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Forex Broker

A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies.

The clients of a forex broker include retail currency traders who use these platforms for speculation on the direction of currencies.Their clients also include large financial services firms that trade on behalf of investment banks and other customers.

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01 Full-Service Broker

Full-service brokers, or financial advisers, offer more than one service – such as retirement and investment planning, tax advice and research. Someone who doesn’t have time to do their own financial planning might find this type of broker useful. Full-service brokers normally work for fee that is higher than other broker fees. The main difference between full-service brokers and other brokers is the amount of services they offer.

02 Discount Broker

A discount broker is a broker that charges a lower commission, because they don’t offer any advice or value-adds like research and planning to your trade, they only execute. Typically, the more trades they execute for you, the lower the cost. If you choose this type of broker, you would need to manage your portfolio yourself.

Research On The Forex Market

How can I start trading Forex?

You'll need to register a trading account with a Forex broker, such as AGEA. Then you can begin using their Forex client program to buy and sell currencies. This will take less than 5 minutes of your time!

Who owns Forex and where is it located?

It isn't owned by anyone in particular. Forex is an interbank market, meaning that its transactions are conducted only between two participants — seller and the buyer. So as long as the current banking system will exist, Forex will be here. It isn't connected to any specific country or government organization.

What are the working hours of Forex market?

Forex market is open from 22:00 GMT Sunday (opening of the Australian trading session) till 22:00 GMT Friday (closing of the US trading session).

We endeavor to give you the best trading experience. We provide you a trading platform where you have access to trade more than thousands of financial products with our fully regulated and award-winning platform providers which have global presence.