Legal and Licensed European Stock Broker Company
A stockbroker is a person who, as the name suggests, deals with stock and shares, advising investors on what to buy and what to sell. In general, a stockbroker in Europe can trade stocks, indices, commodities, futures, options, and warrants. They can also offer advice on day trading as well. Nowadays, you will find many large stock broker companies instead of individual brokers. One such legal and licensed company is https://robomarkets.com/for-professionals/bonuses/classic-bonus/. The best thing about the broker is that they offer a classic bonus to new clients. You will get www.robomarkets.com/for-professionals/bonuses/classic-bonus/ when you open an account with the broker.
In order to be a stockbroker in Europe, you need to have a recognized license from one of the several agencies in that region. You will need to provide proof of your education, such as university degrees or certificates, as well as prove that you have experience in the industry.
As far as the types of stockbrokers are concerned, there are a lot of them. The most famous ones are the London Stock exchange (LSE), the Eurex, the Zurich stockbrokers, the TMX Group, the ACM Group, the Act Forex, and the EDCC. The names of these companies might sound familiar to you because they are all considered to be among the top stockbrokers in the world. However, the differences between them can be drastic, especially when it comes to their business practices.
Take, for example, the London Stock Exchange, better known as the LSE, which has a system of over three hundred brokers, all of whom have been authorized by the company to work there. All of them had undergone rigorous background checks before they were granted permission to operate. This is necessary because in case a stockbroker committed a fraudulent action, the company would be able to trace the transaction and take the appropriate actions. As for the TMX group, you may already know that this company has many branches all over the globe, and all of them employ their own stockbrokers who are all licensed to work there. Also, the ACM Group, which last year earned itself being named as the best company in the world according to Business Week Magazine, uses only legal and licensed European brokers.
On the other hand, the Eurex, or the Swiss Exchange, has a system that allows its traders to open an account. Once this is opened, they only need to deposit a minimum amount of funds, and they are all good to go. Their stock brokers are also only allowed to work with these companies and not other foreign companies.