Who Is A Forex Broker. Forex brokers give you access to foreign exchange trading and leverage to trade with. A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies.
A Forex broker serves as a link between a trader and the foreign exchange market. Forex brokers make their money by taking a slice of the pie when you make a trade. Without a Forex brokerage, retail foreign currency trading is impossible.
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The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies.
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You send them your money, they deposit your money into your brokerage account and you can start trading Forex with that money. The top CFTC regulated US forex brokers are. RELATED: The best Forex backtesting software.