Brokerage activity is Forex: brokers. Stock broker. How to become a broker?

Video: Best European Forex Brokers in 2020 2024, July

Brokerage activity is work related to the execution of transactions of a civil law nature. In recent years, the securities market for a market economy has become one of the most important institutions to attract investment in those economic sectors that need these investments most.

Such a surge of capital is possible for longer periods than bank loans, and often the interest rate is much lower than the interest set by banks. From this it follows that the securities market has become a distribution mechanism that involves the funds of business and government agencies, as well as the general population, in financial turnover.

The accumulation of capital of the above entities and their involvement in the business is carried out by issuing blocks of shares with their subsequent distribution among investors.

Features of brokerage

The line of contacts in the stock market is not limited only to the issuer and investor (seller and buyers, respectively), but also includes:

Banks that serve both parties monitor compliance and make cash settlements.
Depositories that provide services to counterparties of transactions provide registration of ownership of shares and perform operations with them.
Register holders. All owners of securities are entered into the register, the register of shareholders is kept, and their rights are observed.
Stock market brokers and dealers. They act as parties to the transaction or are authorized representatives of its participants.
Trade organizers. Create the conditions necessary for concluding an investment transaction.

Brokerage activity is also the provision of professional services by sales agents who conduct specific entrepreneurial activities. They play an important role in the mechanism of sale of securities.

An economic institution that trades in securities and acts as an intermediary between a buyer and a seller must create strict legal regulation. The contract, which allows the broker to buy / sell securities on behalf of the client, has a specific legal structure.

Rights and obligations of brokers

The broker has the right:

To take into account, use and keep money and securities of clients intended for investment or received from the sale of shares of the client, if the contract provides for this.
Act as an underwriter when investing equity securities.
Engage in advisory activities regarding investment / acquisition / sale of securities.
Perform other contractual transactions and operations.

The client base of the broker can be both legal entities and individuals registered as private entrepreneurs. Clients themselves are responsible for the accounting of transactions with their property and finances.

A financial broker does not make tax payments on behalf of his clients. However, this does not apply to individuals who are not registered as private entrepreneurs, as well as to legal entities that are not residents of the Russian Federation.

Each quarter, stock market brokers submit to the tax assessment authorities economic reports for each of the balances administered by a brokerage specialist.

After the end of each reporting period established by the client for settlements with government agencies (monthly or quarterly), the broker must provide clients with economic reports on a separate (separate) balance sheet in the amounts established by the Ministry of Finance of the Russian Federation for tax collections for organizations.

The most important duty of a broker to protect the interests of clients is the need to quarterly provide customers with a statement of all transactions with cash and securities.

The relationship between the client and the broker is fixed in the corresponding contract, therefore, the parties have the right to conclude additional agreements providing a higher level of security for the client.

Conflict Stories

When working on a securities trading platform between a broker and a client, conflicts can arise. In this case, the broker should not be based only on his interests, he is obliged to notify the client about the problem.

If the broker ignores this clause of his duties and the depositor incurs a loss in cash, the client has every reason and right to demand compensation from the trustee. The return of lost capital through the fault of a broker is carried out according to the existing form of civil law provided for by the Russian Federation.

For violations of the legislation on the securities market, authorities may apply legal sanctions to brokers, up to and including withdrawal of a brokerage license. The following may serve as grounds for withdrawing a broker license.

Legal violations:

Detection of misleading or false data in the broker's documents.
Violations of the provisions of securities law.
Detection of incomplete or distorted information in reporting.
Intentionally misleading customers and / or financial authorities.

Financial and economic violations:

Exceeding the deadlines set by the legal authority to eliminate violations.
Repeated and systematic violations of the financial reporting process.
Untimely fulfillment or non-fulfillment of the provisions prescribed by the authorized bodies.
Violation of the regulation on the amount of equity of the broker.
Intervention and opposition to inspections authorized by authorized bodies.
Theft of capital and / or client securities in small volumes.
Failure by the broker to carry out operations with the finances or securities of clients within 6 months or to carry out without notifying the client.
Functional impairment.
Making transactions in one's own favor in the event of a conflict of interest between the broker and the client.
The implementation of several types of professional activities, the combination of which is not provided for by the provisions of the authorized bodies.
Deception of the client, resulting in the loss of his capital and / or securities.

Broker career

When providing brokerage services, a career can rapidly fly up - there is no strict hierarchy and vertical structure. Each talented broker can become the head of the department, or even the director of the company.

A good financial broker can easily find a job practically in any financial organization.

A successful broker should be mentally stable, balanced, prone to adventures and risk, but to take these steps only after careful preparation and analysis of the market.

Salary and career prospects of brokers

The average salary of specialists working in brokerage houses is about 1000-1200u. + interest. Sailors receive interest for the number of attracted customers and their capital. Premiums for traders received as a result of trading on the exchange are issued to traders. Analysts earn high-quality forecasts (the accuracy of forecasts is estimated).

Typically, in brokerage firms, when calculating a premium, each employee’s contribution is considered separately, so it’s difficult to name any specific amount of salary. With a good job a month, a broker can get several thousand dollars, while a bad one has the risk of being left without any money.

Education Brokers

Specialists of technical sciences (mathematicians, programmers, engineers) can become docks of brokerage. Upon receiving a technical education, a person learns what is necessary when working as a broker: think logically, analyze, predict, count. Although representatives of practically any specialties can successfully work in the sales department. The most important thing here is the ability to communicate and know about the specifics of work.

Of course, if you are sure that broker activity is what you need and you want to connect life with it, don’t go to a physics and computer programmer, it’s best to consider universities with financial specialties.

How to become a broker?

