice, and because the platform has restrictions on scalping banned, this trader is suitable for companies to invest in hedging transactions as a hedge market A volatile trading broker

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The broker is suitable for enterprises to hedge against market fluctuations as a trading broker for hedging trading investments
MultiBank Financial Bank provides a well-regulated trading platform and spreads, and has multi-country supervision, which basically ensures that your capital is generally recognized as safe on this trading platform. The only drawback is that it must be conservative in innovation in order to comply with supervision. Concessions have also led to the fact that although they are ahead of their competitors in the early trading interface, emerging competitors also provide better customer experience. However, MultiBank Chase Financial Bank is rushing to catch up with these competitors. By focusing on customer experience as a priority, the platform provides excellent Customer service.
Trading Conditions
6
Trust Rating
7
Trading Fee
5
Deposits and Withdrawal
5
Customer Service
6
APP
2
User friendly
6
PROS:
  • Excellent customer service
  • Excellent trading interface
  • Multinational supervision regulation
  • High financial security
CONS:
  • Lack of trading signals
  • No novice teaching
  • Prohibition of scalping trade

The full name of FXTM is Forextime Ltd was founded in 2011 by Andrey Dashin, who is also a major shareholder of online broker Alpari. Since the launch of FXTM, the platform has been expanded to include the MT4 and MT5 platforms developed by MetaQuotes Software, headquarter local at Cyprus 35, Lamprou Konstantara Street, FXTM Tower, Kato Polemidia, CY-4156 Limassol. 

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fair enough but still need progress
FXTM provides multiple account options for traders, each of which has pros and cons, from margin to order execution method, tradable market and different pricing rules. For example, one of the advantages of ECN accounts is more competitive pricing, but compared to standard accounts, stop-loss and take-profit prices can only be added after the order enters the market. This restriction is unreasonable.In addition, if traders want to trade CFDs on stocks, they need to open separate accounts and cannot share foreign exchange accounts, which is very inconvenient.All in all, FXTM provides a variety of options for MT4 and MT5, and a wide range of account options allows traders to operate flexibly. In addition to Bitcoin, the addition of more cryptocurrency CFDs also complements FXTM, although it is still not tradable on weekends.It is difficult for inexperienced traders to choose among the many account types of FXTM. In an ideal situation, we hope that the broker can simplify this selection process and recommend the appropriate account type for different experience levels. Finally, the broker's own automated trading strategy and the trading signal service provided by the internal research team have a good yield.
Trading Conditions
10
Trading Fee
7
Trust Rating
10
Deposits and Withdrawal
10
Customer Service
10
APP
9
User friendly
8.5
PROS:
  • Provide multiple execution strategies by account type
  • Regulated by several agencies
  • Including regulation outside the EU
  • Provide crypto currency CFDs
  • FXTM Invest supports automated trading
  • CopyTrading
CONS:
  • ECN accounts have leverage limit requirements and margin limits
  • Certain market areas are divided by account type
  • ECN accounts can only add stop loss and limit orders after execution
  • The maximum order volume per transaction is 30 standard lots

5 different trading platform to choice , than also consider copy trading make trading more relax to balance your Work and trading multiple languages online Support compare with other trading broker ,avatrade spend more attention on the costumer service , which they give more information and help for newbie Trusted deposit by famous bank from european , and also offer Highly rank regulation which mean you can enjoy your capital safely with government guarantee your money.

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5 different trading platform to choice , than also consider copy trading make trading more relax to balance your Work and trading multiple languages online Support compare with other trading broker ,avatrade spend more attention on the costumer service , which they give more information and help for newbie Trusted deposit by famous bank from european , and also offer Highly rank regulation which mean you can enjoy your capital safely with government guarantee your money.
Trading Conditions
10
Trust Rating
10
Trading Fee
5
Deposits and Withdrawal
4
Customer Service
10
APP
10
User friendly
8
PROS:
  • multiple choice copy trading
  • Well customer support
  • Friendly mobile trading app
CONS:
  • less Stock
  • Expensive Trading Stock fee

Exante (XNExante (XNT LTD)is an international Stock、Bond、Forex、ETF、future & option  trading platform , since 2006 they started operate stock market offer client from worldwide without open local broker account and free to trading stock from  over 50+ market in one broker platform , over 10000 different stocks and 100 country's bond and provide 13 currencies  all in the Exinite , provide high quality service and trading platform, office locate  London Amsterdam Moscow Saint Petersburg Kyiv Almaty Riga Malta Cyprus Hong Kong .

