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  Latest
How To Install Metatrader 5 Custom Indicators May 9, 2022
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Back Office

Mira Team by Mira Team
in Forex Terms
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Definition – What does Back Office mean?

Back office refers to the IT, accounting and staffing support at a bank, forex trading firm, brokerage or other financial institution. For many forex brokers, the back office is dedicated to recording trades, ensuring that trading platforms are functioning and generally making sure that trade settlement happens in an efficient manner.

ForexTerms explains Back Office

Forex brokerages may actually share back office functions to keep costs down. Although they can outsource things like IT support and some administrative functions, most brokers need to keep a back office to ensure they meet the regulations of their home country.

ⓘ Mira FX is not liable for any damage or loss, including but not limited to, any loss of investment, which may be based either directly orindirectly on the use of or reliance on such information. Before deciding whether or not to take part in foreign exchange or financial markets or any other type of financial instrument, please carefully consider your investment objectives, level of experience and risk appetite.

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