A foreign exchange broker refers to an intermediary that specifically introduces transactions in foreign exchange transactions , acts as an intermediary between the supply and demand sides of foreign exchange, and collects commissions from them. Forex brokers are regulated by NFA, FCA, and ASIC.
Forex brokers only play the role of intermediaries in the foreign exchange market , with the purpose of earning commissions. Their main task is to provide correct and rapid transaction information to promote the smooth progress of foreign exchange transactions, and to negotiate foreign exchange transactions for customers on behalf of customers . , which belongs to the buyer and the seller, draw together, through the contact of foreign exchange brokers , directly or indirectly from the bank. Forex brokers and their own intermediaries, the risk of profit and loss in foreign exchange transactions, and the commission income of their intermediary work. Forex brokers are familiar with the supply and demand of foreign exchange in the market, the analysis of news and charts, as well as exchange rate fluctuations and trading procedures, so investment People are happy to use it.
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