Who is a broker

Discussion in 'Development' started by lenkona, May 8, 2020.

  1. lenkona

    lenkona New Member

    Who is a broker
    A broker is a financial organization with a special license. Sometimes a Bank combines the functions of a broker, sometimes it is a separate commercial organization. Sometimes it is an organization within a financial group.

    Broker — your "hands" on the exchange. With the help of a broker, you buy and sell securities, enter into contracts and exchange currency.

    What the broker does:

    It takes into account the funds and property transferred by the client.
    Registers you on the exchange and assigns special codes for making transactions.
    Gives you information about the progress of the auction.
    Accepts orders from you: "Buy this", "Sell this", etc.
    Performs the settlement of transactions — transfer money and securities.
    Provides reports on transactions, the movement of money and securities.
    Issues certificates on taxes paid, the price of purchased securities, and so on.
    The broker also works as a tax agent: withholds and transfers taxes on dividends to the state, calculates and withholds tax on profits from the sale of securities and income on fixed-term contracts. There are many subtleties in this issue, and we will talk about them another time.
     
  2. Robin7

    Robin7 New Member

    The broker is actually a very popular profession and acts in accordance with the instructions of clients using their money in transactions and for their services receives a certain fee, fixed or expressed as a percentage
     
  3. Kupezman

    Kupezman New Member

    A stockbroker is a full-time employee of a stock commodity or currency exchange whose duties include the accompaniment and control of transactions between exchange participants. The broker has a casting vote in controversial situations and in his competence to cancel the transaction if it contradicts the established rules and legislation.
    There is a fundamental difference between the functions of a stockbroker and a stockbroker, although in many publications these terms are used as synonyms, which is incorrect. The correct interpretation is as follows: with a rare exception, only a staff member of the exchange can be a stockbroker. In turn, the broker can work both on the exchange and outside it, such as trading divisions of banks or prime broker. Broker's profit is a commission on the volume of the transaction (courtesy), the broker may have additional sources of income.
     
  4. Robin7

    Robin7 New Member

    The broker is engaged in the execution of purchase and sale transactions or other legal operations related to representatives of various business companies. In this case, the broker plays the role of a mediator in the relations of two parties. The level of his fee is determined by the corresponding position in the contract
     
  5. Ubansa

    Ubansa New Member

    In fact, this is a very popular profession. Very few more or less serious transactions are made without the participation of these people.
    So who are they? Let's watch. He acts in accordance with the instructions of clients using their money in transactions and receives a certain fee for his services: fixed or expressed as a percentage. The profession of a broker has firmly entered our lives: we need these specialists in many life situations whether we are trying to invest in the securities market, solve insurance issues, take a loan or buy a new home.
    The main financial markets where securities are traded in currencies with other demanded assets and where brokerage services are required are stock exchanges and Forex market https://it.trade-leader.com/ binary options can be considered a separate subspecies of it. The processes on them are interconnected and reflect general economic trends. Brokers receive certain powers from their clients and their remuneration in accordance with a broker service agreement.
     
  6. Kolery

    Kolery New Member

    On his part, everything is happening honestly. Any broker exists only at the expense of an additional commission. But even in this meager percentage, many companies compete because everyone is trying to grab a new client.
     

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