| When a trader wants to open a forex account with | | | | traders who have solid experience and sound |
| any forex broker, there are options to choose from | | | | knowledge of the forex market. They can enhance |
| full service, discount and introducing brokers. | | | | their knowledge by managing other people?s |
| A full service broker offers all the standard services, | | | | accounts. They form a significant fraction of the |
| such as investment advice and price quotes. They | | | | workforce of many brokerage companies. |
| also keep traders updated with all current trends. | | | | These brokerage companies offer traders the option |
| With a discount broker, the trader has to take care | | | | of joining them as introductory brokers, and provide |
| of all buying and selling decisions. An introductory | | | | full support to set up their offices. Introductory forex |
| broker is a person that introduces new customers to | | | | brokers are generally provided with full back office |
| the full service brokers. The full broker then provides | | | | support. They are also given access to training and |
| full support in managing their accounts. They earn | | | | workshops that the company conducts for its |
| brokerage on every customer they introduce. | | | | prospective customers. |
| An introductory forex broker deals with futures | | | | Introductory forex brokers are presented with |
| contracts and commodities. The ranges of services | | | | extensive tips and current trend updates and analysis |
| provided are the same as that of a full broker. | | | | to help their traders do well in the market. Total |
| Futures trading deals with trading of treasury bonds, | | | | support is provided to these introductory brokers in |
| stock indexes and foreign currencies. Speculation in | | | | order to establish a successful business. |
| futures trading is on the rise with the availability of | | | | Traders that understand the forex market well and |
| technology and services. Today, traders prefer to | | | | have an inclination for business can choose to |
| opt for a fully managed account with the brokers. | | | | become an introductory forex broker. |
| Introductory forex brokers are generally, existing | | | | |