A foreign exchange (FX) broker, also known as a forex broker, is a financial intermediary or company that facilitates the buying and selling of currencies on behalf of clients. They act as middlemen between buyers and sellers in the foreign exchange market, matching currency buy and sell orders from their clients and providing a trading platform for these transactions.
FX brokers serve various clients, including retail traders speculating on currency price movements and institutional players like investment banks. They offer access to currency pairs, allowing traders to open and close positions by buying one currency and selling another. Most brokers also provide leverage, enabling traders to control larger positions than their deposited funds.