Brief on STP – ECN and GMI Currenex

Platforms: GMI ICTS FX Platform

GMI MT4 Platform

STP Brokers

Straight Through Processing

ECN Brokers

Electronic Communications Network

NDD Brokers

No Dealing Desk；

MM or DD

Market Maker or Dealing Desk

Fou

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STP forex brokers send orders directly from clients to the liquidity providers - banks, which trade on the Interbank. Sometimes STP brokers have one liquidity provider, other times several. The more there are banks and liquidity in the system, the better the fills for the clients.

The fact that traders have access to the true market and can execute trades immediately without dealer intervention is what makes the platform STP.

GMI ICTS FX and GMI MT4 platforms have seamlessly integrated with STP technology

Get connected to real international FX markets and enjoy interbank liquidity

GMI ICTS FX + GMI MetaTrader 4 of STP Trading Mode

• Brokers not working against traders

• Trading experience beneficial for both brokers and traders.

Financial Security

• Orders going direcly to liquidity providers which ensures the security of traders capital

• All orders are executed automatically, anonymously, and instantly

The Benefits of STP:

TransparencyTransparency

▪ STP (straight through processing) system

▪ Enjoy interbank market liquidity

▪ No dealing desk : free of the interference of brokers

▪ Real-time market depth

▪ STP (straight through processing) system

▪ Enjoy interbank market liquidity

▪ No dealing desk : free of the interference of brokers

▪ Real-time market depth

SecuritySecurity

▪ Anonymity : No Dealing Desk watching with better and faster order fills

▪ Brokers do not stand against the traders, which ensures the capital security

▪ Orders going directly to interbank

▪ Anonymity : No Dealing Desk watching with better and faster order fills

▪ Brokers do not stand against the traders, which ensures the capital security

▪ Orders going directly to interbank

EfficiencyEfficiency

▪ 100% automatic execution

▪ More stable performance

▪ Lowered cost

▪ Millisecond execution

▪ Minimized possibility of slippage

▪ 100% automatic execution

▪ More stable performance

▪ Lowered cost

▪ Millisecond execution

▪ Minimized possibility of slippage

GMI ICTS FX platform – Leading you a new journey of FX trading

Friendly user interface Customized operating system Real-time display of Market Depth Multi-functional risk-management tools In-depth parameter analysis

Real-time market depth

GMI MetaTrader4 with STP technology

Traditional MT4 user interface

Unique platform features

Direct access to liquidity providers

Floating Spreads

platform： GMI Currenex

ECN stands for Electronic Communications Network. ECN Forex broker providers a marketplace where all its participants (banks, market makers and individual traders) trade against each other by sending competing bids and offers into the system. The order matching system will automatically execute those contrary orders (for buy and sell) instantly.

The main goal of the ECN system is to eliminate the role of intermediaries. Besides, by trading with ECN brokers, you may benefit more, i.e. transparent dealing rates, enhanced market liquidity, lower transaction costs and high-speed order execution. Traders could also save more banking charges as there is no dealer intervention and price manipulation in trades.

Type

Comparison ECN Brokers（ i.e. GMI） Market Makers

Order Processing Real International Forex Market Internal system

Dealing RatesReal dealing rates from liquidity providers

Set by Market Makers

Execution Efficiency Instant executionDetermined by Market Makers

Cost Low High

Transparency High Low

Fairness High Low

ECN brokers are the most reliable Forex brokers in the market. Trading with an ECN broker you can be assured that all members are playing a fair game and in this way achieve a win-win deal for both the broker and traders.

As the world’s largest ECN system ， Currenex provides traders with online services for various products, such as Forex and precious metals. The platform connects over 70 liquidity feeds so that users may get most competing bid/offer prices. GMI Currenex aims to offer best prices, highest liquidities and instant order execution, especially for those high-end clients handling a huge volume of transactions.

Thanks to the leading electronic order matching system, retail investors of GMI Currenex may connect directly to the world’s most transparent interbank market and thus get the most competing prices.

World’s largest ECN trading system

NDD (Non Dealing Desk) trading mode

Display of real market depth

Instant execution

Various instruments available

Multiple order types

Trading data protection

Trading with major banks and financial institutions in the system

Direct and seamless access to several liquidity providers

The fifth decimal rates for major instrument (i.e. EUR/USD) and competitive spreads for other currency pairs.

100% transparency. Real Dealing rates from liquidity providers without extra markups.

Non dealing desk and electronic processing technology

Fair trading with minimized possibility of slippage

I. User Interface

II. Display real-time market depth

More offers available, more active participants trading on the platform

Quantity available at current price

III. Order history—trading in real Forex market

GMI Currenex enjoys world’s largest ECN trading system

Non dealing desk Modeconnects traders and interbank market

Display of real-time and updated market depth

GMI ICTS FX+GMI MT4—Direct access to Multiple liquidity providers by using STP technology

STP+ECN brokers provide you with fa i r , t ransparent and safe t rading solut ion

Leveraged trading involves substantial risk, and might not be suitable for all investors