Online broker - who is it and why is it needed? Brokerage services: everything you need to know Brokerage services in the stock market.

Today you won’t surprise anyone with deposit accounts in different currencies. But investments in the form of investments are not yet so popular, but are rapidly gaining momentum.

There are many pitfalls in this type of activity. And it will be difficult to cope without outside help. Naturally, an intermediary is needed, that is, a broker. And, judging by the reviews, Sberbank brokers do a good job.

How to choose a broker

  1. The reputation of the organization and its reliability rating.
  2. Ease of use and professional qualities of the staff.
  3. Prices for service packages (including standard) including commissions.
  4. User reviews.

Why Sberbank?

The main indicator is reputation. As confirmation, you can familiarize yourself with the turnover of the bank’s trading operations on the stock exchange. This data is freely available on one of the Moscow Exchange portals. The section is called “Leading Operators”: Top 20.

The next point is the number of attracted clients. Both indicators indicate that Sberbank is among the top five operators. This has a positive effect on customer reviews of Sberbank brokers.

Sberbank CIB (Sberbank's corporate investment business) has been offering brokerage services for many years for clients who prefer to personally manage their capital. All transactions are carried out online and from anywhere in the world. A wide network of customer service branches throughout the country provides a unique opportunity to work in global financial markets.

Offers from broker Sberbank (Moscow)

A credit institution as an intermediary makes it possible to submit applications to a specialized 24-hour trade desk service. Applications are accepted both by telephone and through the QUIK system. This is a well-known software that needs to be installed on your computer. QUIK works via the Internet.

Sberbank as a broker provides services such as:

  • Conducting unsecured transactions. This is margin trading, which allows transactions with securities, the volume of which exceeds the value of the investor’s assets (money or securities).
  • REPO. That is, over-the-counter transactions, which are considered an alternative to lending operations secured by securities. The transaction makes it possible to quickly gain funds from existing securities in your personal portfolio.
  • With its help, you can receive additional income in the form of 2% per annum from securities in your personal portfolio (short-term placed).

At the moment, there are both positive and negative reviews about the services of Sberbank brokers.

Sberbank cooperates with well-known trading platforms, which allows you to carry out transactions with a variety of financial instruments. Trading platforms available to Sberbank clients are:

  • “Main market”, belonging to the group of stock markets of the Moscow Exchange. Here they trade subfederal, municipal and corporate bonds, as well as shares.
  • "Future Market" (with access to futures and options contracts).
  • Over-the-counter market (trade Eurobonds, shares (units) of foreign investment funds and depository receipts).

Select an account

Sberbank brokers offer their clients two categories of accounts to work on trading platforms:

  1. Basic. It includes simple brokerage accounts.
  2. Special. This includes investment accounts and individual ones.

The trading participant has the right to open two accounts simultaneously. Accounts of the first category when working on the site reflect all ongoing transactions with securities, show the movements of financial assets in real time and the results of transactions performed (including for a certain period).

In reviews of Sberbank of Russia brokers, many indicate that an individual account has some tax benefits. In addition, there are restrictions on the amount of enrollment: it should not exceed 400,000 rubles.

Opening an account

Opening an account allows Sberbank to become a client’s intermediary on the trading exchange. To do this, you need to appear in person at a branch of a financial institution and write an application in which you must indicate your phone number and current email address. The bank will send confirmations for transactions and financial reports to it. In addition, the bank specialist will need a passport, a plastic card of the future broker and his identification number.

After opening an account with the help of a bank manager or yourself, you need to obtain account details in the terminal. The whole procedure takes no more than half an hour.

Judging by the reviews, Sberbank brokers do not limit the size of the lower limit of the brokerage account. It depends on the desire and solvency of the client.

The addresses and telephone numbers of Sberbank branches and offices that work with brokerage accounts can be found on the official portal of the credit institution.

The account is open. Now what?

Upon completion of account registration, the bank is obliged to issue the client:

  • terms of tariff plans for depository services;
  • declaration on possible risks in the securities market;
  • completed investor questionnaire;
  • list of remuneration to the bank for brokerage activities;
  • a card with the investor’s code table and a copy of its acceptance certificate;
  • a copy of the application written by the investor for brokerage services.

