A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies.
Forex is short for foreign exchange. Transactions in the forex market are always between a pair of two different currencies.
A forex broker may also known be as a retail forex broker or a currency trading broker.
The foreign exchange market is by necessity a global and 24-hour market.
The clients of a forex broker include retail currency traders who use these platforms for speculation on the direction of currencies. Their clients also include large financial services firms that trade on behalf of investment banks and other customers.
Any individual forex broker firm will handle only a small portion of the volume of the overall foreign exchange market.
We as BotTronic have decided to use a small selection of brokers that exist. We made this choice through months of cooperation between these and other brokers, in which we mainly encountered errors at other brokers.
The brokers we currently work with have proven to be honest brokers with good responsive customer service and the results with clients who are affiliated with these brokers do not differ from the results we achieve.
Vantage is an Australia-based global forex and CFD broker. It was founded in 2009 and is regulated by the Australian Securities and Investments Commission (ASIC), the UK’s Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CMA) and the Vanuatu Financial Services Commission (VFSC).
Being regulated by a top-tier authority (ASIC, FCA) is a good sign for Vantage’s safety.
HugosWay (also Hugo’s Way and Hugosway) was founded in 2017. Despite its relatively young age, the company has firmly established itself among the classic brokers working on Forex with traditional trading instruments. HugosWay aims to cooperate with clients from Europe and Asia. Registration is in Saint Vincent and the Grenadines.
Hugo’s Way is unregulated, which means that customers from countries with strict jurisdiction can turn to Hugo’s Way. We and our customers have had positive experiences with Hugo’s Way, but the choice of a broker remains your own responsibility.