Broker 

Broker - a person or company that is an intermediary and provides specialized services in the field of finance.

Thanks to brokers, you can get access to any valuable assets and you can also get advice and recommendations, training, assistance in paperwork, support in transactions, communication with banking companies and analytical information. Without a reliable Forex broker, there are risks, therefore, before you start trading, you should take care of choosing a suitable broker for yourself.

First of all, you need to know that at Forex brokers are specialized companies that provide traders with access to trading and analytical information, as well as leverage to simplify trading. Also, brokers are real professionals in the field of finance and the foreign exchange market.

But brokers charge a certain fee for their services. It is deducted either from each operation of the trader, or from the spread. This commission is the profit for which the broker works.

It is completely logical that the broker's main desire is to increase the client’s earnings which makes his own profit higher. Therefore, often traders have been working with a trusted broker for years because long-term fruitful collaboration is beneficial to both parties.

Advantages that a trader gets when working with a broker:

• Accurate and proper paperwork. Instead of spending your own time collecting and preparing documents, the broker will provide specialists who will do this work quickly and efficiently. Often, this also applies to business negotiations.
• The most accurate quotes. Brokers provide accurate and timely information, minimizing your chances of acquiring assets with poor liquidity.
• Ease of finding new offers. The broker can take on the selection of offers and offer the most profitable.

All brokerage firms are divided into four main types:

• Exchange - a brokerage company that has the right to purchase / sell securities, precious metals, trade in the foreign exchange market and special trust management of client funds.
• Insurance - the provision of insurance services, assistance in situations requiring claims, is also involved in the sale of insurance policies.
• Credit - a key intermediary between the bank and its client. Helps in operations with credit, collection and paperwork.
• Customs - providing assistance in the collection and execution of documents related to operations on the transport of goods across borders.

If you want to engage in Forex trading, the first thing to do is find a broker. It is worth approaching this with all seriousness and attention. There can be several factors on the basis of which a choice will be made.

As a rule, pay attention when choosing a broker:

• The broker has been around a long time on the market and has a positive reputation, reviews of his work can be found on the Internet.
• The broker must have all the appropriate licenses, fully legally certified and currently valid.
• A broker must be registered as a legal entity and have documents confirming this.
• The broker should not have litigation and conflicts with former customers. Usually, on the network you can find the necessary information in the public domain.
• The broker offers certain insurance payments, as well as their own fees for their services. The more high-quality services a particular broker offers, the higher the commission for them will be.
• A lot of subjective factors that somehow affect the choice of a trader in favor of a broker. This may be the convenience of service, trading conditions, time on market, even location. Factors depend on each trader.

There are many brokers on the market, both small firms and large, with many clients. The result of Forex trading depends on the right choice, therefore, do not take it lightly. Do not ignore reports with reviews about the work of the broker that interested you.