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Foreign Exchange Brokers are intermediaries that facilitate the buying and selling of foreign currencies. They provide access to the foreign exchange market, allowing traders to buy and sell currencies at competitive prices. Brokers provide a range of services, such as market analysis, trading advice, and access to trading platforms. They also offer a range of trading tools, such as charts, indicators, and automated trading systems.
Foreign Exchange Brokers are regulated by financial authorities, such as the Financial Conduct Authority (FCA) in the UK. They must adhere to strict rules and regulations, such as capital requirements and customer protection.
Some of the major companies in the Foreign Exchange Brokers market include Saxo Bank, IG Group, CMC Markets, OANDA, and FOREX.com. Show Less Read more