Now you can legally engage a bank as a broker and start learning the basics of investing by first installing the QUIK system software.

Cost of services

Credit institutions charge some compensation for their assistance in investing. Its main rule, judging by the reviews of Sberbank brokers, is that as the deposit increases, its size decreases. Another case of a reduction in remuneration is when the daily turnover exceeds 50 thousand rubles.

For clients

Most of the reviews note the ease of working with the company. And indeed, there are plenty of advantages here:

  • The application procedure is simple, and its processing takes place in the shortest possible time;
  • a large number of trading terminals;
  • novice investors;
  • competent technical support;
  • the ability to analyze operations at a professional level;
  • availability of tools that allow remote document flow;
  • creation of mechanisms that monitor the status of a transaction in real time;
  • availability of a personal account and personal assistant - investor;
  • a sufficient number of services for withdrawing and depositing funds.

Personal Area

Sberbank of Russia as a broker has an almost ideal personal account. It was created on the basis of the QUIK system and allows you to monitor quote jumps and account movements, as well as use various additional options. And all this in real time. Plus, Sberbank has posted large detailed instructions that allow you to accurately install the QUIK system and use it correctly.

A spoon of tar

On many sites, including the official portal of Sberbank, they write that it has good indicators in all positions. That he has been occupying a place of honor among the ten largest brokers for several years now. That the bank has been conducting training seminars on (IIS) for two years now.

The management company with which trust management agreements are concluded, Sberbank Asset Management JSC, offers clients two lines of IIS development. Agreements for investing in mutual funds are concluded with her. And so on and so forth.

Among traders' reviews about Sberbank as a broker, positive ones are not so often found. There is a common opinion that the tariffs on the MICEX are very high, it is impossible to open an account remotely, there is no single account and no currency section.

Beginners most often write that they do not have the strength to endure constant extortions: a commission for opening and closing a transaction (and more than one), plus 149 rubles per month for the first opening or closing of a transaction and, naturally, 13%. As a result, there is no profit at all. If you withdraw in parts, 13% is withdrawn every other time; at the end, the manager calls and asks to pay off tax debts. Tax is also charged on a negative transaction, and even on the withdrawal of own funds (not profit).

Those who have been trading a little longer talk about managers who are terrified by the words “quick” and “futures”. They send one to another, and, as usual, it is not possible to obtain information either on tariffs or on current transactions.

Both newcomers and guards agree in one opinion: there is an artificial creation of problems for clients. It happens that an account is frozen by mistake, and you can only find out about this during the purchase process. And even when the situation becomes clearer, the account is not opened immediately, but within several weeks.

There are also reviews about the work of Sberbank brokers in which clients complain about the impossibility of quickly withdrawing or creating an application. At the same time, the server steadily freezes, and the money goes away. In such a situation, many people urgently change their broker.

Regulars of brokerage markets are sure that the server is “hung up” on purpose as soon as volatility rises. Then the connection is interrupted. They believe that this broker is not able to provide quick and, most importantly, stable access to the market. But the strangest thing is that it seems that he doesn’t want to...

There are a lot of indignant reviews about rudeness. Moreover, the conversation is not about one or two managers, but about a large number of employees in different cities and branches. Traders and investors interpret this position of bank specialists as a desire to get rid of them.

What's the end result? As a result, the competence of managers and trading consultants is assessed at one and a half points out of ten. Adequacy of tariffs and additional services - one point. And even in the sum of all parameters, Sberbank brokers do not even reach two out of the same ten points.

Quite often I am asked this question by investors who are just starting their journey to financial independence. And it seems that in general terms everything is clear, some kind of company that takes money, does something there, spins it and then it disappears somewhere) Just kidding, no one disappears anywhere, I’ll tell you where to find an honest online broker with whom you will earn money your first million.

I will try to explain in a more accessible and understandable language who a broker is and what he actually does for people who are not very knowledgeable in the field of investments, finance and world markets.

So - an online broker or brokerage company, what is it and what is it for? To begin with, I will list what a modern man does and what they are, and then we will analyze all the points in detail.

