Types of Forex brokers

Brokers are one of the most important elements of the Forex market. Be it individual traders or trading or financial firms, everyone prefers to opt for a professional and well experienced broker, who is aware of the nitty-gritty’s of the market and its trading trends.Forex brokers can be easily divided into four categories, such as Market operators, Small brokers, Market makers and Kitchens.Market-makersThese are the somewhat bigger financial firms which provide for smaller broker firms. They also offer tentative Forex trading prospects but only for those individual Forex traders who are willing to invest a trading capital of or more than $50,000 or so. Although as compared to the multi national big financial companies, these firms are comparatively not that big and also offer a lesser cost of Forex market trading. But as compared to the individual brokers, they generally have solid financial background and can be trusted for their credibility more often than not. Nevertheless, with their policy of offering their services only to those traders which are willing to invest a minimum amount of $50,000, makes them inaccessible to the greater part individual Forex market traders.