What is a forex broker?

A forex broker is a link between a trader and the network of banks that have access to forex liquidity. Forex brokers give you access to foreign exchange trading and leverage to trade with. Before you start trading forex, make sure you educate yourself and verify that your broker is reputable.

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.

Do forex brokers use multiple banks?

Many forex brokers use multiple banks for pricing, and they'll offer you the best one available. A forex broker is a link between a trader and the network of banks that have access to forex liquidity. Forex brokers give you access to foreign exchange trading and leverage to trade with.

How do I know if my forex broker is regulated?

We’ve also put together a step-by-step guide to help you determine if your forex broker is well-regulated: Find its license number: Identify the broker’s registration number from the disclosure text at the bottom of the broker's homepage.