A Forex Trading Broker is an intermediary who has a license to buy and sell forex pairs on behalf of retail forex trading clients. Forex Trading Brokers coordinate real time online transactions between retail buyers and wholesale sellers, usually for a small spread (commission). A Forex bTrading Broker will pass your orders to a partner in the Interbank Market to fill your position.
When you close your trade, the broker will close the position for you and credit your account with any gains or losses. A good broker should offer fast, reliable execution of your forex trades and well priced fixed or variable spreads along with 24 / 7 service.
