Forex Brokers:

Most forex traders use a broker to handle their transactions. What exactly is a broker? Strictly speaking, forex broker competition is an individual or a company that buys and sells orders according the investor's decisions. Forex Brokers competition earns money by charging a commission or a fee for their services.

A FOREX broker competition needs to be associated with a large financial institution such as a bank in order to provide the funds necessary for margin trading. In the United States forex broker competitive should be registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) as protection against fraud and abusive trade practices.

Before trading FOREX you need to set up an account with a FOREX broker. You may feel overwhelmed by the number of forex broker's competition who offers their services online. Deciding on a broker requires a little bit of research on your part, but the time spent will give you insight into the services that are available and fees charged by various brokers.

Customer satisfaction and safety are just part of the story. You want to find forex broker competition who executes orders quickly and with minimum slippage. All online brokers should offer automatic execution and have clear policies regarding slippage. They should be able to tell you how much slippage can be expected in both normal and fast-moving markets.