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Created by professionals. For professionals
most successful  broker platform provide over 150,000+ financial products with your single multi-currency account on any device,  without any additional fee add most cheap way invest worldwide , although it's only support bank transfer taking by 1~4 days , by list broker always your best choice . 
Trading Conditions
9.5
Trading Fee
7
Trust Rating
10
Deposits and Withdrawal
4
Customer Service
10
APP
5
User friendly
7
PROS:
  • low trading fee
  • 50 market in one platfrom
  • over150,000+ financial products
  • 24/7 Customer Service
CONS:
  • only support bank transfer
  • not support Friendly UI or lite platfrom
  • high withdrawal fee

As a financial broker, Libertex offers a range of investment products for specific goals, including traditional and cryptocurrency trading options. It is a trustworthy brand with more than 20 years of market experience and investment know-how. You can rely on them to help make the most of your money, whether it’s your savings or your investments.

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Libertex is a trading platform that offers an easy way to start trading Forex. It combines a user-friendly interface with a variety of trading tools. The app has been designed to make trading as easy as possible for everyone from beginners to professionals. Libertex can be used on both desktop and mobile devices, and it’s a good choice for traders of all levels.
Trading Conditions
7
Trust Rating
6
Trading Fee
10
Deposits and Withdrawal
10
Customer Service
6
APP
6
User friendly
3.1
PROS:
  • multiple crypto currencies pair
  • lowest trading fee for Crypto currencies
  • User-Friendly trading UI
CONS:
  • Less Stocks

Choose a Forex broker trading platform

Provide guidance to help investors evaluate the most appropriate use of market forex broker trading platform rankings, here will detail the various features of Forex trading broker platform, and you can safely manage your money, because we will strictly examine these trading platforms Regulatory security, and we will list the detailed fee costs at the same time.

Through our one-stop evaluation and comparison to choose each unique trading platform broker, you can easily find the most suitable trading platform broker for you and your friends.

Basic of forex trading

Basic of forex trading
Basic of forex trading

Foreign exchange are called as know as forex trading and involve the exchange of the currency of one sovereign country for the currency of another sovereign country. In the foreign exchange market, you can trade many currency called currency pairs.

Among foreign exchange traders, the most actively traded currency pairs are called major currency pairs and major cross currency pairs. A currency pair with moderate trading volume is called a secondary currency pair, and a currency pair with the least active trading is called a Minors pair.

In all major currency exchanges, you are free to buy short or buy long. Some medium-sized developing countries curency are often controlled by the their central banks, so there are often drastic and artificial improper manipulations, so when analyzing these secondary non-primarycurrencies, you need to carefully consider the political situation of each country.

In all major currency pairs, you can freely go long or short one specific currency against another currency, although some domestic currencies that are not actively traded are subject to exchange rate control. These controls are usually supervised by the central bank, which limits the value or fluctuations of the national currency relative to one or more currencies of other countries.

For those who are interested in Forex trading, open your own Forex trading account…The good news is that now Forex trading only needs to be easily operated through the mobile app, and a small amount of principal can start adventure through the foreign exchange market gain profit.

Forex Trading Scheme

Before you start trading Forex, you should first make sure that you understand the basics of forex trading. This means that you have a forex trading platform can execute transactions, and you know how to enter and exit the foreign exchange positions. You also need to understand the different types of orders allowed by your forex broker,
How to enter them and when to use them appropriately.

For a better understanding of Forex trading, all you need to make money as a Forex trader is to buy low and sell high. Although accurate predictions to determine which transactions are high-risk, which trade are low-risk trade may take a lifetime to master. Therefore, it also makes sense to formulate a reasonable fund management strategy so that you can place appropriate bets based on transaction certainty, risk tolerance, and account size.

Use fundamental analysis forex trading method

Top 10 Online Forex Broker Platform Comparison Review offer investor world leading stock & Forex & Crypto broker views and tutorial,start make your money by money ,Realize the freedom of wealth

Forex trading is the result of a common capital market supply and demand balance turned to a higher or lower ratio, therefore, to accurately predict future changes in exchange rates, need to be considered related to two specific currency pair in the currency fundamentals, as well as future currency Policies, current changes in the country’s overall industry, etc. are taken into consideration.

