Forex Forums |

Go Back   Forex Lasers Forum > FOREX BROKERS > Broker Talk

What is the main role of the broker?

Broker Talk

LinkBack Thread Tools Search this Thread
Old 27-10-2018, 08:09
Level IV Lasers Member
Join Date: Jun 2015
Posts: 203
Default What is the main role of the broker?

Now days, it is obvious that everyone wants a perfect broker. But often that doesn’t happen, so what should be our expectations when it comes to selection of the broker? I personally have no major expectations, but just simple stuff and that’s to have a reliable and trustworthy broker. However, I am lucky enough to have broker like FreshForex, which not only is highly reliable and secure with regulation. But also got the feature to thrill like 101% deposit bonus, rebates giving upto 20 USD per lot. And much more. So, I believe the main role is reliability but anything else is just a luxury!
Reply With Quote
Old 21-12-2018, 11:29
Level IV Lasers Member
Join Date: Oct 2013
Posts: 181
Default Re: What is the main role of the broker?

To be a mediator I guess. They mustn't take the counterparty in your trades, otherwise they can be considered as market maker. And it's not very good for their clients because basically both trader and broker can be in profit simultaneously. Some of them will pay for others profit, so it should be a warning sign if you spot execution services in their venue.

Gladly there is nothing suspicious with my broker Hotforex so I can safely trade with them.
Reply With Quote
Old 29-12-2018, 13:53
Level IV Lasers Member
Join Date: Feb 2014
Posts: 205
Default Re: What is the main role of the broker?

If your forex broker is not a market maker, then it must offset your trades with another firm that is a market maker. That’s because market makers provide a vital function, not only in forex, but in many financial markets, including the major futures and stock exchanges.
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are Off
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Main Pairs And Gold Only, Long term piplaser Trading Journals 4 05-10-2018 15:05
Main Points – Dottor Market – indicator for MetaTrader 4 Metatrader Indicators FX Indicators Download Database 0 20-03-2018 21:30
Main Types of Forex traders ForexArticles Forex Articles 0 03-01-2017 19:46
What are the Main Factors of Fundamental Analysis? ForexArticles Forex Articles 0 27-01-2016 23:24
The Role of the Brokerage Firm ForexArticles Forex Articles 0 22-07-2015 08:52

All times are GMT. The time now is 01:22.

Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2020, vBulletin Solutions, Inc.