What are the advantages of large foreign exchange brokers?

1、 Multiple platforms and product categories
Large brokers have better channels, abundant funds, reliable brands, sufficient customers, and capable employees, so they often perform well in platform research and cooperation. At the same time, as a global operation, we provide customers with a large number of products through independent research and development, extensive cooperation, and necessary acquisitions.
Small brokers, due to limited market and insufficient R&D investment, usually only rent one or two popular platforms, with relatively simple product types. Some small brokers can only provide more than ten currency pairs, such asforeign exchangeStraight disc. Traders have limited options to choose from. Additionally, it does not have a head advantage. For example, insufficient customer service leads to slow cash flow and deposit. However, for traders, the biggest concern is brand issues. The low brand awareness of small brokers can easily lead to a sense of distrust among traders.


2、 Low point difference
Large brokers have better credit, which is beneficial for them to obtain better foreign exchange quotes from the interbank market. Taking Fuhui as an example, it has a stable cooperative relationship with Deutsche Bank, which will provide preferential quotes in the interbank market to Fuhui. Fuhui adds a slight price difference to this discounted offer and offers it to ordinary individual traders.
The better the credit of a broker, the greater their influence. In terms of exchange rate quotes, they will receive more discounts from banks, while individual traders will receive more benefits.


3、 One Stop Problem Solving
Large brokers not only operate their official websites, but also provide value-added services around the platform to attract customers. Traders can access training e-books and intelligent trading systems(EA)Participate in online lectures, simulation competitions, etc. In the future, brokers should develop online social platforms, foreign exchange entertainment games, and powerful resident exchange systems.


4、 More comprehensive customer service
Although small brokers have their own characteristics, it is not easy to enjoy stable and comprehensive services. For example, there is no 24/7 Chinese service available;Can only buy or sell more than ten currency pairs;Or there is no stable learning course.
Although large brokers have strong capabilities, they can provide comprehensive services. In terms of attracting talent, large brokers have brand and financial advantages. Employees who can enter are more likely to receive comprehensive and systematic training, and there are more rules and regulations in their services.
However, there are significant difficulties. Large brokers have a very tight organizational structure, and the entire company has meticulous division of labor, making it easy for each person to become a small part of the company's precision instrument"Screws"This leads to a lack of innovation among employees and artificially creates obstacles. They seem to have entered a stable period of consolidating their achievements.