1. Market makers, also known as dealing desk (DD) brokers.
  2. Direct Market Access Brokers (DMA), also called the non-dealing desk (NDD) brokers or Straight Through Processing (STP) brokers.
  3. ECN (Electronic Communication Network) Brokers
  4. Now let us look at these different types of brokers in more detail, reviewing the pros and cons of each brokerage model.

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