A broker is a financial intermediary who matches buyers and sellers of financial products without being a party to the transaction. In forex trading, a broker is an agent or company that executes orders to buy and sell currencies for their clients.
Brokers act as intermediaries between banks, bringing buyers and sellers together for a commission paid by the initiator or by both parties.
Brokers make money by charging commissions on the trades that they execute. This commission can vary depending on the broker and the type of trade.