About Brokers

Brokers are companies that will offer prices on forex pairs according to the prices provided by the banks affiliated with them. One broker company is usually connected with several banks to provide these prices, and shows the best price quotes for traders. In addition, the broker also offers various facilities that make it easier for small investors and traders, including:

1. Brokers provide leverage for traders.
2. Brokers provide trading platforms or software.
3. Forex analysis tool so that traders do not trade carelessly.

Reciprocity to Brokers

In return for its services in connecting traders with the interbank market and providing various trading facilities, brokers charge some fees that traders must pay, namely in the form of Spreads and Commission Fees (commission fees). Spread is the difference between the selling price and the purchase price in each forex pair, while the Commission Fee is a number of certain costs that must be paid by the trader for each forex transaction.