What is a forex broker?

A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies. Forex is short for foreign exchange. Transactions in the forex market are always between a pair of two different currencies. A forex broker may also known be as a retail forex broker or a currency trading broker.

Do you need a reputable online broker to trade Forex?

To trade forex, you need a reputable online broker. Trading with a trusted forex broker is a crucial factor for success in international currency markets. As a contract for difference (CFD) trader or forex investor, you may have specific needs related to which platform, trading tools, or research requirements you have.

What is easymarkets forex broker?

Introduction EasyMarkets is a Forex broker founded in Cyprus back in 2001. The broker was initially known as Easy-Forex until rebranding back in 2016. On top of Forex trading, EasyMarkets provides a wide range of products to include derivatives (options, forwards and futures) and CFDs in commodities, indices, and cryptocurrencies.

Is IC Markets a good forex broker?

IC Markets is the largest forex broker by trading volume, with over $774 billion in forex trading volume in the third quarter of 2021 alone, according to data compiled by Finance Magnates. IC Markets is also well-known as an excellent option for algorithmic traders due to its great pricing and execution.