A forex broker works as an intermediary between you and the interbank system. If you don't know what the interbank is, it's a term that refers to networks of banks that trade with each other.
Typically a forex broker will offer you a price from the banks where they have lines of credit and access to forex liquidity. Many forex brokers use multiple banks for pricing, and they'll offer you the best one available.
Each forex broker has different account offerings. Here are four areas to consider when comparing features among brokers: leverage and margin; commissions and spread; initial deposit requirements; and ease of deposits and withdrawals. For more information, contact the European stocks broker RoboMarkets. Here you can get the necessary information support and access to well-known trading platforms and the proprietary development of the RoboMarkets web trader for stocks trading and investments
Funding and withdrawing money from your account is very important. You should find out what funding methods the broker offers. For example, almost all brokers accept Credit/Debit cards, Bank Wire transfers, Skrill (Moneybookers), and PayPal. It’s recommended that you check what are all the available funding methods and what fees are applied for each method. Also, check out if the broker has any minimum deposit and withdrawal requirements.
Unfortunately, there are many scam brokers in forex. And having a license from a broker does not guarantee honesty. Read the reviews on Global Fraud Protection before investing in any broker. Over 400 fraudulent brokers have been exposed by Global Fraud Protection. In particular, you can study information about TriumphFX fraudulent broker to learn about trading scam and protect yourself.