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Problems existing in currency brokerage industry
The broker only collects the customer's bank commission after the relevant transaction is completed. Generally speaking, if there is no fluctuation in the market, the income of intermediary brokers is not good, and appropriate fluctuation will greatly increase the market circulation, thus increasing the income of brokers. Take the Asian financial turmoil of 1997 as an example. In that year 10, the income of Hong Kong money brokerage companies was the highest in the whole year.

There is a problem of commission reduction in money brokerage institutions. The contraction of capital market is not the main reason for the decrease of brokerage commission, but the main reason for the decrease of money brokerage income is that foreign exchange trading business is replaced by emerging electronic trading media. In Britain, EBS interbank spot foreign exchange automatic trading system was launched on 1993. This electronic matchmaking trading system implements one-way charging according to the transaction volume, which is much cheaper than the traditional voice broker's two-way charging according to the transaction volume, greatly reducing the transaction cost and rapidly improving the transaction efficiency. In just a few years, EBS has seized most of the market share of spot foreign exchange brokers.

Secondly, a large number of bank mergers or similar restructuring have reduced the number of customers, so that money brokerage companies also need to remain competitive through mergers and layoffs. The third is the contraction of the overall monetary and capital markets caused by the economic cycle and economic restructuring. Despite such problems, the existence of money brokerage companies is still an indispensable part of the financial market. Although the existence of electronic trading system has seized the market share, it cannot replace the personalized service of money brokers. In addition, money brokers can use advanced electronic communication technology to better serve customers. This is the challenge that money brokerage companies face today.