Exness A-Book or B-Book — What It Means
A-book and B-book describe how a broker handles client orders; this page explains the terms so you understand the concept rather than guessing.
Open Exness Account →A-book and B-book describe how a broker handles client orders. A-book passes orders to external liquidity providers, while B-book means the broker takes the other side internally; many brokers use a hybrid depending on the order. The model can affect execution, and order-execution policy is set out in the legal documents.
A-book vs B-book explained
- A-book means client orders are passed to external liquidity providers.
- B-book means the broker takes the other side internally.
- Many brokers use a hybrid of both depending on the order.
- The model can affect execution and conflict-of-interest handling.
- Order-execution policies are set out in the legal documents.
Frequently asked questions
What is the difference between A-book and B-book?
A-book passes client orders to external liquidity providers; B-book means the broker takes the other side internally. Hybrids of both are common.
Is Exness an A book or B book broker?
Whether Exness is an A book or B book broker comes down to order routing: an A book broker passes orders to liquidity providers, while a B book broker takes the other side. Exness sets out its order-execution approach in its legal documents, and many brokers apply a hybrid of A book and B book depending on the order.