Order types

Volume Trader

Elite Pricing Structure

Minimize your transaction fees with TRADE111's Volume Trader spread + commission cost structure. Lower Volume Trader pricing along with TRADE111's recommended forex trading execution - No Dealing Desk - can give you the advantage you have been looking for in your trading.

PRICING STRUCTURE

TRADE111 Volume Trader accounts have a spread plus commission pricing structure. The combined transaction costs should be significantly lower than a standard TRADE111 trading account that uses No Dealing Desk execution.
This pricing structure is designed to offer incentive investors trading in large amounts of currency at TRADE111 by lowering commission for larger trade volumes.

NEGOTIABLE COMMISSIONS

A Volume Trader account offers incentive to investors who trade large amounts of currency at TRADE111. Therefore, the negotiable commission charges depend on your monthly notional trading volume.

No Dealing Desk

TRADE111 introduced No Dealing Desk (NDD) execution for forex transactions. We wanted to offer a better, more straightforward model than the pricing and execution model used by most dealing desks brokers in the Forex business. We achieved that goal: NDD prices are competitive and market-driven, and NDD execution is transparent and fair.

EXECUTION

TRADE111 does not take a market position, thus disposing of a major trading conflict of interest. Dealing Desk brokers can actively trade against your positions. They can profit as you lose, or they could lose when you profit. Therefore, Dealing Desk brokers have motivation to manipulate your orders. For instance, they could place restrictions on stops and limits or re-quote your orders. None of this is an issue with TRADE111's NDD execution model. Your orders automatically fill from the NDD price feed, which is the best available bid and best ask prices from all of our liquidity providers after TRADE111's mark-up. Moreover, your orders are anonymous to the liquidity providers. They cannot see your stops, limits, or entry orders; they only see market orders coming from TRADE111.

Main advantages
  • Competitive, market-driven prices
  • Anonymous order execution (price providers cannot see your stops, limits, or entry orders)
  • No conflict of interest between brokers and traders
  • No re-quotes; no dealer intervention
  • You may use any strategy you prefer (scalp, trade the news, use any EA)
  • Potential Price Improvements on all order types

Dealing Desk

TRADE111 offers Dealing Desk execution for traders interested mostly in low spreads for 12 of TRADE111 major currency pairs. The Dealing Desk, however, has certain trading restrictions. In the Dealing Desk model, TRADE111 can act as a dealer, setting the prices and spreads for some of the currency pairs on which you trade. In this execution model, TRADE111 can see your stops and limits and we can profit from your trading losses. In our experience, this is common market practice amongst brokers that offer Dealing Desk execution.