A Forex broker is a financial service provider that facilitates the buying and selling of currencies in the foreign exchange market. They act as intermediaries between traders and the market, offering platforms for executing trades and providing access to market data.
Forex brokers typically earn money through spreads, which are the differences between the buying and selling prices of currency pairs. They may also charge commissions or fees for their services. Traders can choose from various types of brokers, including market makers, ECN brokers, and STP brokers, each offering different trading conditions and features.