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B-Book

A broker model where the broker acts as the counterparty to client trades.

What is B-Book in forex trading?

A broker model where the broker acts as the counterparty to client trades. In the B-Book model (also known as Market Maker), the broker keeps trades 'in-house'. If the trader loses, the broker profits, and vice versa. This can create a conflict of interest.

What this looks like across the brokers we track

Of the 37 brokers BrokerAnalysis tracks that state an execution model, 20 are ECN, 10 are Market maker / dealing desk, 6 are STP, 1 is No dealing desk. Execution model is self-declared by the broker, not independently audited.

Measured across 37 entities in the BrokerAnalysis dataset. See the full broker comparison

Detailed Explanation

In the B-Book model (also known as Market Maker), the broker keeps trades 'in-house'. If the trader loses, the broker profits, and vice versa. This can create a conflict of interest.

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