What is a forex broker?

Solution
A forex broker is a company that offers people who want to trade currencies and other assets the chance to do so through their services. Forex brokers offer financial services to traders and thus they act as a portal for traders to enter and trade in the forex markets.

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Forex brokers enable their clients to trade through a platform that the broker offers. Many forex brokers offer their trading services through the famous MT4 platform, or its more recent version MT5.

Forex brokers often are connected to banks or market makers who provide liquidity and help execute the transactions for traders through the broker. Some brokers are connected to more than one bank and thus they can offer better prices, i.e. lower spreads for...
Forex broker is basically the one which provides us with the required technology to initiate our trading in the forex market in return for a nominal commission.
 
By definition, a brokerage company is a professional participant of the financial market, a link between a market maker and a client, works on behalf of a client and receives a commission for that. The broker does not care what his client wants to buy or sell - his business is to inform the client about quotes of the market-maker and make deals on his order. The broker earns a fixed commission on each client's trade, whether the trade is profitable or unprofitable. To serve customers, the broker opens special brokerage accounts where customers' money is kept.
 
In simple terms, you open an account with a forex broker in order to trade. They give you login details and access to a trading platform (like MT4).
You then deposit money into your trading account and withdraw that way when you profit. If you need help with anything, you can reach out to support through your broker and they can help with everything from forgetting your password to investigating a trade if you feel that something went wrong.
It’s also important to note that different brokers offer different conditions. For example, one broker might require you to deposit $10 in order to open an account, while another might require a $300 deposit. Brokers also differ in terms of fees, methods available for depositing, hours that support is available, and so on.
 
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