A broker is an individual or company (brokerage firm) that arranges transactions between a buyer and a seller, and earns a commission once the transaction is executed. In other words, it is an actor who acts as an intermediary between the two parties of a purchase / sale operation and charges a commission for its services as a profit.
What Kind of Brokerage Platform You can Opt for
Generally speaking, a broker is an independent agent that is used extensively in some industries. The primary responsibility of a broker is to bring buyers and sellers together so that they can trade with each other using the broker himself as an intermediary . Therefore a broker is a facilitating agent for transactions between buyers and sellers. An example could be a real estate broker facilitating the sale of a property. You can opt for the CTB platform for the perfect brokerage process. For that you will not have to worry about the Global CTB scam. It’s a hoax.
For the Brokers
Forex Brokers can also provide considerable market information regarding prices, products, and market conditions. Depending on the case, brokers can represent the seller (90% of the time) or the buyer (10% of the time) but not both at the same time. An example could be a stockbroker, who carries out the sale or purchase of shares on behalf of his client. Currently, brokers play a fundamental role in the / sale of stocks, bonds, futures, currencies and other financial services.
What are the Advantages?
There are several advantages to using a broker. First of all, they know the market and usually have established relationships in the industry that allow them to offer market access that many investors could never have on their own. Brokers have the resources and tools to reach the widest possible base of buyers and sellers. Many brokers are related to large banks or other financial institutions, which gives them access to even more resources. Another benefit of using brokers is the cost, since they can be cheaper as in the case of Forex, where there are companies that allow you to open accounts with a low initial capital and charge relatively cheap commissions compared to other financial markets.