⭐ Retail Brokers vs Prime Brokers vs Interbank
Trying to understand the structure of Forex brokers industry? Who do you trade with? Who CAN you trade with?
Retail Forex brokers (the vast majority of brokers on the market you've met) are here to serve retails traders, e.g. regular traders, me and you.
Majority of traders can have access only to Retail Forex brokers.
This rule is mostly defined by the amount of Deposit most of retail traders are able to make to start trading Forex.
Retail Forex brokers are able to accommodate lower deposit amounts than any other higher hierarchy broker.
Prime brokers - they represent the minority.
So, yes, this level would be oftentimes unreachable to retail clients.
And lastly Interbank level.
As you may guess, retail clients can't trade there. This is the "beehive" of all financial operations. True Prime brokers (not "pretend to be" ones), have access to this level.