Release date: 2020-04-15 10:56
Brokers are individuals or firms that act as intermediaries between buyers and sellers. In foreign exchange, brokerage providers individual traders access to a trading platform that allows them to buy and sell currency pairs. Brokers can be compensated through commission or spread. Depending on the execution model applied, brokers can be divided into ECNs, Market Makers, Dealing Desk and Non-dealing Desk.