What is a Forex Broker?

A Forex Broker is the middle part that matches up buyers and sellers for Forex transactions. There are several types of Forex Brokers, but the main job is the same, to give buyers and sellers access to the Forex trading market. A Forex broker is an intermediary between you and the "interbank". Typically a Forex Broker will offer you a price from the banks that they have relationships with. To get an account with a Forex broker, it's a bit like opening a bank account. Forex Brokers also offer you leverage. The ability to use Forex leverage comes with every account and it varies in amount. UTO Capital offers a leverage of up to 1:200, which means that for each $1 in your account, you have $200 to trade with. In this way you can make exponential profits.