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Basically, a forex broker is a company which provides a platform for individuals who like to engage in speculative trading of currencies. This type of forex trading, where individuals get to trade via a platform is also known as ‘retail forex trading’, a term used to distinguish it from the more traditional type of forex trading. Even ... One forex broker may charge you 10 times less for the same trade than another. Take note of “hidden” fees, such as withdrawals fees, or inactivity fees. Market Coverage – You need to be able to trade the fx pair or product of your choice/preference. Forex Broker Types. There exist several types of brokers: Market Maker Brokerage companies and Direct Market Access ones. DMA brokers separated into two types ECN and ECN/STP. Electronic Communication Network (ECN) brokers allow you to trade only between other traders. So if no liquidity is on the market, your trades will get slippage, and you ... List of Top 25 The Best Forex Brokers in 2020 for buy sell major currency, Lets compare our fully regulated online trading company and platforms. The global foreign exchange (forex) market is the largest and most actively traded financial market in the world, by far. When looking for the "best" forex broker, both beginners and experienced ...
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