Broker
Also called: forex broker
The firm that gives you access to the market, holds your funds and executes your orders. Choose one that is regulated by a credible authority where you live.
Related terms
Regulated broker
A broker licensed and supervised by a financial regulator, which…
ECN broker
A broker that routes orders to an electronic network of liquidity…
Market maker
A broker or bank that quotes both a bid and an ask and takes the…
Balance
Your account value from closed trades, deposits and withdrawals,…
Cent account
An account denominated in cents, so balances and lot values are…
Commission
A fixed fee per lot charged by some account types, usually…
Learn more
- What is forex trading? A plain-English guide
- What is a pip in forex? Pips, pipettes and pip value
- Lot sizes explained: standard, mini, micro and nano lots
- How to read a forex signal (and act on it safely)
- Leverage and margin in forex, explained simply
- How to spot forex signal scams on Telegram and social media
- Are forex signals legit, legal and worth it?