TYPE OF BROKERS · INSTITUTIONAL
HOW BROKERS HANDLE YOUR TRADES
A-BOOK
vs
B-BOOK
Most traders never ask how their broker makes money. The answer changes everything about who you can trust.
THE FUNDAMENTAL DIFFERENCE
A-BOOK
STP / ECN
Orders → Liquidity Providers
Earns from spreads/commissions
Your win = broker neutral
⚖ No conflict of interest
B-BOOK
MARKET MAKER
Orders kept in-house
Earns when you lose
Your win = broker loses
⚠ Conflict of interest
A-Book = broker aligned with you. B-Book = broker profits from your losses.
A-BOOK — THE TRANSPARENT MODEL
TRADERYOU A-BOOKBROKER LIQUIDITYBANKS / INSTITUTIONS MARKET 🌍
💵 Earns from spread or commission only. Not your losses.
Zero conflict of interest. Tighter spreads. Transparent pricing.
B-BOOK — THE CONFLICT MODEL
TRADERYOU B-BOOKMARKET MAKERCOUNTERPARTY BROKERPROFITS
❌ Your trade never leaves the broker. They take the other side.
💰 Broker profits = your losses. Built-in conflict of interest.
THE HYBRID MODEL — MOST BROKERS
SAME BROKER.
DIFFERENT BOOKS.
📊
Profitable traders / High volume → sent to A-Book. Broker passes the risk out.
👶
Smaller / Less profitable traders → kept on B-Book. Broker takes the other side.
⚙️
Dynamic allocation. Your book can change as your account grows.
Most retail traders start on the B-Book. Become consistently profitable and you get moved.
THE FLOW — HOW ORDERS TRAVEL
TRADERYOU A-BOOKSTP / ECN LIQUIDITYPROVIDERS MARKET 🌍 B-BOOKMARKET MAKER BROKER = COUNTERPARTY A-BOOK B-BOOK
A-BOOK
Broker = your partner
B-BOOK
Broker = your opponent
SPREADS — WHAT YOU PAY EVERY TRADE
SPREAD = BUY PRICE − SELL PRICE = BROKER'S CUT
GOLD XAU/USD — TYPICAL SPREADS
A-BOOK ECN
$0.18
A-BOOK STP
$0.30
B-BOOK FIXED
$0.55
B-BOOK NEWS
$3.00+
Variable spread (A-Book): tight in calm markets, widens slightly on news. Fair.
Fixed spread (B-Book): sounds stable but widens massively during news — exactly when you trade.
YOUR ACCOUNT TYPE ON PU PRIME
ONE ACCOUNT.
STANDARD.
STANDARD ACCOUNT ✓
Variable spread. STP execution. Access to all instruments. This is the account type used in this community.
When you open through the community link — select Standard Account. All the strategies, lot sizes, and examples in this vault are built around it.
Link in bio → Open PU Prime → Select Standard → Start trading with the full framework.
EXECUTION — WHAT ACTUALLY HAPPENS
YOU CLICK BUY AT $2,312
ORDER REACHES BROKER
A-BOOK STP
⚡ <100ms
Fills at $2,312
B-BOOK MM
⏱ 1–3 sec delay
Fills at $2,310 ▼
At 8:35AM during your entry window — a 2 second B-Book delay means price has already moved. You're filled at a worse price before your trade even starts.
5 B-BOOK TACTICS THAT COST YOU MONEY
01
Slippage — you click $2,312 and fill at $2,309. Happens constantly on volatile entries.
02
Requotes — broker rejects your price mid-click. "Price has changed. Accept new price?" You accept. It's worse.
03
Execution delay — broker holds your order 1–3 seconds. Watches which way price moves. Then fills you.
04
Stop hunting — broker can see your stop loss level. Brief price spike triggers it. Then price reverses.
05
Spread widening — right before 8:30AM news, spread explodes from $0.30 to $3.00. Your entry is immediately deep in the red.
A-BOOK BROKERS HAVE NO REASON TO DO ANY OF THIS
HOW TO SPOT YOUR BROKER'S MODEL
🔵
A-BOOK signs: STP, ECN, NDD, DMA — in their description. Variable spreads. Commission per trade. External liquidity listed.
🔴
B-BOOK signs: "Market Maker" in terms. Always fixed spreads. No liquidity providers mentioned. Deposit bonuses with lock-up conditions.
⚠️
Warning signs: Withdrawals delayed or questioned. Profits suddenly trigger account "review." Execution worsens when you start winning.
Test first: Deposit minimum. Place 3–5 trades. Check slippage. Withdraw immediately. If no problems — broker is likely legitimate.
KEY TAKEAWAYS
01
A-Book: your order goes to real market. Broker earns spread/commission only.
02
B-Book: broker takes opposite side. Profits directly from your losses.
03
Spread types: variable (A-Book, fair) vs fixed (B-Book, widens on news).
04
B-Book tactics: slippage, requotes, execution delay, stop hunting, spread widening.
05
PU Prime STP — A-Book model. Your orders go to real liquidity providers. No conflict.
IS TRADING REAL
Your broker is either
your partner or your opponent.
You now know which is which
and exactly why it matters.
— Type of Brokers
NEXT → HOW TO CHOOSE A BROKER
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