I am being wondered seeing so many forex brokers around. When I was new, I was known about 6-7 forex brokers and thought why there are so less number of brokers.
After 6 months, I came to know about more 10-12 brokers and considered the brokerage market competitive.
But now it seems there are around 1000 forex brokers including ecn and marketover and 5-6 new broker is coming daily.
Why so many brokers are coming daily? What is the minimum capital needed to open a ecn broker or a marketmaker broker?
After 6 months, I came to know about more 10-12 brokers and considered the brokerage market competitive.
But now it seems there are around 1000 forex brokers including ecn and marketover and 5-6 new broker is coming daily.
Why so many brokers are coming daily? What is the minimum capital needed to open a ecn broker or a marketmaker broker?
In forex, one currency is always up!
