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What are the two agents that usually brokers use?
There are two agents that brokers usually use:
- Introducing Broker (IB): A separate third party that aims to introduce the broker's services to new clients with rewarding commissions.
- White Label (WL): A business arrangement where a company has an exclusive partnership with a forex broker to use their trading platform and technology to offer trading services under the company's own brand.
Continue Reading at Introducing Broker and White Label: What's the Difference?
How much leverage does forex broker usually offer?
Regulated brokers typically offer leverage in the range of 1:50 to 1:200, depending on the specific broker and the region.
Continue Reading at Trading Without Leverage, Is It Possible?
How do brokers differ from market makers?
They are different in terms of service. A broker makes money by bringing together assets to buyers and sellers. Meanwhile, a market maker helps create a market for investors to buy or sell securities.
Continue Reading at What Does a Market Maker Do Behind You?
How can brokers manipulate spreads?
Unregulated brokers sometimes mess around with the spreads. They didn't just do this for minor currencies, but sometimes also in major currency trades.
Forex brokers can use many reasons for doing this. They can blame the liquidity provider or a news release for unreasonably widening the spreads.
Continue Reading at 5 Times Forex Brokers Can Be Annoying
