A broker is a legal entity that acts as an intermediary between a buyer and a seller. The broker's main income is commission payments. It is also a trade representative on the securities market, a legal entity that has the right to conclude transactions with securities at the expense of the client and by his order, or in his name — but at his expense, based on a fee contract with the client.
There is a concept of an introducing broker — an independent legal entity or individual who accepts orders from clients to complete transactions at the exchange. He does not keep their records and does not accept payment of the deposit or margin in money or other values.
To cut it to the chase, the broker is a legal entity, which undertakes the intermediary functions between the conditional seller and the buyer. The broker represents the interests of his client and receives remuneration in the form of a commission from each concluded deal. FX brokers are strictly regulated by law. According to the current requirements, each broker must have a license for the provision of such services.
The specialization of brokers is determined depending on the sphere of their activity. Financial brokers are responsible for transactions, which implies the turnover of funds. Non-financial brokers do not work directly with the resource base, but actively use it in the conclusion of transactions.
A broker performs his actions as afore instructed by his clients. In the process of making deals, he uses the money of the persons, who signed an agreement with him. For these activities, the broker receives remuneration, which may be
fixed fee or expressed as a percentage.
Brokers can act single-handedly or on behalf of clients. They render intermediary services on the Forex market. Besides, their job is to conclude contracts with foreign currencies, precious metals, and securities.
Absolutely all transactions at the stock and securities market are available only to officially registered intermediaries. Organizations that do not have a professional lawyer on their staff, as well as individuals without the appropriate education do not have enough time to analyze the legislation.
Brokerage companies, on the other hand, regularly study changes in state acts. It allows them to earn income from consulting services. Clients can get answers to all their questions and clarifications of unclear points from the broker.
1. Why do I need to registrate a company?
- if i'm doing an active business on the international market;
- foreign assets management;
- import-export operations;
- international partners cooperation;
- access to foreign resources: loans, investment opportunities, markets, etc;
- protection of property rights to any assets.
2. How to registrate a company?
- choosing organizational and legal form; legal address registration.
- fee and services payment;
- bank account opening;
- minimul share capital payment;
- and each stage requires the collection of a specific package of documentation, so after you filled out an application for registration of a company it takes time until a decision on registration is done.
3. What are the benefits of starting a business with our company?
- We provide a full range of services, including registration of a company, collection of necessary documents, obtaining a license for the necessary type of activity, opening a bank account and much more.
- We are fast and reliable, we keep every customers data secure.
- We are efficient, we provide a personal touch to each case to help lead your business better.
4. How do I decide which business legal structure is right for my company?
You will need professional legal guidance to make this decision, but the first step is learning what the different structures are, depending on your situation, your long-term goals, and your preferences.
Types of legal entities:
- Sole Proprietorship (is a type of unincorporated entity that is owned by one individual only);
- General Partnership is an agreement between partners to establish and run a business together;
- Limited Liability Company (A hybrid between a corporation, general partnership, and sole proprietorship);
- Corporations (legal entity that is separate and independent from the people who own or run the corporation, namely shareholders).
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