✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section, updated for the year 2022, we will try to express it in a simple way and without many details, in broad strokes, thus, it is easier to understand what a broker is and how it works.
We begin, simply speaking, a broker is basically the intermediary between you and the markets ☑️. So a broker, when you place an order in the market (say for example, you want to invest $ 1000 in Apple shares), the broker places it in the market for you, it's that simple.
So maybe you should think of a broker as your bank account, for example, only YOU have access to that account, unless it is a managed account, there some things vary. Although it is worth mentioning that in general, with the majority of regulated brokers (due to a good regulation), the management of accounts by the broker is prohibited, due to a conflict of interest.
So today, with most brokers, one can start with them online, the brokers are located all over the world. It is as simple as going to the website of a broker that you like, and registering. Always remember to choose a good regulated broker, here is an article about how to know if a broker is regulated or not.
Usually the broker will ask you for some documents or similar to verify your identity. Once they approve this identity verification process, you will be able to fund your account. There are different methods to do this: debit card, credit card, bank transfer, Paypal, Skrill, Neteller, and other payment processors. After that, you configure everything, and you are ready to go!
So, when you are already determined to make a move, you will do it on the platform with which the broker works. Some brokers have their own platform, although in most cases they use platforms to invest.
➡️ The broker's profit ⬅️
One will always lose a little money for each transaction, and that little money is called a spread, and it is the profit margin of a broker, it is like a fee, a charge.
Usually the spread is where the broker's profit comes from, the broker charges a small commission for each instrument traded. Now, something very interesting about brokers is that today spreads are much more competitive than ever, due to the internet and today's technology, and due to the competition between brokers, which favors us with lower spreads.
➡️ Platforms to invest ⬅️
The most popular in our opinion is the MT4 (MetaTrader 4) or MT5, although there are many, some others widely used are: cTrader, NinjaTrader, Sirix and a few others. In our opinion, the most comfortable platform is the MT4, although it may be because we have become used to it.
➡️ And then, which broker should I choose? ⬅️
Well, we recommend a broker with a track record and regulated, we also invite you to read our section with different tips for selecting a recommended broker.
If you have any questions with a particular broker, you can leave us a message through our contact section.
➡️ Is my money safe? ⬅️
Yes, your money is safe, like when you open a bank account, you had to provide certain information, and usually you will be the only one with access to withdraw that money, no one else. Maybe other people have access to your account to make movements on your part, there are also ways to have a managed account, but again, if we talk about withdrawals, you are the only one who can make them. We also recommend you read our section on Scam Brokers, how to recognize them and in general, the measures you should take to avoid being scammed.
Would you like to read other of our educational sections? ☑️ We invite you to visit our educational section, with all our articles, guides and resources related to brokers and the world of investments.
For any questions or suggestions, you can leave us a comment in this same section.
Hello, what do you tell me about Invest Markets? Are they reliable?
Hi CAROLINA, thanks for asking, but InvestMarkets is a SCAM. They always want to get as much money out of you as possible with lies, the operations are not real, they don't put the money on the market, they only show it and in the end they tell you that you've lost and they keep it. They always try to manipulate you, they will not return your money, neither the initial one nor if you send them later you will not see it anymore, try to claim through our chat.
⛔ Attention ⛔, this broker is closely linked to 24option, another broker with a disreputable reputation that has scammed hundreds of people.
You can read his review here: https://brokersrecomendados.com/investmarkets-comentarios/
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
If you want to see more reliable options look at this link: https://brokersrecomendados.com/brokers-recomendados-2021/
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
Hello, I would like to know if the EMPORIO GLOBAL platform is reliable to invest
Hello Alfredo, the benefits are manipulated by them from the platform, they are fictitious. Thank you for sharing your experience with Emporio Global. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you have lost and they keep it. They always try to manipulate you, they will not return your money, neither the initial one nor if you send them later you will not see it anymore, try to claim through our chat.
You can read a review about them here: https://brokersrecomendados.com/emporio-global-comentarios
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
They are a particular fraud, Barbara Leal, led me to lose more than 73000 dollars in a single operation in less than 19 minutes. Also every time I wanted to withdraw there was some pretext that prevented me from doing so.
Your mail [email protected]
[email protected]
Hello Miguel Angel, thank you for sharing your experience with Emporio Trading. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you have lost and they keep it. They always try to manipulate you, they will not return your money, neither the initial one nor if you send them later you will not see it anymore, try to claim through our chat.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
regards
Hello, I would like you to give me your opinion about the easymarkets broker, if it is safe or not? if they are serious? If they have good market management, I'm about to get an account managed by them with 100 usd
Hi Juan, at the moment we do not have many complaints about this broker, it is regulated by CYSEC (Cyprus / Europe) and although it is not the best of regulations, it is not bad.
Greetings.