The economic data calendar regularly browse through some economic predictions and the upcoming release of what to expect and may result in significant fluctuations in the currency of the time to understand, regularly taking notes forex fundamental analysis is the most important lesson, those with important data release can cause liquidity problems, and therefore sometimes avoid some of the pre-data release is wise, even the foreign exchange markets are often illiquid,
With the release of important data, spreads widened and the trend became more intense.

How to ensure that the forex broker trading safe?

The most important thing to consider when choosing a forex broker is how the company’s reputation has been in the past,
Some forex brokers in question refused to refund the customer’s deposit or failed to separate client funds with their own funds manage their business so that they remain safe and in the case of broker bankruptcy can be returned to their Trader.

Most good reputation forex brokers will be regulated major financial regulators, such as Britain’s financial behavior Authority (FCA).
This type of organization usually aims to ensure compliance with financial laws designed to protect retail currency traders within their jurisdiction to maintain and protect the honest broker broker customers. Regulators may also review the brokerages internal procedures, handle customer complaints against the broker, and insist that the broker separate client funds from its own funds.

Depending on its jurisdiction, the funds of certain broker clients may also be protected by compensation schemes. For example, in UK-registered forex brokers, forex brokers must provide insurance up to 85.000 pounds of customer deposits, in case they go bankrupt, as part of the Financial Services Compensation Scheme.

All forex brokers listed on this site are subject to official supervision of financial regulators. You can also view forex broker website for the name of its regulators.
It should also list their regulatory registration number, so you can check the status of their cooperation with the approval of regulatory authorities.

What are the costs of Forex trading, taxes, fees?

Forex trading involves by the list of costs:

  1. Spread
  2. Tax
  3. Transfer fee
  4. Swap Fee (overnignt fee)

Spread

Spread every forex trading platform have differences, so if you take the A platform to platform B comparison is meaningless, because every trading mechanism designed trading platform, after risk control ﹑ market share are very different only to consider whether the broker platform to provide accurate quotes as well as excellent trading network traffic so that investors can get the profits and risks they deserve.

Tax

Most of the country’s thought the foreign trading broker platform does not require any tax burden, the most common tax investment income remittances to send money by wire-transfer more than the national standard established by tax will be charged, in general you can wait through the virtual currency Other methods to transfer these assets

Transfer fee

Deposit and withdrawal fees have always been one of the most frequently discussed topics by investors. There will be different fees according to different channels. In order to provide investors with a convenient way to deposit and withdraw funds, the relative fees and fees are also different.

Swap Fee (overnight fee)

Keep in mind that when trading forex, wide trading spreads and/or swaps and high trading commissions will significantly increase your fee, so you need to minimize them, especially if you plan to actively trade forex.

At the same time, if you are a Muslim, you can open an Islamic account, which usually has no swap interest rate associated with it at all. Trading in spite of higher costs Islamic accounts, Islamic accounts to check their trading costs when choosing forex broker and make sure they fit your trading style is justified.

Does the trading broker have a suitable trading platform tool and charting tools?


Although forex brokers trading platform will provide customers with the ability to perform forex and enter orders, but their function, display style and a wide range of target user audience,

On the one hand, it is a highly intuitive trading platform for novices, such as the self-developed platform provided by eToro or Plus500. May attract traders with no trading experience

While trading experienced traders will choose a more complex foreign exchange trading platform, developed by the MetaQuotes very popular MetaTrader 4 and MetaTrader 5 platform, for example, may include advanced features such as automatic trading on a series of historical data and trading strategies Back-testing.

Many forex platform broker also provides a powerful charting tools, and the ability to add technical indicators to the chart.
If you know how to program or can find someone else to do it for you, some platforms even allow you to create your own custom indicators.

You need to choose the right forex trading platform depending on your level of experience as a trader, you develop a trading plan and the type of asset you want to trade to a large extent.

For example
Technical forex traders may need a good platform for real-time charting capabilities and data exchange has, but the fundamentals or news traders may prefer to have a high-quality financial news pod platform. In addition, some foreign exchange to manage multiple accounts for yourself or someone else a trader may want to allow them to most effectively do this platform.

Generally speaking, a good way to compare the trading platforms of various foreign exchange brokers is to open several foreign exchange simulation accounts funded by virtual currencies.
You can then test it to determine which platform is more suitable for your personal trading and market analysis style.

