Resolved Question
Can I trade without a broker?
I would like to know if anyone can trade forex without a broker. I’ve been practicing a demo account and I think I’m ready to trade forex for real. Do I need to go through a broker?
over 3 years ago
Best Answer - Chosen by Voters
I think it would be best if you traded with a broker. Without a broker, you would be at a loss with regards to the spread, as it is the brokers that help provide it's customers with the best rates possible. Also, a broker allows you to trade with leverage. Otherwise you would be forced to have a ton of money (millions!) just to be able to trade at interbank rates.
over 3 years ago
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Answers (5)
Yes, you must go through a broker -- unless you want to start your own company that requires millions of dollars to operate on trading. Otherwise, all individual traders need a broker so that they can trade forex.
over 3 years ago
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Yes, you could trade without a broker but be ready to get ripped off. Some banks buy and sell foreign currency but the spreads they offer are huge, even on majors. Also, you really need to be a long-term trader to win using those spreads.
over 3 years ago
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YES YES YES !!! It hasnt been launched yet it is a sister company of www.tradinginthenow.co.nz called "TRADELAZY" soon to be launched this year this is a very exciting way to trade which will change the world. Goto the site given below for a banner add of trade lazy and sign up so you can be first to hear about the launch and get more information. And for the other answers THERE IS NO SUCH WORD AS CANT!!!And best of all trade lazy you dont even need to fund an account WORK THAT ONE OUT!!
over 3 years ago
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Yes. You can buy or sell currencies directly from banks and other institutions. I would recommend, however, that you use a broker in dealing with currencies despite paying additional charges through wider spreads. Why? Because most brokers offer extra services like analysis, chart programs and the like that may prove to be really handy for users. Banks don't really provide these tools and insights.
over 3 years ago
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ForexEA
It's impossible to trade without broker for ordinary Forex trader. Just learn how to choose a Forex broker http://pipburner.com/choosing-a-for...
about 1 year ago
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