In the world of trading, a forex broker plays a crucial role as a financial services company. They offer traders a platform where they can buy and sell foreign currencies.
A forex broker is sometimes referred to as a retail forex broker or a currency trading broker. They cater to a diverse range of clients, including retail currency traders who use these platforms to speculate on currency trends. Additionally, they serve large financial services firms that trade on behalf of investment banks and other customers.
While each forex broker firm handles only a small fraction of the total foreign exchange market volume, their services are invaluable to traders and investors alike.
In order to trade with my Expert Advisors, you will need to operate within a broker that offers MetaTrader 4 or 5 platform.
The broker you select to operate within is completely up to you. Based on the Expert Advisor/s you want to trade with, your broker selection will have a significant impact in the results you get.
Even if you trade with EAs that are not sensitive to spreads/slippages, it’s always recommended to operate with brokers that offer you the best trading conditions.
In the next few pages, I will give you a few tips on how to select a broker, and my top recommendations based on that.
If you already have a broker of preference, you can skip it and go directly to licenses section of this guide.