A type of broker that operates a dealing desk, intervening between its clients and the liquidity providers, while often taking the opposite side of its clients’ trades.
Did you know?
The GBP/USD pair is widely referred to as “cable”. The term dates back to the 19th century, during which the exchange rate between the U.S. dollar and the British Pound was transmitted across the Atlantic via a huge cable that ran across the ocean floor and connected the two countries.
Word of the day
"Wick" - Wicks are the thin lines above and below the real body of candlesticks which display the high/low price range. Wicks are also called Shadows.
Always check transaction costs before opening an account (and keep in mind that cheap rates are no guarantee of reliability).