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.