Forex Appendix – Forex Definitions: For the purposes of this document, and for an understanding of general industry terms, we have put together a list of terminology definitions: Brokerage = legal entity allowed to open customer accounts and collect customer money. Broker = an employee of the brokerage that is working with a customer. Introducing […]
Like in the banking industry, the brokerage industry has special services dedicated to special clients. These services are offered exclusively to these clients and are not part of the regular offer the brokerage house has. Such a brokerage house is being called a prime brokerage. The Role of the Prime Brokerage Most of the […]
Establishing a new brokerage house is subject to many hurdles, but this is something valid for other industries as well. The decisions to be taken at the moment a new brokerage house is started are decisive for the way it will expand its future activities. The most difficult part in starting such a business is […]
Recent years brought an amazing development for the online industries and retail forex trading was one of those industries benefiting the most. Technological developments made it easier and easier for forex brokers to offer their customers access to the currency markets. But these developments also meant that new industries were born, such as the binary […]
Retail forex traders face a tough decision when deciding the brokerage house to use as not all brokers are what they are claiming to be. There are brokers that keep part of the trades “in-house”, meaning they will mirror their client’s trades, as well as brokers that are ECN (Electronic Communication Network) or STP (Straight […]
Running a brokerage business is, like any other business, subject to incomes and expenses. While most of the expenses are related to keeping up with the technology changes and to advertising, when it comes to the incomes a broker has, things are pretty simple. Either through spreads or commissions, or both, the forex broker earns […]
