⭐ DOM Forex Brokers
DOM = Depth Of the Market = Order Book = Real-time Supply & Demand
- DOM = Number of Pending Buy/Sell Orders at the Nearest Price Levels
- The higher is the Number of Pending Orders (Market Volume) the deeper is the Market Liquidity
- True DOM data is found with DMA and ECN brokers
- MM and STP brokers cannot deliver true DOM due to their Dealing model being distant form the real Market. Instead trading platforms (such as MT5 with built-in DOM feature) may display data on the Latest Price Quotes only, wrongfully calling it DOM
DOM (Depth Of the Market) = Number of Pending Buy/Sell Orders at the Nearest Price Levels ...read more
- DOM = Number of Pending Buy/Sell Orders at the Nearest Price Levels
- The higher is the Number of Pending Orders (Market Volume) the deeper is the Market Liquidity
- True DOM data is found with DMA and ECN brokers
- MM and STP brokers cannot deliver true DOM due to their Dealing model being distant form the real Market. Instead trading platforms (such as MT5 with built-in DOM feature) may display data on the Latest Price Quotes only, wrongfully calling it DOM
** Commission per standard lot Round Turn
DOM Forex broker
— a DMA or ECN broker that offers Market Depth data on its trading platformHow DOM works?
- DOM (also known as "Order book") shows real-time supply and demand in the Market (e.g. How many pending buy/sell orders are there (Volume) and at Which prices)
- DOM is a feature of a No-Dealing Desk brokers with access to the real Market, such as DMA and ECNs
- MM brokers can't have true DOM, as they are the Makers of their own Market (provide In-House trading). DOM feature with MM is unnatural & has nothing to do with the real Market. It's just data on In-House prices.
- STP brokers can't have true DOM either, as they merely pass Orders to another Market maker(s) without accumulating a pool of competitive price quotes from Liquidity Providers & Order Volume. DOM is about seeing real supply-demand from the Market participants, not a single counterparty participant. Thus DOM feature with STP brokers is also unnatural & has nothing to do with the real Market. It's just data on prices at which Orders were executed with a designated Market maker.
- Note: MT5 Forex trading platform comes with built-in DOM feature. Yet, whether this DOM data be true or not depends on the broker you trade with.
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