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Broker definition
A broker is a financial intermediary that connects traders to markets and executes their buy and sell orders. A broker may provide a trading platform, pricing, leverage, account services, and risk tools.
A broker handles instruments such as forex pairs, shares, commodities, indices, futures, options, and CFDs. It may execute orders through exchanges, liquidity providers, or its own infrastructure, depending on the market and broker model, and it earns from spreads, commissions, overnight financing, or other account fees.
A broker differs from a dealer and a market maker. A broker acts as an intermediary for client orders, while a dealer or market maker trades on its own account and takes the other side of the trade. You assess a broker by its regulation, trading costs, platform quality, execution speed, available markets, and client protection.
Broker Example
You want to buy EUR/USD, so you place a buy order at 1.0850 through a broker's trading platform.
The broker routes or executes the order and opens the position in your account. You then track the position, margin, floating profit or loss, and closing price through the same platform.
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The information provided on this website is of a general nature only and does not constitute personal financial advice. Before acting on any information on this website, you should consider the suitability of the information in relation to your objectives, financial situation and needs. Investing in CFDs and FX Margin Contracts carries significant risks and is not suitable for all investors. You may lose more than your initial deposit. You do not own, or have, any interest in the underlying asset. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. It is important that you read and consider the disclosure document before you acquire any product listed on the website. The information and advertisements offered on this website are not intended for use by any person in any country or jurisdiction where such use would be contrary to local laws and regulations. The Products and Services offered on this website are not intended for residents of the United States, Malaysia and Thailand.
TMGM is authorized and regulated in various jurisdictions.
Trademax Australia Limited, trading as TMGM, is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 436416 and is located at Level 28, One International Tower, 100 Barangaroo Avenue, 2000 Sydney, NSW Australia.
Email: support@tmgm.com.au
Trademax Global Limited, trading as TMGM, is authorized and regulated by the Vanuatu Financial Services Commission (VFSC), registration number 40356 and registered at 1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu.
Email: support@tmgm.com
Trademax Global Markets (SE) Limited, trading as TMGM, is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with license number SD224. The company is registered at Office No 13, Providence Estate ABIS Centre, Mahe, Seychelles.
Email: support@tmgm.com
Trademax Global Markets (International) Pty Ltd, trading as TMGM, is authorized and regulated by the Financial Services Commission, Mauritius (FSC) with license no. GB22201012, and registered at 33, Edith Cavell Street C/o IQ EQ Fund Services (Mauritius) Ltd Port Louis, 11324 Mauritius.
Email: support@tmgm.com
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