Forex broker

Forex brokers are institutions that provides currency trading services to currency traders. This involves providing a trading platform along with news, advisories and other important information needed by Forex traders. Forex brokers constitute a tiny fraction of the total daily volume for the currency market. These brokers are usually market makers meaning they manually set prices of currencies available to their clients depending on the current liquidity of the currency market. However, the prices provided by retail forex brokers are close to the market prices of the currencies that they provide.