A broker is a financial service provider that enables access to financial markets and executes orders on behalf of clients. Brokers may act as pure intermediaries, forwarding orders to the interbank market or an exchange, or as market makers, setting their own prices and acting as the counterparty to client trades.
The choice of broker has a direct impact on trading costs, execution quality, available markets, platforms, and regulatory security. Key selection criteria include spreads, commissions, deposit protection, regulation, and technical infrastructure.
In forex trading, brokers often offer leveraged products, which can increase both potential opportunities and risks.
A trustworthy, well-regulated broker forms the foundation of any professional trading activity.