  • The Online Broker performs important functions:

  1. Performs intermediary functions between and on the financial market.
  2. Provides the necessary tools for stable and confident work of all market participants.
  3. Conducts all financial transactions between market participants.
  4. Provides analytical materials on the world's economies, which helps many in their work.
  • How does an online broker work?

I will say this, if there were no brokerage companies, we would not be able not to trade, not to invest.A broker is a cog in a financial mechanism that connects with the global financial market, as well as the investor and, yes, rearrange market participants as you wish, the meaning will not change. The broker brings everyone together and gives everyone the opportunity to earn money.

In other words, there is a seller of currency or (), it doesn’t matter, who urgently needs to get rid of this property, that is, he decides to sell his asset. What he does is he goes to (not directly, but in the sense of turning on the computer and entering the market using an online broker), then he puts up for sale this asset he does not need.

At this time, in another part of the globe there is a buyer who urgently needs what our seller has just put up for sale and he purchases this asset for the price that was offered.

So that these two wonderful market participants do not have to fly to each other on a plane to visit each other in order to carry out a purchase and sale transaction, the world stock market was invented. This is, of course, a simplified version of what happens on the stock exchange, but that’s the point.

On this exchange, millions of transactions per second for billions and hundreds of billions of dollars occur. There are hundreds or even millions of such sellers and buyers every day. These could be large banks, companies, private funds, investors, etc. They all want to sell something or buy something (I mean financial).

So, in order for the necessary information to reach these two comrades on the monitor, there is an online broker who will select and sort all the requested information for you and give the exact result in the form of a graph.

All this happens in a fraction of a second and with very high precision. Brokers regularly monitor the speed of execution of trading operations, regularly update trading equipment designed for working on the stock market, so this is a very complex and high-speed mechanism.

Here's what it looks like visually:

Online b rocker (from English broker - broker, broker, intermediary) - a legal or natural person performing intermediary functions between the seller and the buyer, between the insurer and the policyholder (insurance broker)

The broker provides you as a client with the entire necessary set of tools so that you can work with financial markets comfortably. The broker will give you the opportunity to invest in professional trust management funds, in raw materials, in foreign currency, in ready-made ones, in everything you can make money from.

  • How to choose a reliable online broker?

If you decide to trade or invest your free funds, the first thing you need is to decide on a reliable broker with whom you can work with peace of mind.

The first thing you need to do when choosing a broker is to determine its operating hours. The longer it works, the better for you (a good time to determine reliability is 5 years or more). I recommend a reliable and stable company to work with the stock market.

The next step in determining reliability will be reviews from real people who have been working with this company for a long time (you can find them on the Internet or on forums for making money online or on blogs of private investors).

Having made your choice, you register and enter into an agreement to provide you with services in the financial markets. By registering, you accept all the conditions specified in the broker agreement. The first and most important thing that any online broker warns about is the risks that financial markets carry. You must be prepared for losses and invest only free money that you don’t mind losing.

By registering and accepting all the terms of the offer, you replenish your account with the broker in any way convenient for you, which are presented on the site. Please note that some brokerage companies may charge a commission for depositing and withdrawing funds from your account.

After these operations, you are a full-fledged client of the broker. You can either start trading on your own or invest your money, entrusting it to professionals.

  • How does an online broker make money?

Like any online company, offline brokers are interested in clients and the more of them, the better.

I already said above that brokers can set commissions for depositing and withdrawing funds. But if part of this money goes to pay off the costs associated with it, then the commission established by the broker for each transaction made by the client, regardless of whether it is the investor or it, goes into the pocket of the company itself.

The broker will take his toll in any case, since regardless of whether you earned or lost, you are required to pay a commission; as a rule, it is debited automatically. It is on this commission that the broker earns.

Imagine you are selling 100 dollars with a spread (commission 0.1 point), which will be only 0.10 cents is the broker's remuneration. But only private traders can trade such small amounts.

Now imagine, a large bank is selling 1.000.000 dollars with the same commission of 0.1 points, how much will the broker receive? That's right, the broker's profit will be 10.000 dollars from one client, and one online broker has more than one client 100 thousand or more. So consider it!

