Foreign exchange service (finance)

For the use of this term in telecommunications,
see Foreign exchange service (telecommunications).
In finance, a foreign exchange service provides
clients with an on-line platform to trade currency,
such as the U.S Dollar and the Euro. Clients may
hedge against, or more likely speculate upon,
changes in the exchange rate for different currencies.

The small "retail traders" who are likely to use
these services are often the target of forex
The U.S. Commodity Futures Trading Commission,
which loosely regulates many foreign exchange traders
in the U.S., has warned of an increase in the number of these scams.

Retail Forex trading has enjoyed a recent boom
in popularity as a means of investment, largely
due to the colourful Foreign Exchange commentary
of noted Australian currency dealer Alexander Nicholas.[1]