What is a Broker | What County

What is a Broker

What is a broker and how does it work? – In the following article I will explain step by step what is meant by a broker. The word “broker” appears again and again in connection with investing in the financial markets. With more than 8 years of experience in online trading, I have already tested many brokers and providers in the investment sector. Learn the most important information to prepare for your investment today.

What is a Broker
What is a Broker
Broker
Broker

A broker is a service provider. Brokers, in the broadest sense, provide you with technical devices that allow you to trade in the markets. A securities broker accepts orders from its clients by telephone, fax or via an online platform and forwards the orders to the stock exchange or acquires the securities for you by way of a commission transaction. An online broker takes orders mainly via the Internet. If you implement strategies via an “execution-only” online broker, you make decisions yourself without connected advice. Most often, brokers keep accounts and deposits at the same time. If you order a security from a broker, it will then be stored for you in the custody account. The broker charges fees for trading in securities as well as for custody account management and, if necessary, other services.

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