There are many foreign exchange dealers in any active foreign exchange market, which are called foreign exchange dealers in the United States. Like brokers in the stock market, foreign exchange brokers only play the role of intermediaries in the foreign exchange market. The purpose is to earn commission, and the main task is to provide correct and fast trading information. In order to promote the smooth progress of foreign exchange transactions, the exchange agreement of foreign exchange transactions on behalf of customers belongs to buyers and sellers, who directly or indirectly buy and sell from banks through the contact of foreign exchange brokers.
A foreign exchange dealer refers to a trading company or individual who buys and sells foreign bills. Foreign exchange dealers use their own funds to buy and sell foreign exchange bills to obtain the bid-ask difference. Most foreign exchange dealers are operated by trust companies, banks and other institutions, and there are also companies and individuals specializing in this business.