Broker refers to a broker who specializes in introducing transactions, acting as an intermediary between the supply and demand of foreign exchange and receiving commissions.
Foreign exchange brokers are regulated by NFA, FCA and ASIC.
Foreign exchange brokers in only play the role of intermediaries, is to earn commission for the purpose, its main task is to provide correct and rapid trading information, in order to promote the smooth conduct of foreign exchange transactions, for the customer to negotiate, belong to the buyer and seller between, draw together, through the contact, directly or indirectly from the bank business.
Foreign exchange brokers and Brokers themselves The profit and loss risks of foreign exchange trading as intermediaries, the costs and commissions of their work as intermediaries. Foreign exchange brokers are familiar with the market situation of foreign exchange supply and demand, the analysis of news and charts, as well as the fluctuation of exchange rates and trading procedures.
