Your email address will not be published. Required fields are marked * Home > Brokers Tips > How to start a forex broker &8211; Complete Guide The difference between the bid and the ask price is pretty much what you are paying the broker to receive their service. Although 1 pip may sound small for making a good income for a company, remember that spreads are calculated according to the size of the lot you are trading. Before the start of a forex broker, here are a lot of questions you should ask yourself. Whether you are an entrepreneur, a head of the equity brokerage, or a head of a bank, similar questions will come to your mind quickly. 5. To engage in forex trading, you need to have a forex broker. A forex broker acts as an intermediary between you and the forex market. A forex broker allows you to access the forex market and execute trades.
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