What Is Interbank Forex

The forex market is a decentralized market with no central market where transactions are recorded.
The interbank forex market relies on market makers who record their own transactions and the information is kept private. A market maker is a broker-dealer firm that facilitates the buying and selling of securities or currency. The primary market makers in forex are the world's largest banks.

The interbank market is the system of trading currencies among the world's largest banks and while most of the transactions are done between the banks themselves some banks do handle forex transactions on behalf of large customers. It has been estimated that 50% of all interbank forex transactions are between the banks themselves. The interbank forex is the source of price quotes that enable investors and brokers to make informed decisions.

According to the Wall Street Journal 73% of all interbank forex transactions are done through 10 major banks. Most of these banks maintain a separate group known as the Foreign Exchange Sales and Trading Department. Each Foreign Exchange department contains a sales and trading desk. The sales desk is responsible for taking orders from clients, getting market quotes and relaying that information to the client. The Trading Desk is responsible for making decisions based on market information and many traders specialize in certain currency pairs. Usually banks will have traders that are responsible for all trading in specific currency pairs, the EURO/USD for example.

Banks determine currency prices by a variety of factors; how much of a particular currency is available at the current price, the current market rate, inventory, and opinions on where the price of the currency is headed. Unfortunately banks are reluctant to share all this information with brokers and investors.


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ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

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Forex brokers are going to tell you what the minimums are. In some cases, you can invest as little as five dollars to open a Forex trading account. In some areas, and for some investment companies you must invest a minimum of $200 or even $500. It is important to remember that every investment firm is different, and will have set minimums for their business to take place.

Fees through a Forex broker will be based on the amount of the transaction and the type of transaction that you are completing. Moving from fund to fund or from Forex account
to another Forex account you will incur the largest types of fees, but be sure to read the fine print on the Forex broker site where you intend to do business to be sure. Forex brokers make their money on the fees they bill when helping clients move money, and put money into investments.

A Forex broker should be a person you can trust, understand, and that you feel is honest with you. A Forex broker is one that you should not receive phone calls from, urging you to put large amounts of money into an account, right now. A Forex broker will present you with information about an investment, and then allow you time to make up your own mind if you are interested in the investment or not. A pushy broker is one that could be trying to earn a commission or could be trying to scam you. Again, your Forex broker is a broker you should feel comfortable in dealing with on a daily or weekly basis, but for many people, you may only talk to your Forex broker once a month or even less than that.

Investing money is a big decision. When deciding what broker Forex advice to take, or where to seek broker Forex advice you can use the links on these pages, or you can use your local yellow pages to find a possible Forex broker in your town or city. Not many Forex brokers are located in small towns or cities but in larger areas where the population is larger and more people have a need for such Forex and investing information.

* ForexGen is providing an Executable Quotes which appears directly once the trader click the current bid or offer in the Forex trading platform. The orders aren't checked manually to prevent undesired price quoting. The bid/ask spreads (2 to 3 pips in the major currency pairs) are most of the time stable, and never freeze the prices in any situation.


ForexGen.com is permitting the immediate orders implementation with complete Confirmations and real time margin checking. In addition, automated fills are provided for all market orders.
The bid and ask prices usually modified, to buy the client's ideal support in taking the buy or sell decision. In addition to posting our bids and offers frequently at any market condition, giving you a fair chance to trade during important news events. Other TSPs don't allow you to trade on big market making news -they freeze their prices or widen their spreads when the market is volatile. At Forex Gen, we never freeze our prices.