What is a Forex Broker?

Forex Broker definitionA Forex Broker (or forex brokerage firm) is a company, institution - or an individual – acting as an intermediary between currency buyers and currency sellers. Usually though, forex brokers serve as the “transaction counterpart.” Recent Internet technologies and online dealing have made it easier for new forex brokers to see the light of day and new firms are sprouting up all over the web. So what is it that makes a good Forex Broker? And what is it that makes Finotec a great Forex Broker?Forex Brokers can be gauged according to four main criteria:Reliability. This is achieved by becoming a main industry player both through years of experience during which the firm gains recognition among the world’s leading financial institutions and through the consolidation of its client base. Quality institutions are usually registered with financial authorities such as the FSA. Only a few firms have achieved this level of reliability and business, and Finotec is of course one of them. Low spreads and leverage. The spreads offered by a Forex Broker are the reflection of the solidity and stability of its financial foundation. The lower the spreads, the better-established it is with major banks and the more efforts it makes towards its clients. As for leverage, the higher it is, the less money you have to deposit. Resources and tools. The larger and more serious the firm, the more it invests in R&D. This translates into more resources, more tools, better software, and more qualified personnel. For the client, this means “all-in-one trading”: all tools and resources required to trade are easily accessible from that same broker. Support. Although this may not seem so important at first glance, it is crucial. If you have the slightest technical problem with the software or if you have any questions, the best is to always have someone available to assist you – someone qualified! So why is Finotec the best forex broker?Because it fully meets those criteria and offers much more. Although we are not of those heavyweight financial institutions that have been in place for hundreds of years, we have managed to enter the big league of forex brokers in less than a decade. This success wouldn’t have been possible without our dedication to excellence and our innovative approach to trading.Not only do we offer low spreads and high leverage, we also provide our clients with advanced trading tools and daily analysis. written by our very own team of experts. Our assistance team is always there to help you with any problem you may encounter. We are constantly working on product and service and improvement to make forex trading easier and faster for our clients. Also, as an FSA (Financial Services Authority) registered company, we are committed to transparency in all areas of operation.In the end, it is the customer that decides who is the best forex broker. The relationship we build with our clients is based on trust and a will to succeed. Once traders start trading with us, they feel they can rely on us and they know that we are here to help them achieve their investment objectives.When trading forex with Finotec, you are in the best of hands, the hands of the best forex broker!