19:24 GMT+3 / 24.07.2024

How to choose a broker for trading on financial and stock markets

Now many are eager to invest. One of the easiest ways to become an investor is to trade on the stock and financial markets. This can be done from anywhere in the world. It is enough to make payments on time and you can calculate profits. But it is impossible to “break through” to bijou on your own. Only accredited broker organizations can work on the exchange. Therefore, we have to turn to their services.

Choosing a broker is not easy. It is necessary to find a reliable company that is willing and able to work conscientiously, providing profit to its client. Platform provides information on brokerage companies. It contains truthful reviews that will help you get an idea of how a brokerage company works. The resource sees its mission in making financial services of higher quality.

Why do I need a broker

Stock and financial markets are Internet platforms where you can earn money by buying and selling stocks, cryptocurrencies, and fiat money. To invest on exchanges, you need a broker and at least initial financial knowledge. In recent years, interest in investments has increased dramatically. Experts attribute this to the increased financial literacy of the population. Many new players have appeared on Russian stock exchanges. The number of brokers has also grown. For those who want to invest money on the stock exchange and earn income, the choice has increased.

Novice investors solve a lot of questions for themselves, the answer to which depends on the success of the activity. One of them is whether it is possible to do without a broker. According to the current legislation, an individual cannot work directly on the exchange. This requires a license. Such a document is very expensive. Therefore, an individual and a legal entity can trade on the stock exchange only through a broker – a financial company that has a license.

Broker's responsibilities:

· Register a client on the exchange.
· Conduct on behalf of the client and on his behalf transactions for the purchase and sale of assets.* Take into account and register purchased and sold shares and bonds.
· Make settlements between the seller and the buyer.
· As a tax agent, withhold value added tax from the profit received by the client.

How to choose a broker

Now there are about 300 companies providing brokerage services in Russia. These are independent financial enterprises and members of any financial groups, such as banking associations. It is very difficult to choose a broker from such a large number of companies. There are clear criteria that beginners can follow.

The company must have a license from the Central Bank. As a rule, the broker publishes it on the main page of his website. Other licenses in our country are invalid. If instead of a document from the Central Bank on the website of a brokerage company there is a document in an incomprehensible language, this is a good reason to bypass this broker.

Reliability ratings of financial companies are compiled annually. There are brokers who occupy high places in almost all ratings. When choosing a business partner, you should first consider their candidacies.

Why should a broker be reliable? The fact is that any brokerage company can go bankrupt. Unlike bank deposits, shares and other assets held on exchanges are not insured in case of bankruptcy. If the company works in good faith, then in case of bankruptcy, according to the law, it will transfer securities to another brokerage firm or return them to the register of companies that issued shares. But if the broker is unreliable, unscrupulous, investors will lose their assets. When contacting a brokerage firm that has been working on the market for many years, has a large number of good reviews and a license, the chance of losing funds invested in exchange assets tends to zero.

Conducting trading operations in financial markets with margin financial instruments has a high level of risk and can lead to losses and loss of investment funds. When starting trading, make sure that you are fully aware of all the risks, as well as have the appropriate knowledge and experience for trading.

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Trading in financial markets with margin financial instruments has a high level of risk and may lead to losses and loss of investment funds. When starting trading, make sure that you are fully aware of all the risks, as well as have the appropriate knowledge and experience for trading.