Brokers & Brokerages

What is a broker? What is a brokerage?

A broker is a person paid a fee or commission for executing buy or sell orders for a customer. (Source: CFTC)

In commerce, a broker is a party that mediates between a buyer and a seller. A broker who also acts as a seller or as a buyer becomes a principal party to the deal.

A brokerage is a firm that acts as a broker.

Retail forex brokers or market makers handle a minute fraction of the total volume of the foreign exchange market. According to CNN, one retail broker estimates retail volume at $25-50 billion daily, which is about 2% of the whole market. (Source: Wikipedia)

Related Resources:
Currency Brokers & Dealers