The Role of Forex Brokers
As mentioned on the Home Page, Forex Brokers are the “middleman” enabling the trade of currencies. Apart from being the intermediary, forex brokers also play an important role in the market and offer a number of benefits.
Forex Brokers give advice to their clients. As the forex market is so huge, they provide all sorts of market analyses and research. Clients are given the best prices of the leading currencies. Furthermore, the top forex brokers also provide traders with education. This may include e-books, webinars and videos.
Traders pay these brokers no commission. Forex brokers make their money based on pips. In other words, a trader gets exactly the amount made from trades.
Technology is always moving forward. Trading platforms, software, robots and automated systems are constantly being developed and fine-tuned. Forex Brokers make these available to their clients. Some forex brokers provide their own trading platforms while others make use of world-leading platforms.
A very good forex broker will also provide support for their clients. The reviews on this website include the “support” topic. It is advisable to open a few demo accounts before finally selecting a forex broker that meets the needs of the individual trader.