Prime Of Prime - PoP



A brokerage that provides service to traders (especially Forex traders) who need micro-contract trades. Prime of Prime (PoP) brokerages also often allow for trades of greater leverage and, as a result, more risk. Many of the brokers using PoP brokerages are small regional banks with clients that need smaller currency trade options.


One of the reasons that regular forex prime brokerages don't provide the services that PoPs do is that there is a smaller profit margin in the smaller trades. Additionally, their systems often don't support a cost-effective way to complete smaller trades. PoP brokerages are also equipped to deal with increasing regulatory requirements for highly leveraged trades.

  1. Forex - FX

    The market in which currencies are traded. The forex market is the largest, ...
  2. Broker

    1. An individual or firm that charges a fee or commission for executing buy ...
  3. Authorized Forex Dealer

    Any type of financial institution that has received authorization from a relevant ...
  4. Prime

    A classification of borrowers, rates or holdings in the lending market that ...
  5. Digital Currency Exchanger - DCE

    A market maker who exchanges legal tender for electronic currency, or who exchanges ...
  6. Bid And Asked

    A two-way price quotation that indicates the best price at which a security ...
  7. No Dealing Desk

    A way of forex trading that provides immediate access to the interbank market. ...
  8. Micro-Lot

    The equivalent to a contract for 1,000 units of the base currency in a forex ...
  9. Micro Account

    A forex trade made up of contracts for 1,000 units of currency. Micro accounts ...
  10. Standard Lot

    The equivalent to 100,000 units of the quote currency in a forex trade. A standard ...
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