What is a forex broker?

A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies. Forex is short for foreign exchange. Transactions in the forex market are always between a pair of two different currencies. A forex broker may also known be as a retail forex broker or a currency trading broker.

How to find the license of a forex broker?

Licensed Forex brokers usually provide their licenses and company names on their websites. If you cannot find this information, you should play it safe and double-check the legality of the broker. The second step is to copy the license number or the company name from the broker’s website.

Do you need a reputable online broker to trade Forex?

To trade forex, you need a reputable online broker. Trading with a trusted forex broker is a crucial factor for success in international currency markets. As a contract for difference (CFD) trader or forex investor, you may have specific needs related to which platform, trading tools, or research requirements you have.

What are forex regulations?

Forex Regulations are laid down to protect the interests of clients and ensure fair operations at Forex brokers.