Virtual Dealer is one plugin which is equally popular and notorious amongst the Forex Brokers & Traders alike. And there is a reason for that.
Forex Virtual Dealer Plugin is a notorious tool for MT4 Forex Brokers who have a Dealing Desk or run B Book to take other side of trade. Profits made by Traders/Clients is brokers’ loss and vice versa. Forex Virtual Dealer Plugin works as a virtual dealing desk and it delays the trade thereby increasing slippage, increases the spread etc. to ensure clients don’t get too much profit which results in losses to forex broker.
Virtual Dealer actually works on behalf of broker’s dealing desk. It’s actually a dealing desk that settles & executes orders placed by traders and ensure they don’t take undue advantage and profits by way of scalping etc. Virtual Dealer uses different tricks like increasing spread, delaying trade execution etc. to ensure this.
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