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 money brokers With direct access to the stock 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 whom …
