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.

What is retail forex trading?

It’s also known as 'retail Forex trading', and currencies can be bought and sold in seconds. Since the introduction of online trading, anyone can enter the global marketplace through an online broker and access the same trades as banks and large financial institutions. Where have you heard about retail foreign exchange trading?

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.

When did forex trading start?

Prior to the development of forex trading platforms in the late 1990s, forex trading was restricted to large financial institutions. It was the development of the internet, trading software, and forex brokers allowing trading on margin, that started the growth of retail trading.