What Exactly Does a Forex Broker Do?

As a bridge between the traders and the market, forex brokers have several main jobs to do, namely:

• Provide trading access to the forex market to every individual. In the past, only the rich had trading access to the market. This is because the amount of capital needed to transact in the financial market is also large, so retail traders will not be able to enter into these trades. But with forex brokers nowadays, you can now attempt to enter the market with as little as $1 because of leverage.
  
  
• Provide forex trading software and tools. With trading software and tools provided by brokers, the entire transaction process on the market can be accessed online from any device.
  
  
• Educating the public about forex trading. As an intermediary between traders and the market, forex brokers also have an obligation to educate the public about forex trading. This way, traders who are about to start trading would enter the market with the right mindset and expectations.