What is a forex broker?

bigdolly

Sergeant Major
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996
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
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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

Recruit
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17
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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