WikiFX Trending Topics Analyst Initiative
Share Your Expertise on What’s Moving the Market.
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract: In the forex world, you may see some brokers called "A-book" and others called "B-book" brokers. In this article, we will analyze what these two types of brokers are and what the differences look like.

About A-book and B-book
To understand what A-book and B-book brokers are, we must first understand A-book and B-book. A-book and B-book refer to the way that brokers distinguish and separate their clients based on the degree of risk associated with each clients order. There is no exclusive A-book forex brokerage or B-book forex brokerage.
About A-book forex brokers and B-book forex brokers
These are the forex brokers that routinely pass on their clients‘ orders for fulfillment in the interbank market or other external execution venues. They could sum up the traditional definition of a brokerage: they source the liquidity for their clients’ orders and pass these orders on for other entities to fulfill. They act like facilitators of these transactions. The closest brokerage model to the A-book forex brokerage model is the STP brokers. However, this is not to say that market makers do not routinely carry out A-book order fulfilments.
Now, what about the B-book forex brokers? As you may have guessed, the market makers always have the B-book system in operation. Remember the 95% of traders who are not usually profitable as forex traders? Well, these are the traders lumped into the B-book liquidity bucket for in-house order fulfillment by the brokers dealing desk. The B-book forex brokers routinely use their in-house dealing desks to fulfill such orders, usually by taking a counterparty position to the trades of these clients.
Difference between the two
The difference between the A-book and B-book forex brokerage model is pretty simple. The A-book utilizes interbank market executions for clients orders, while the B-book process leads to internal order fulfillment without the usage of the interbank market.
A-book: You are trading with the banks and you have various options at transparent pricing. The broker provides the software and access to the interbank market.
B-book: You are trading with the supposed facilitator.

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Share Your Expertise on What’s Moving the Market.

In a forex market where fundamental and technical factors impact the currency pair prices, volatility is expected. If the price volatility acts against the speculation made by traders, it can result in significant losses for them. This is where a stop-loss order comes to their rescue. It is one of the vital investment risk management tools that traders can use to limit potential downside as markets get volatile. Read on as we share its definition and several strategies you should consider to remain calm even as markets go crazy.

The forex market is a happening place with currency pairs getting traded almost non-stop for five days a week. Some currencies become stronger, some become weaker, and some remain neutral or rangebound. If you talk about the Indian National Rupee (INR), it has dipped sharply against major currencies globally over the past year. The USD/INR was valued at around 85-86 in Feb 2025. As we stand in Feb 2026, the value has dipped to over 90. The dip or rise, whatever the case may be, impacts our daily lives. It determines the price of an overseas holiday and imported goods, while influencing foreign investors’ perception of a country. The foreign exchange rates change constantly, sometimes multiple times a day, amid breaking news in the economic and political spheres globally. In this article, we have uncovered details on exchange rate fluctuations and key facts that every trader should know regarding these. Read on!

Understanding how to add funds to your account and, more importantly, how to take them out is essential for safe trading. For any trader thinking about ACY Securities, making an ACY SECURITIES deposit is simple, but the ACY SECURITIES withdrawal process has many serious complaints and concerns. While ACY says it is an established, regulated broker, many users have complained specifically about withdrawal problems, creating a confusing and often contradictory picture. This guide provides a complete and critical analysis. We will first explain the official steps for deposits and withdrawals, including methods, fees, and stated timelines. We will then take a deep look at patterns found in over 180 real user complaints, examining the potential warning signs and risks. By combining official information with real-world user experiences and regulatory warnings, this article aims to give you the clarity needed to make an informed decision about the safety of your funds with ACY Securities.