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A broker is a financial services company that provides traders access to a platform for buying and selling currencies, shares, commodities, and other financial instruments. A forex broker may also known be as a retail forex broker or a currency trading broker

Therefore, brokers are independent players in over-the-counter (OTC) financial or nonfinancial markets. Their role primarily consists of providing a point of contact for institutional clients seeking to buy or sell financial or non-financial products. The brokers receive a commission on each client transaction.