  • Regulation of online broker activities in Russia

In Russia, quite recently, namely on December 16, 2014, a law regulating the activities of online brokers came into force.

The law is constantly being improved and supplemented, new clauses appear that tighten the work of brokers in Russia. I will not dwell on the details of the law, I will say one thing, the requirements for professional participants in the Forex market are very strict.

For non-compliance with these laws, brokers do not receive licenses and, accordingly, do not have the right to work in the territory RF. This is why many brokers operating in the Russian Federation are registered and have jurisdiction offshore.

Appointed to monitor the work of brokers, issue and revoke licenses to work, as in banks TSB RF. You can read the full law at the link Kitchen - this is a type that poses as real licensed online brokers, but in fact does not work with the exchange. All information and all transactions are processed within their system (cooked), hence the name.

  • Conclusion on all of the above

  • An online broker is an integral part of any financial markets. Without a broker you cannot become a millionaire.
  • You need to choose a broker very carefully and remember the risks that financial markets carry. Since you can simply take the million you earn and not get it into your wallet.
  • Brokers will never run out of money. They make money both from your profits and from your losses. Regardless of your success and the amount of your money, the broker will take his commission.
  • Online brokers in Russia have recently begun to be regulated and, like all financial organizations, to comply with Forex activities.

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Greetings, novice investors! I am sure that my review today will please many of you. I thought for a long time about what to devote this article to, and suddenly I realized that it is impossible for ordinary private investors to get into the stock market. In this regard, every single transaction on the stock exchange can be carried out only through professional intermediaries - brokers. It is for those who are already thinking about how to choose a broker and where it is better to open a brokerage account that this article was written. In it you will find the most important points that all newcomers to the stock market need to pay attention to: from the criteria for assessing the reliability of an intermediary company to the choice of a tariff plan. Sit back and get ready to gain invaluable knowledge!

Broker selection criteria

Today, finding a broker is not difficult - almost all large banks act as intermediaries and provide individuals with access to exchange trading. These in our country include Sberbank, VTB 24, and Gazprombank. Please note that a real intermediary must have a brokerage license. You can check its availability on the Central Bank website , where you can download a list of current brokers. If the company you are interested in is on this list, then everything is in order and you can safely use its services.

Considering that the number of brokers that provide individuals with access to the stock market is growing literally by leaps and bounds, stock trading for beginners should begin with the choice of an intermediary. Since they are all, one way or another, similar, you can decide how to choose a broker on the stock market by analyzing the following selection criteria:

  • reliability;
  • tariff plan and the size of the commission;
  • convenience and work comfort.

Well, now, let's talk about each of them in more detail.

Company reliability

I would like to immediately begin your training in brokerage business with the fact that the criterion of reliability is quite subjective indicator. Even the largest companies cannot always be reliable. However, I personally believe that the largest firms, market leaders, can be called reliable. To estimate the size of a brokerage company, just look at the number of its clients and the turnover of transactions on the stock exchange. I advise you to choose from the list of companies that are included in top brokers.


Tariffs and commissions

Broker commissions are one of the most important aspects that long-term investors should pay attention to. So, an annual commission of 1% over 10 years will reduce the profitability of your investments by as much as 10%. Most often, clients are offered to choose several options for tariff plans with different conditions, which depend on the volume of transactions, trading style and exchange sector. The commission may be fixed amount, or may be charged in the form of percent on the size of the transaction. The larger this amount, the less interest you will pay.

There are tariffs under which clients pay the contractually agreed amount monthly, regardless of whether any operations have been carried out or not. This option can be beneficial for those who make volume trades, since it is cheaper to pay fixed amounts rather than a percentage of the completed transaction.

Choosing an intermediary be sure to find out:

All service fees

  • What will your depository expenses;
  • Will you need to do monthly or annual subscription fee;
  • What is leverage rate(leverage);
  • Commission amount when buying/selling shares.

What is the minimum deposit amount

What conditions does the broker provide for depositing and withdrawing money into your account?

