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Robots Glossary

Broker (Forex Broker)

Broker - A financial services company that provides traders access to a trading platform for buying and selling currencies (and often other instruments like CFDs). The broker acts as an intermediary, executing your buy/sell orders in the market. Brokers make money through spreads, commissions, or other fees for facilitating trades. Choosing a reliable broker is crucial for automated trading systems, since execution quality, fees, and available assets will directly affect a forex robot’s performance.