A forex broker, also known as a retail forex broker, or currency trading broker, in modern financial and commercial trading means an intermediary who buys and sells a particular asset or assets for a commission. Thus, a broker may be thought of as a salesman of financial assets. The origin of the term is unclear, though it is thought to stem from old French.
The role of the broker has commonly been found in equities, commodities, derivatives and even insurance and real estate markets since the beginning of the modern era. And until the dawn of the internet age, most brokers operated by phone. Clients could phone in their orders of trades, and brokers would buy and sell assets on behalf of their client’s accounts for a percentage-based commission.
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