A test drive is a notion used in auto industry to describe the process of testing a new car to find out its strengths and weaknesses. These days, the notion is used in a wider sense. On top of that Masterforex-V Academy dared translate it into the FX industry in order to describe the process of testing various Forex brokers claiming they offer premium-quality products and services mostly to retail clients. The experts’ job is to find out for sure whether it is true and whether the tested broker can actually be trusted by the average trader looking for stability, transparency, and comfort along with other benefits.
It should also be noted that the next broker for testing is usually chosen by Market Leader readers or Masterforex-V Academy students, traders, and investors. Most of the time, the trading experts test new companies with big ambitions and promises.
Test-Drive By Masterforex-V Academy Reveals The Truth
According to Eugene Olkhovsky, President of EUTA Capital and Pro-rebate.com, test-drives conducted by Masterforex-V Academy make it possible to resolve a number of problems associated with choosing an FX broker. For Instance, if you doubt a certain broker and want some reliable information and advice from unbiased sources backed by practice, this is a really good option for you.
The mentioned test-drives have been really popular with the international trading community. Ever since they were launched. On top of that, many independent analysts refer to the results of those test-drives to back their assumptions. Simply put, this kind of information is always useful for anyone who is interested in a certain Forex broker wants to know the real state of affairs instead of some fake feedback you can find on the Internet these days.
More and more experts say that any test-drive performed by Masterforex-V Academy can be treated as a true catalyst revealing the strengths and weaknesses of a certain broker. Such tests improve the entire FX industry since the broker has to work on eliminating their pitfalls and weak spots while intensifying their strengths. By the way, Market Leader published preliminary and final results of such tests to make them open to the public. All of this valuable information is free for you.
Tornado STP-DMA In Advance Of The Test-Drive
To be more specific, Masterforex-V Academy is getting ready to test Tornado STP-DMA by NAS Broker, as well as a number of other products and services offered by the mentioned Forex broker.
Let’s take a closer look at STP-DMA (Direct Market Access). This is the technology designed to process and execute client orders by letting the trader access the interbank liquidity directly. Simply put, traders get their orders executed directly with one of the major liquidity providers available out there instead of going all the way through the broker - provider chance, as it is the case with conventional STP and ECN brokers.
That said, STP-DMA turns the trader into a price maker. The thing is that this advanced technology is implemented by a handful of FX brokers, with most of them leaving this for VIP clients only. Unlike most of them, NAS Broker take another step in terms of revolutionizing the niche by making the technology available on MetaTrader 4, the most popular trading software in the FX industry. This unrivaled solution is named Tornado STP-DMA.
Some online sources say this is a unique solution by a company named Tornado-Bridge, which improved the STP technology so as to send the order lightning-fast and directly to the interbank market without any third parties, without slippage and with guaranteed execution at the requested price.
That said, you work with 3 major liquidity providers at a time and enjoy the tightest spreads possible while seeing the true market depth. All of that is now available to anyone from rookies to trading geeks making use of any trading strategy.
Tornado STP-DMA is all about aggregating liquidity based on the Best Bid Best Ask (Best Execution Price) approach. The liquidity provided by 3 top-ranking market makers. These are LMAX, Swissquote Bank, and TopFX. They make it possible for NAS Broker traders to get their orders executed at the best price available at the moment. This also backs the tightest spreads possible.
Tornado STP: Advantages
First off, the STP-DMA technology is an innovative trading solution, with each order getting straight to the liquidity providers backing excellent prices, lightning-fast execution and tightest spreads.
Secondly, DMA, which stands for Direct Market Access, is the very technology of execution client order making it possible to avoid any third parties and get the order delivered straight to the liquidity providers at no time and no extra cost.
Thirdly, it’s full NDD, a cutting-edge system of executing orders with no dealer involved.
The next advantage is the Best Bid Best Ask approach to aggregating client orders backing tightest spreads in any markets at all times.
Advantage number 5 has to do with virtually unlimited liquidity and absence of re-quotes.
The next advantage is all about accessing the genuine interbank market at all times.
And finally, one more advantage has to do with the fact that the fee for using the reliable “bridge” is fairly moderate and affordable.
