What is a Forex broker
A foreign exchange broker, also known as a retail forex broker, or currency trading broker, in modern financial and commercial trading means an intermediary who buys and sells a particular asset or assets for a commission. The term is typically used for currency exchange companies that offer physical delivery rather than speculative trading, there is a physical delivery of currency to a bank account.
Forex companies are normally distinct from money transfer companies or remittance companies and bureaux de change as they typically perform high-value transfers unlike their money transfer counterparts that focus on high-volume low-value transfers generally by economic migrants back to their home country or to provide cash for travelers. Transactions can be either spot transactions or forward transactions.
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