What is a forex broker?

Forex market is built on an interbank system – a global network where financial institutions trade currencies directly between themselves.

Forex market is built on an interbank system – a global network where financial institutions trade currencies directly between themselves.

For everyday retail traders to access this network, they need to use a broker. Brokers enable traders to buy and sell currency pairs and offer services like leveraged trading. In turn, brokers make money from the spread – the difference between the buy and sell price – and other fees such as commission charges.

However, not all brokers are equally reliable. And before investing money in this or that broker, be sure to read the trusted broker reviews on the Scam Brokers Reviews site https://scambrokersreviews.com/ , this will help you avoid losing money.


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