Hello,
What is Spot Forex and Prime of Prime Brokers. And How it different from Retail Forex CFD Issuer?
What is Spot Forex and Prime of Prime Brokers. And How it different from Retail Forex CFD Issuer?
What is Spot Forex & Prime Brokers?
- Thread starter shanmugapradeep
- Start date
- Watchers 5
CFD is all about price differences in certain time frames, while spot forex is trading the pairs themselves. I am not so sure about prime brokers though.
Spot Forex isn't much different from CFD trading. All US brokers offer spot FX trading, for example.
Spot Forex broker isn't synonymous to prime of prime brokerage. As a retail trader, you won't be able to trade with the latter (and there is little point to).
It is actually more difficult to name a broker that doesn't. Almost all the brokers I know of at least offer Forex pair trading.
Can you name Forex broker which allows Non-Derivative trading like Direct Market Access (DMA) or Spot Forex?
Spot Forex involves trading currencies directly with immediate delivery, while Prime of Prime brokers provide intermediary services between small banks and large market players. Each has its own benefits depending on your trading needs and scale.
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