Chapter 6: Trading platforms for retail traders

The growing popularity of foreign exchange trading among private investors is reflected in the continuing explosion of companies now catering specifically to the needs of this segment of the market. These new online margin FX trading platforms are supported by continual technological advances and are making dramatic inroads into the world of private trading through a broad acceptance, user familiarity and genuine enthusiasm for online trading platforms. In this chapter we examine some of the key differences between traditional inter-bank brokers and these online ‘brokers’, more accurately described as margin FX providers.

As we discuss further in chapter 10, the role of inter-bank foreign exchange ...

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