CHAPTER 17

Trading Platforms, Brokers and Costs

Execution, leverage and safety

Opening question

“How do I choose a safe platform?”

In this chapter

The intermediaries between an investor and the market: brokers, exchanges and custodians
Retail FX brokers: dealing-desk and agency models
Contracts for difference, margin and leverage, with a worked example
Types of crypto platform: exchanges, brokers, apps, peer-to-peer and decentralised venues
The all-in cost of a trade: spreads, commissions, financing, funding and conversion
Execution quality: order types, slippage and gaps
A safety checklist: licences, segregation, negative balance protection and proof of reserves
Legal channels and warnings for investors in Vietnam

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This chapter is in the full book

Chapter 1 is free to read online. The full text of chapter 17 — with its tables, figures, worked examples and practice lab — is available in the complete edition of Forex and Crypto Investing: From Theory to Practice (Volume 3, NXW Investment Library).

Read Chapter 1 free Get the full book — [email protected]

Sections of this chapter

17.1 Who stands between you and the market?

17.2 Retail FX brokers: dealing desks and agency models

17.3 CFDs, margin and leverage

17.4 Crypto platforms: exchanges, brokers and apps

17.5 The all-in cost of a trade

17.6 Execution quality: orders, slippage and gaps

17.7 A safety checklist

17.8 Protecting your own account

17.9 Legal channels and warnings in Vietnam

← Chapter 16: FX and Crypto Funds, ETFs and ETPs Chapter 18: Building a Portfolio with Currencies and Crypto →