Companies that offer currency exchange services.
A foreign exchange company which is also known as the Forex broker is a company that allows the exchange of currency and the making of international payments to both private clients and companies. The term online currency exchange services are usually used for currency exchange that offers physical transfers from one currency to another and not towards the bank. Currency exchange is an integral part of the world economy. Besides handling money in the foreign exchange market, the exchange companies will also offer additional services such as credit card payments, utility bill payments, and other related payments. In the past, only large international financial institutions were allowed to offer currency exchange services but with the introduction of online currency exchange platforms, individuals are given the opportunity to invest and increase their capital by trading the currencies. The company provides a platform for individuals to involve themselves in speculative trading of curren...