In terms of retail online forex trading, a Forex Broker is a company that facilitates the buying or selling of currency and other derivatives for clients. For their services, brokers are paid either a fixed commission or keep a portion of the spread (difference between the buy and sell price) for each trade.
In order to begin trading, a Forex Broker will require a trader to sign up with them, meet their regulatory requirements - usually a copy of your ID and proof of address - and also make an initial deposit of funds. Once signed up, the broker will provide traders with a trading platform through which to trade access the market.
Choosing a broker can be a difficult task and there are many factors to consider - by providing detailed profiles, advanced search functionality, reviews and other comparison tools, we hope to make the task a little easier!