When you want to get into the forex world, the first thing you need to do is create an account at a forex broker. But the question is, who is the broker? Simply put, a broker is a company or an individual who has collaborated with a major bank or producer to trade foreign exchange to forex traders.
So, looking at these conditions, you as a trader need to realize that direct transactions with banks or other major foreign exchange producers cannot be carried out. So to carry out these transactions, a liaison is required which is often referred to as a broker. So when viewed from this understanding, the role of a broker for traders is very important
Given the importance of brokers in the forex world, now you need to be careful when choosing a broker. In short, there are several important things that need to be considered when choosing a broker.