What is the broker’s interest? Is the broker interested in your profit or loss? Does the broker manipulate charts during trading? Can a broker steal money from your account?
I.9. Who is a broker?
Who is broker?
The situation with choosing a suitable broker is not as trivial for Russia as choosing an exchange. Any company that fulfills a number of conditions of the exchange, which can be found on the Mosbirzhi website, can become a broker. More often, brokers are banks that create special divisions within themselves for this purpose. In this case, you are working with a bank. But to become a broker, it is not necessary to be a bank at all, since there is no such requirement for a broker. Here is a list of such requirements:
1. Become an entrepreneur.
2. Open an account for at least 5 million rubles.
3. Get trained.
4. Pass the state exam.
5. Apply for a license.
6. Collect a package of documents to assess compliance with the legislation.
7. Pay the state fee.
8. Submit an application to the Department of Admission to Financial Markets.
9. Obtain a license within 30 days from the submission of documents.
10. Select qualified personnel.
Based on the above, in Russia it is necessary to be extremely attentive to the choice of a broker, not an exchange. We recommend choosing large and well-known banks as a broker, for example, Finam JSC, which have been professionally engaged in this field for quite a long time and therefore less surprises should be expected from them.
Tinkoff, Alfa-Bank, and a number of other banks have good solutions for mobile trading. They can be attributed to the leaders in this field.
I.8. How to choose a reliable exchange? Moscow Exchange Website www.moex.com . St. Petersburg Stock Exchange. Cryptocurrency Exchange Finance (China).
How to choose a reliable exchange? Moscow Exchange Website www.moex.com . St. Petersburg Stock Exchange. Cryptocurrency Exchange Finance (China)
I.7. How the exchange earns?
How the exchange earns?
I.6. What is an exchange? Do scammers work on the exchange? Should I trust the exchange?
In popular rumor, there are a huge number of stories about the terrible financial collapses of daredevils who dared to trade on the stock exchange. Many people associate such stories specifically with the actions of the exchange, so there is an opinion that it is better not to contact the exchange.
Indeed, working on the stock exchange, you can lose all your money very quickly, but this is not due to the work of the exchange, but as a rule, due to the behavior of the player himself, although sometimes the situation may look like some treacherous plan for your bankruptcy, rigged by the exchange.