Forex Order Execution mode

One of the key when comparing forex brokers consideration is the way they execute customer transactions as well as transparency in the implementation of.

For some traders, the most important factor in choosing a b trading broker platform is how the orders of the transaction are executed. Therefore, when you decide to use these trading platforms, you may have a conflict of interest in the transaction. Most foreign exchange brokers have five types It operates under one of the different broker models, although some brokers use a hybrid structure that combines two or more models. It is helpful to understand how these models work, so that you can choose the best broker with the execution method you like to use in your trading business.


The following section describes and compares the most common Forex broker models so that you can better choose from them.

DD- DealingDesk/(MM) – MarketMaker Broker Model

As a market maker forex brokers often operate trading platform, known as B-Book Forex broker mode.
They profit from the bid-ask spreads quoted to their customers and try to make as much profit as possible from the spreads.

Market makers usually provide two trading modes
The way of trading prices with fixed spreads depends on the currency pair quoted, although spreads may widen and prices will change rapidly in a highly volatile market. Market-making brokers take risks and effectively trade with clients, and since most traders are statistically losing money, it is often profitable to do so.

NDDNo Dealing DeskBroker Model

Traders in the trading room usually widen the customer’s trading spreads, and have prevented losses from severe trading fluctuations. Some trading platforms will adjust prices in a way that violates the interests of customers. Doing like it so can make more profits for their company.

Choosing an NDD trading platform broker can save you transaction fees and market makers, because these DD traders try to make additional profits from trading. When you want to trade, it is best to choose to have an NDD trading platform broker can help you get a fairer price, although you may need to abandon the human factor as a way of appealing when interacting with the trading platform broker.

STP-Straight Through Processing Broker Model

Brokers that use the STP broker model do not have trading rooms and traders and provide fully automated trading systems for their customers. Transactions are processed electronically without manual intervention. They are a kind of NDD-like brokers, sometimes referred to as A-Book brokerage models in the industry.

STP brokers usually anonymously send orders to the market maker bank of the liquidity provider and provide customer orders for auction execution when triggered. This means that you can usually execute quickly, avoid human error and reduce transaction costs. STP brokers usually also provide greater liquidity,
Smaller spreads and better order transactions, because more than one market maker bank is involved.

ECNElectronic Communications Network Broker Model

When investors use forex brokers use ECN model, they allow customers direct access to the interbank foreign exchange market trading platform. This type of NDD brokers usually offer the best pricing and trade execution, although each transaction will increase the fixed commission or extra points often weaken this advantage to some extent.

ECN forex brokers often displays the order signals and real-time exchange rate fluctuations from the interbank market. ECN Forex brokers also have a lower error rate because transactions are processed electronically instead of involving manual labor.

Another advantage of ECN brokers is that there are few price slips.
This allows the use of high levels of volatility before and after the major economic data or news published by news traders benefit.

Direct Market Access (DMA) Broker Model

Forex brokers use the DMA model to execute customer transactions and automatically match customer orders with market makers’ transaction prices. ECN brokers usually provide DMA services to customers, and not all STP brokers do this.

The DMA broker will pass all customer orders directly to the liquidity provider for execution at the current market price.
This process tends to be more transparent than the broker filling out customer orders by himself. DMA brokers usually provide variable trading spreads instead of fixed spreads, but they usually increase the commission per lot or a fixed per trade lot markup.

Multilateral Trading Facility (MTF) Broker Model

MTF brokers (also known as alternative trading system brokers in the United States) operate similarly to regulated financial exchanges such as Chicago IMM, where currency transactions can also be conducted.

They basically match buyers and sellers so that they can form a transaction contract according to MTF’s internal procedures.
Compared with regulated exchanges, MTF generally has good transparency, fair pricing, reasonable execution and lower costs.

Hybrid Broker (HB) Models

Some forex brokers trading model using a model of two or more other types of mixed or combined. Some brokers also provide different execution modes for different accounts, so large traders may have ECN access, while small traders may need to go through the trading desk.
Common hybrid models involve the hybrid of ECN or DMA models and STP models to produce fully electronic foreign exchange brokerage services. This allows brokers to drastically reduce costs after their system is developed and significantly reduce human error.

Reference

Wiki Forex Trading

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