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Understanding Non-Bank Forex Brokers

A foreign exchange company offers currency exchange and international payments to individuals and companies, providing physical delivery of currency to bank accounts rather than speculative trading. These companies typically handle high-value transfers unlike money transfer companies that focus on high-volume, low-value transfers for migrants or travelers. Foreign exchange companies can facilitate spot transactions, which are exchanges of currencies that are executed immediately, or forward transactions, which lock in the exchange rate of a future transaction.

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59 views1 page

Understanding Non-Bank Forex Brokers

A foreign exchange company offers currency exchange and international payments to individuals and companies, providing physical delivery of currency to bank accounts rather than speculative trading. These companies typically handle high-value transfers unlike money transfer companies that focus on high-volume, low-value transfers for migrants or travelers. Foreign exchange companies can facilitate spot transactions, which are exchanges of currencies that are executed immediately, or forward transactions, which lock in the exchange rate of a future transaction.

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Divya
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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A non-bank foreign exchange company also known as foreign exchange broker or

simply forex broker is a company that offers currency exchange and international payments to
private individuals and companies. The term is typically used for currency exchange companies
that offer physical delivery rather than speculative trading. i.e., there is a physical delivery of
currency to a bank account.
Foreign exchange companies are normally distinct from money transfer companies
or remittance companies and bureaux de change as they typically perform high-value transfers
unlike their money transfer counterparts that focus on high-volume low-value transfers generally
by economic migrants back to their home country or to provide cash for travelers. Transactions
can be either spot transactions or forward transactions.[1]

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