Who are these brokers and how do they work?

Who are these brokers and how do they work?

Brokerage responsibilities

Broker, or a brokerage company, fulfilling their duties, when working on the securities market, must meet these requirements:

  • have qualified professionals at the headquarters, who confirm their knowledge with a certificate;
  • have your own capital, which is needed for material responsibility to financiers;
  • have a developed accounting and reporting system;

There are a large number of companies on the market, who were involved in money trading. They provide their services to small traders. Brokers are big banks, market accredited and much smaller companies, Call?? representing brokers.

What are the types of money brokers

  • With direct access to the exchange. These are money companies and big banks, market accredited and working with small brokers. To interact with them, you need capital from $1 million. There are not many such companies.
  • Dealing centers. They don't go public without the help of others., but conclude contracts with banks. Trading in dealing centers follows the market rate. It is possible to check aspects of the technical direction using the trading terminal, trading in cent and dollar accounts.
  • Closed areas. A significant number of participants in exchange trading is connected together with the help of one or several companies. This is how a trading floor is created.. The disadvantage of closed platforms is the weak liquidity of little-known currency pairs.

However, if we talk about cryptocurrency exchange platforms, it is necessary to be aware of one fundamental point - there is no central player, with which everyone would work. All exchanges, the ones on the market are just big exchangers.

Aspects of choosing a broker:

  • The presence of a Russian interface is not a good symbol
  • The state of registration of the broker is not required to be offshore
  • Trading volume must be high
  • Constant Twitter updates
  • User feedback
  • The number of pairs traded should not be large, nor small
  • There must be a KYC procedure
  • Trade Commission.
  • Deposit amount.
  • Guarantee provision.
  • Trading leverage.
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What brokers are on the crypto market:

CBOE / CME

Futures are financial instruments for hedging risks when trading various assets. The holder of the futures is obliged to buy or sell the amount of the underlying asset specified in the contract at a fixed price on time, not exceeding the contract expiration period.

eToro

Unique tool, which allows you to trade derivatives from cryptocurrencies including. Easy to operate, reliable and its main advantage - it allows you to copy the investment strategy of the investor you like in one click. In this way, eToro allows you to trade like a pro without the hassle and hassle. Pay attention to the minimum entry price ($200) and exit fee.

Platform trading tools are presented 16 currency pairs

Trust management on the exchange:

There are companies, who take your money into management without the ability to withdraw it. Conditions may vary, for example, you can give 50% from the proceeds.

ICONOMI

ICONOMI aims to create a reliable connection between the economies of the old and new types. In this way, investors will feel in their usual conditions, while taking advantage of innovation. Cryptocurrency creators insist, that the management of virtual money is completely transparent and designed in full compliance with the legislation of the European Union.

Commissions for existing funds - from 1% to 5%.

Due to the countless number of brokers and exchange offices, and the problems that beginners have with choosing the best option, representatives of the crypto community recommend that traders choose brokers carefully.

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