Foreign exchange broker Intermediaries in the foreign exchange market that do not put their own money at risk. All Rights Reserved. A broker who operates predominantly or exclusively in currency markets. That is, a foreign exchange broker fills orders to buy and sell currencies in exchange for a commission. Farlex Financial Dictionary.
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Foreign exchange company
Foreign exchange is everywhere. Anytime you want to buy a product or service in another country, your home currency needs to be exchanged for the currency of the country that sells the product or service. Thus, the help of a currency exchange service is necessary. Most of the time, consumers use their bank to do the exchange, which can be very expensive, 3 to 5 percent of the total transaction. Foreign exchange companies, however, can process the transaction at a lower cost.
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