Everyone who wants to contact the provision of brokerage services has a question: how to become a broker? There are three ways to the goal: to become an agent of a brokerage company, to open a branch of a large foreign or federal brokerage firm, to open your own brokerage company.

The most difficult thing is to establish your own organization. According to the order of the Federal Service for Financial Markets, it is enough to fill out a special form and submit an application, and you will get a license to carry out brokerage activities.

When choosing between an individual business or a limited liability company, experts advise paying attention to the LLC. Since the individual entrepreneur is personally responsible for all the debts of the company, the LLC risks only authorized capital.

The Federal Service for Financial Markets will need your company registration documents and paper confirming that you are registered with the tax authorities.

The final step in creating your own company will be the adoption of the charter of the LLC and some other documents established by the Federal Service for Financial Markets. Now you know how to become a broker and start your own business.

Opening a branch of an existing brokerage company is not much different from opening your own company. You need to get permission from the main office of the company with which you want to cooperate. But if in the case of your own company all the complexity and responsibility lies with you, here you can count on the support of the parent organization.

Work as an agent of a brokerage company is no different from being employed in any other position.

Forex Brokers

Choosing a good Forex broker is a very important question. After all, everyone wants to be sure that nothing will happen to his money and that at any moment it will be possible to pick it up.

To be sure that the stock broker will not disappear with your money, will not let it go inexplicably, you should study the detailed statistics of the company's actions over the past few years. You need a good company with a clean reputation, accurate execution of all agreements, a stable platform and the ability to withdraw money at any time.

The data below will help you decide on a reliable broker to help you make money. Be sure to take into account the broker's fundamental indicators - reliability, working hours on the stock markets, amount of capital, reputation. Reliability criteria play a major role in choosing a broker. Always keep your mind sober and don’t fall for various promises in the spirit of 100% - 500% per month.

Rating of Forex brokers

You may be surprised to find out how many companies offer brokerage services on the Internet, but, as mentioned above, do not fall for false promises. Choosing a good broker will require some work from you.

Composing our rating of Forex brokers, we primarily relied on the reliability of the dealing center and broker. After all, working with an organization that successfully invests your money, which you cannot withdraw, does not make sense.

Among the huge number of companies offering brokerage services at Forex, it is difficult to talk about the regional affiliation of the company. Most of these firms are registered in offshore zones, and they operate in Russia.

We agree to call “Russian” those brokers who work mainly with the Russian-speaking population. For example, the Brocco trading platform has a place of registration in Mauritius, and from there it is regulated, but the main regulation of activities is directed to the Forex market in Russia, Ukraine and other CIS countries.

Reliable DC and Forex Brokers

The first broker in the Russian market of the largest companies providing brokerage services is Alpari (website).

Alpari Group of Companies is the largest not only in the market of Russia and the CIS countries, but also one of the largest in the world. As of March 2011, Alpari’s monthly turnover was more than $ 210 billion, and the number of active accounts exceeded 170,000.

By opening a deposit at Alpari, you can be calm about the safety of your money, even if it comes to a very large amount.

If we talk about advertising in the spirit of “The Best Russian Forex Brokers” (you have probably seen one), I want to note that it carries practically no meaning and does not guarantee you that this company is really something of itself.

Before you start working with a particular brokerage firm, read reviews about it on independent sites or ask more experienced users in specialized forums. So you will probably find out all the shortcomings of a company.

Advantages of Alpari

The reliability of the company is beyond doubt.
You can work with Alpari both with small soums and with large ones.
The company has been present in the brokerage services market since 1998.
Alpari’s monthly turnover of over 210 billion dollars.
The company operates in 20 countries and has more than 600 employees.
Alpari has opened more than 170,000 active accounts (more than 300,000 in total).
Good conditions for investors, spreads - from 0.5 pips.
Low Limit / Stop thresholds, which is convenient for placing pending orders, which can be placed directly near the price point.
It has a large set of tools that allow you to specify in detail how to manage your funds.

Alpari is not only the largest enterprise in the Russian brokers category, but also one of the largest companies providing such services worldwide. This is a large, solid and reliable company.

Here, they respect both advanced brokers and ordinary traders. If due to some technical reasons there was a leak of your funds, it is enough to fill out an application, the administration will consider it and with a high degree of probability you will be able to return the lost money back.

Alpari is a rare company on the Internet of Russia, which scrupulously refers to its own reputation. Alpari also collaborates with ECN Currenex, which allows you to conduct financial transactions directly through the interbank. In addition, RBC magazine recognized Alpari as the best forex broker of 2009.

Now let's look at some of the foreign representatives from the "forex brokers" category.

The following companies are leaders in terms of reliability:

Alpari UK. English company, part of the Alpari group of companies.
Dukascopy. Swiss company.
FXCM. Large European broker.

Regarding the reliability of the dealing, the best are Alpari and Dukascopy, both of these companies offer users direct access through the interbank.

Our rating of Forex brokers does not take into account the entire list of companies providing these services, but only those that we were able to experience from our own experience.

Credit brokerage services

The modern market for credit services is constantly evolving and is characterized by a huge variety of offers. A simple person who needs a loan is unlikely to be able to quickly figure out what's what in these truly endless expanses.

In choosing the best and reliable lender, you will need the help of a loan broker, the best provider of such services in Russia is the company Credit Expert.

If necessary, any loan broker will help you get a loan. Assistance in obtaining a loan also includes the selection of the most suitable tariff plan for a particular client, advice on the pros and cons of this loan program.

Brokerage operations with analytical activities will help you make a list of the most suitable loan offers. Simply put, brokerage activity is a set of measures aimed at satisfying a client’s credit needs and minimizing risks when taking a loan.

A loan broker will provide professional assistance thanks to his theoretical and practical knowledge. From such cooperation, the client will receive a full, worthy and timely consultation in choosing a suitable lender for him.