Why can mortgage brokers get better rates? Mortgage brokers often work closely with lenders, so they may have access to insider knowledge, deals and rates the average home buyer doesn’t. Can mortgage brokers get better deals than banks? They often have access to a range of mortgage products, allowing youRead More →
The interdealer broker makes its money by taking a small percentage of each trade as commission. … As financial markets evolve and increasing amounts of trading takes place electronically, interdealer brokerage firms are also turning to electronic systems to broke deals between buyers and sellers. What is an intermediate broker?Read More →
Given that the broker has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. The fact that it has a long track record and publicly disclosed financials while being listed on a stock exchange all point to IB being a safe service provider. Is my money safe in InteractiveRead More →
What Is an Interdealer Market? An interdealer market is a trading market that is typically accessible only by banks and financial institutions. It is an over-the-counter (OTC) market that is not restricted to a physical location, nor does it have a centralized exchange or market maker. What is an intermediateRead More →
Myth #1: All Stockbrokers Make Millions The average stockbroker doesn’t make anything near the millions that we tend to imagine. In fact, some lose a lot of money through their trading activities. The majority of companies pay their employees a base salary plus commission on the trades they make. HowRead More →
A broker does not have to buy the stock you are trying to sell; a broker is there to act as an agent on behalf of the seller, finding someone to make the purchase. Where are you buying stocks from? The easiest way to buy stocks is through an onlineRead More →
In Australia, mortgage brokers are paid a commission by lenders, for introducing clients to home loans. So brokers are paid by the lenders and not the customer. This type of payment is called the upfront commission. Mortgage brokers can also earn a trail commission. Is being a broker worth it?Read More →