Harsh333 Posted February 9, 2021 Report Share Posted February 9, 2021 A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies. Forex is short for foreign exchange. Transactions in the forex market are always between a pair of two different currencies. A forex broker may also known be as a retail forex broker or a currency trading broker. Understanding the Forex Broker The foreign exchange market is by necessity a global and 24-hour market. The clients of a forex broker include retail currency traders who use these platforms for speculation on the direction of currencies. Their clients also include large financial services firms that trade on behalf of investment banks and other customers. Link to comment Share on other sites More sharing options...
papia09 Posted May 18, 2021 Report Share Posted May 18, 2021 Forex Brokers means a foreign decentralized market over the world where are foreign currencies exchange and its transaction ways between by pair of two foreign currencies this is also financial service company where traders can buy and sell foreign currencies. Globally day by day it is going on more popular causes of much fantasy like.. 1. Global Market 2. Networking systems 3.More profits 4.Best Secure 5.More benefits & Bonuses system Link to comment Share on other sites More sharing options...
Michael Butcher Posted May 25, 2021 Report Share Posted May 25, 2021 Reviews of brokers are important part for choosing broker. You need to have a lot of researching info, maybe, comments, study of licenses and so on. When I was looking for the right broker I found the good site Finarm. I learnt a lot of info about brokers on this site. You should check it! Link to comment Share on other sites More sharing options...
Breed Posted January 27, 2023 Report Share Posted January 27, 2023 On 5/25/2021 at 4:52 AM, Michael Butcher said: Reviews of brokers are important part for choosing broker. You need to have a lot of researching info, maybe, comments, study of licenses and so on. When I was looking for the right broker I found the good site Finarm. I learnt a lot of info about brokers on this site. You should check it! I agree, it's also important you verify your broker with the agency regulating them, don't just base your decision on some paper work you saw on their site. I did this with Forexchief, checking to make sure they were really regulated and licensed by FMA and VFSC respectively. Link to comment Share on other sites More sharing options...
Digital Rahul Posted March 6, 2023 Report Share Posted March 6, 2023 Forex brokers are online businesses that offer a marketplace where traders can purchase and sell foreign currency using their own funds. Online brokers that are simple to use, affordable, and offer educational tools to help beginners get started are the best forex brokers for beginners. Link to comment Share on other sites More sharing options...
Elliot Harris Posted October 22, 2023 Report Share Posted October 22, 2023 The term "best" is relatively imprecise, in my opinion. However, you can check for licensed brokers with positive evaluations. FreshForex merits this honor to be among the best brokers with the lowest spread. Besides this, I give this broker a higher rating because of their industry transparency. Link to comment Share on other sites More sharing options...
pradegxs Posted November 3, 2023 Report Share Posted November 3, 2023 On 2/9/2021 at 10:03 PM, Harsh333 said: A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies. Forex is short for foreign exchange. Transactions in the forex market are always between a pair of two different currencies. A forex broker may also known be as a retail forex broker or a currency trading broker. Understanding the Forex Broker The foreign exchange market is by necessity a global and 24-hour market. The clients of a forex broker include retail currency traders who use these platforms for speculation on the direction of currencies. Their clients also include large financial services firms that trade on behalf of investment banks and other customers. One aspect I particularly appreciate about my broker, Hotforex, is their provision of a zero spread account, which proves to be an excellent choice for trading during news events. Additionally, I find great value in their credit bonus feature, as it bolsters your margin, enabling the possibility of achieving a higher expected return from market spikes following news releases. Link to comment Share on other sites More sharing options...
tradesprint Posted March 26 Report Share Posted March 26 On 3/6/2023 at 12:37 PM, Digital Rahul said: Forex brokers are online businesses that offer a marketplace where traders can purchase and sell foreign currency using their own funds. Online brokers that are simple to use, affordable, and offer educational tools to help beginners get started are the best forex brokers for beginners. Still it is really hard to recommend a broker these days since there is lot of competition and many brokers coming and winding up every days. I guess we better research these brokers first by sorting them on their reputation and then finalizing the right broker. Link to comment Share on other sites More sharing options...
nextop Posted March 29 Report Share Posted March 29 Any forex broker enables crypto trading? Link to comment Share on other sites More sharing options...
sendong Posted March 30 Report Share Posted March 30 I believe after the last crypto bear run, most forex brokers avoided offering crypto, only a few remain, hotforex used to have it, i believe not anymore, lmfx has a separate platform for it. a quick google search should get you some answers. Link to comment Share on other sites More sharing options...
tradesprint Posted April 4 Report Share Posted April 4 I believe both the hotforex and lmfx are good brokers to be shortlisted while looking for a decent broker in my opinion. Link to comment Share on other sites More sharing options...
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