  • Number of deposit methods and their fees;
  • % for bank transfer;
  • Deadlines for admission;
  • Will you have to pay tax on the sale of shares, and in what form will client information be sent to the tax service?

For ease of comparison, I suggest you study an example of the company’s commissions Finam:

I would also like to note that before you open a brokerage account in the company you like, don’t be lazy to read full description of the tariff, in which additional commissions may be hidden. So you may well be asked to fork out, for example, for maintaining an account when there is little trading activity on it.

Convenience and comfort

Personal experience

As for me, my experience began with the fact that I categorically refused to work with the Russian stock exchange. This is due to the fact that this market is one of the developing ones, and therefore much more unstable than its counterparts from the USA or Europe. Due to my ignorance of the domestic exchange, my search led me to a broker just2trade . I want to say right away that this intermediary is a subsidiary of Finam, and is registered offshore in Cyprus. To start trading, you must have a minimum amount of 200 dollars. For each closed transaction you have to pay a commission of about 3.5 dollars. For the use of credit funds to Finam, the broker charges 0,014% daily. Concerning insurance invoices, then on paper the amount of compensation is $50,000.

Perhaps the only factor in the reliability of this company can be considered its affiliation with Finam, which, in turn, is part of top 5 rating of stock market brokers of the Russian Federation.

Open a brokerage account

Results

In this review, I have decided not to make any recommendations or advise you of a specific broker in the securities market. I made this decision for one simple reason - I did not want my review to be of an advertising nature. I tried to be as objective as possible, shared my own experience, and I really want you to make your own decision regarding which intermediary to choose for yourself. Using all the above criteria and studying reviews of brokerage companies, you can easily identify the leader among firms in a particular market. Be careful and careful in your choice. Have a successful and profitable transaction, and see you soon!

If you find an error in the text, please select a piece of text and click Ctrl+Enter. Thanks for helping my blog get better!

Brokerage services allow you to work on the stock market yourself, perhaps using a computer.

The company provides all the necessary tools for work; this is done by managers and technical support. Anyone can become a client; to do this, you need to send a letter of affiliation. The broker's system maintains internal records where an account will be opened in the client's name. The client gives the broker an order or request. In the first case, there is some kind of instruction not related to trade; in the second case, there is an instruction about buying or selling.

Both applications and orders are called orders; trading operations are any actions with the funds that are in the client’s account, either stocks, bonds, or money. The broker has no right to carry out operations without the client's instructions. In addition to the exchange, services can also be provided in the over-the-counter market. The broker is obliged to report to the client on all transactions made and operations not related to trading. If the broker has deviated from the instructions that were given to him by the client, he must immediately inform him about this. The client is obliged to provide the broker with all the necessary funds, money and securities in the required quantity to carry out his orders.

Brokerage services This is a broker's job for a fee. The client cannot transfer management of his assets to another person without the consent of the broker. The broker can involve third parties without the client’s knowledge and change the terms of orders if this could harm the client. If the client's application is not secured, the broker may accept it at his own discretion. The instructions sent by the client should not allow for double interpretation; they can only be accepted at a certain time, which is called operational. If two or more orders are received, the broker is free to execute them at his own discretion. The application must necessarily indicate the client’s data and his account number, must indicate the type of order, with what paper and what needs to be done with the obligatory indication of the quantity

Brokerage services involve consideration only of applications that the client has signed or indicated their account index. The application is valid only during the trading session. The client has the right to order the deposit of funds by bank transfer, cash, their transfer, including from exchange to exchange. Orders can be sent by courier, by mail, fax and by telephone. If the order is sent by fax, the time is calculated from the moment it is received by the broker, the signature must be legible and the instructions clear. When applying by telephone, it is considered accepted after verbal confirmation from the broker. The broker repeats the request out loud, and the client confirms it.
During brokerage services, orders can be accepted by the broker using the System; if the cancellation of the order is late, and it has already been completed in full, or is being completed, the broker is not responsible. The tariff plan is indicated in the protocol and the client accepts it. If the client changes this tariff plan, the broker must find out about this no later than three days in advance. There may be different remuneration terms between the client and the broker than the plan.