What is the role of the brokerage firm, exactly?

What is the role of the brokerage firm, exactly?

In normal circumstances that the brokerage firm is a company that:

Play the role of mediator between traders, buyers and sellers.

Provide a trading platform that contains the spot foreign exchange rates and graphs, charts and indicators and data transactions orders.

Provide economic services such as news, analysis and recommendations and other services such as customer

Transactions are implemented through the commands that puts the client on the trading platform.

The brokerage firm takes taxi on this work and other services and this religiously permissible.

As you play the role of mediator between the merchant and the main financier of bank funds transactions.

Here please do not choose a brokerage firm that earn through commissions funding because it is contrary to the law, he chose the company that wins through the Spread only (ie taxi difference between the purchase price and the selling price on the deal) or profit from

the commission, and not from borrowing.

Are brokerage firms controlled?

Best brokerage firms that are subject to the laws Forex and licensed by the bank in the state where its offices are located, and in the table below most famous international regulatory bodies around the world.

Regulatory and supervisory bodies in the currency market

To ensure work with any brokerage firm in any place around the world must make sure that the company is subject to the laws of their country and have license to

do so by registering in one of the regulatory bodies or regulatory agencies, which in turn helps you to not be fooled by the selection of a brokerage firm in forex, and we our part we will these