All of this talk about the CFTC has made me start wondering.. how exactly DO brokers work? Like, where do they get their currency trading prices? And, how do THEY convert currency? For example, to change a dollar to a peso, I go to bank that converts it for me. Most brokers are not banks so, do they have a bunch of bank accounts as different currencies to give and take from?
I am just wondering if anyone knows... there are a HUGE number of brokers out there so it doesnt seem like it would be really difficult to set up but besides obviously meeting regulatory requirements.. like banks in the US are WAY easy.
Oh well.. ideas or thoughts?
I am just wondering if anyone knows... there are a HUGE number of brokers out there so it doesnt seem like it would be really difficult to set up but besides obviously meeting regulatory requirements.. like banks in the US are WAY easy.
Oh well.. ideas or thoughts?