please tell me what the "broker" is
glossary FAQ: glossary.
Finnegan I. From Bellevue, United States
24 October, 2009
a "broker " is An agent, who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. In the foreign exchange market brokers tend to act as intermediaries between banks bringing buyers and sellers together for a commission paid by the initiator or by both parties. There are four or five major global brokers operating through subsidiaries affiliates and partners in many countries. Visit MoneyForex
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- The Company:
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- Specs:
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- Ups:
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- Downs:
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- Wrap up:
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