⭐ FOREX BROKERS GUIDE

Who is a Forex Broker?

• Forex broker — is a financial company that is duly registered and licensed by the local governmental authorities to conduct Foreign exchange activities — e.g. facilitate buying and selling foreign currencies online, in person or over the phone.
• Forex broker — enables individual investors to participate & speculate in the Forex market.
• Forex broker — links Forex traders to Forex liquidity sources (a global network of large and small liquidity providers, such as Banks, Investments firms, other brokers etc).
• Forex broker — an intermediary between buyers and sellers in the Forex market (e.g. a middleman between retail & corporate investors).
• Forex broker — is also known as "online forex broker", "retail forex broker" (or "institutional forex broker"), "foreign exchange broker", "currency trading broker".

Who is NOT a Forex Broker?

• An individual is not a broker.
• An anonymous website offering Foreign exchange is not a broker.
• An unregistered company offering Forex trading is not a broker.

What does a Forex Broker DO?

Forex brokers allow retail (individual) and institutional (corporate) investors open live Forex trading accounts, deposit funds & proceed with buying and selling currencies for the purpose of earning profits.

Where to FIND Forex Brokers?

Since Forex brokerage is mainly an online-based type of business, the search for it also starts online.
It's not difficult to find a List of Forex brokers, it's far more challenging to sort through the list to find the Best Forex brokers.

What TYPES of Forex Brokers are there?

There are 2 Major types of Forex Brokers: Dealing Desk Brokers (DD) and Non-Dealing Desk Brokers (NDD).
Dealing Desk Brokers are Market Makers (MM), who in its turn could be pure Market Makers (B-book) or Hybrid Market Makers (A-book+B-book).
Non-Dealing Desk Brokers are: STP Brokers (Agents), DMA Brokers and ECN Brokers.

What is the MOST COMMON TYPE of Broker in Forex?

Since Forex trading is done Over-the-Counter (OTC) and has no centralized exchange, the most common type of Broker in Forex is a Market Maker.
Further among Market Makers, the most common type is a Hybrid Market Maker (A+B-book).

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