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...

bigdolly

2nd Lieutenant
Messages
1,106
Can anyone explain what is a forex broker?

It is a a company which offers access to financial markets for some fee. This fee is called commission (or broker markup0. Sometimes brokers act as market makers sometimes they transmit your orders to liquidity provider which is counterparty to your orders - your win is his loss and vice versa. It is very important to make sure there is no conflict of interest between you and your broker - you cooperate, not fight.
 

FxAnbu

Recruit
Messages
10
In this forex broker are client to Banker intermediate person. and then then are registered in regulation Banking. They are supporting to banker to clients
 

ele020

Sergeant
Messages
125
Can anyone explain what is a forex broker?

Can anyone explain what is a forex broker?
A forex broker is a medium that enables a trader to place trade in the wide market. The main purpose of a forex broker is that it acts as an medium between the trader and the liquidity providers from where the trades are executed. More the number of liquidity providers a broker is situate with, better is the price feed.
 
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