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Basically, a forex broker is a company which provides a platform for individuals who like to engage in speculative trading of currencies. This type of forex trading, where individuals get to trade via a platform is also known as ‘retail forex trading’, a term used to distinguish it from the more traditional type of forex trading. Even ... NEWS: * FP Markets has been named as "Best Global Forex Broker" at the Global Forex Awards 2020 (to add to its award in 2019). SPREADS LATEST: ** Data acquired from our server shows our EURUSD spread to be 0.0 pips on average 55.84% of the time from 01-08-2020 to 31-08-2020 (available for our RAW Spread trading accounts only). Forex Broker Types. There exist several types of brokers: Market Maker Brokerage companies and Direct Market Access ones. DMA brokers separated into two types ECN and ECN/STP. Electronic Communication Network (ECN) brokers allow you to trade only between other traders. So if no liquidity is on the market, your trades will get slippage, and you ... A Forex broker is an intermediary between a trader and the currency market. Retail foreign exchange trading is not possible without a Forex brokerage. A good broker provides a trading platform, accepts deposits and processes withdrawals, provides leverage, and promptly executes trading orders.Sometimes, FX brokerage companies would also offer education, bonuses, trade copying, and other ... The forex market is the largest and most liquid market in the world, representing every global currency with trading conducted 24 hours a day, five days a week. To trade forex, you need an online broker. Trading with a trusted forex broker is crucial for success in international currency markets.
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