Brokers

Brokers

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Broker (dealing center) are companies that open for their clients access to trade in the world financial market. The top-ranking ones, such as STTN, cover a full range of financial assets: currency, share, raw materials, securities, CFD-contract. In fact, it is an intermediary between the trader and the financial market.

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HOW DOES THE STTN BROKER PROVIDE ACCESS TO TRADE?

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In order for our client could trade on the world financial market, we convinced that he has a specialized program "adviser" installed on his computer, which is provided by the broker he cooperates with.

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The volume of trade transactions in the financial market is calculated in lots.

1 lot = 100,000 basic units.

The basic unit in a currency pair is precisely that currency for which another currency is being sold or bought. For example, if there is a US dollar in the currency pair, then, in particular, it fulfills the role of B.U. In these conditions, margin trading allows you to conduct trades in lots even for those customers whose initial deposit is not very large.

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WHAT DO STTN BROKERS MAKE MONEY ON?

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The main source of earnings of the broker is spread.

Spread is called the payment for conducted trading activities or the difference between buying and selling currency.

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Still not clear? Then we consider in more detail:

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Spread is the difference between the best request price for a sale and the price for sale in one particular time period for the specified assets (stocks, commodities, currencies, futures, options).

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Therefore, a broker is an intermediary, whose interest lies in as many transactions of his clients as possible, because that is precisely what determines his profit.

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