Many who come to the stock market as an investor or an independent trader, late or early the question arises, and what is needed to become a professional from an amateur, how to become a broker?
Often, for customers who take investment solutions, it seems attractive the fact that, regardless of what happens to their accounts, whether they receive a profit or loss, the broker still remains in a plus - due to its unchanged commission. In this regard, it looks like ... a croupier in a casino, where everyone risks, and the owner of the game table wins in any case. But is it really? Let's try to figure it out
What is broker
Broker is a professional mediator, one who on behalf of and on behalf of the client committing certain actions. It may be an insurance, customs broker, and so on. In our context, we are talking about broker in the stock market.Brokerage activity should be distinguished from the dealer. The dealer, unlike a broker, makes transactions not for someone else, but at their own expense. For example, there is simultaneous quotes for the sale or purchase of securities of a certain species.
It is clear that the broker and the dealer have completely different tasks, responsibility and level of risk. As a rule, in life, these two types of activity should differ. And it is very bad when the broker turns out to be a dealer who opens its positions against its customers, without displaying applications for trading platforms. So do not work in the stock market, but it happens completely and next to Forex, where, as a result, the mediatory company closes one after another.
How to Become a Broker Private Facial: Instructions
To begin with, we divide the two points. The broker is often referred to as a company providing such services and a private person, an employee of this brokerage company. Let's start with a man broker.
Step-by-step instructions, how, how to become a broker to a private person, looks like this. This is done in several stages.
- Regardless of the education obtained, although higher economic or legal will be preferable, it is nevertheless to lend qualifying exams.
- After that, you can start searching for work. As a rule, it is extremely difficult to find such vacancies. It is best to try to contact the banks directly, or to search through acquaintances.
- Work by broker requires long, many years of practice.
Let us dwell on some stages in more detail what and how to do.
Qualification exams to become a broker
To become a broker, you need to first pass the qualifying exam. The easiest way to do this after the corresponding courses is. For brokers, testing is carried out in two stages.- The first is a common exam, consisting of issues related to the entire stock market as a whole. It is called "basic".
- The second exam is a specialized, first series, on the implementation of brokerage and dealer activities in the securities market. For reference: there are other types of this test - for future shareholders' registries officers, depositories, as well as assets management, and so on.
Passage of certification Something reminds the exam for a driver's license: you need to choose the right answer to questions from several proposed. The only, these questions are usually much more, about fifty.
The applicant should know Russian legislation, to understand at least in general terms in the economy, to understand what is the stock market, and how it works. To own the basics of financial mathematics, and so on. For a positive result, you must recruit more than 80% of the correct answers.
Search jobs for brokers
After the certificate is obtained, the newly minted specialist of the stock market can begin searching for work in brokerage companies. Of course, most likely, it will also need higher, desirable, economic education and experience from three years.
Without the delivery of the qualifying examinations of the company can not accept employees to work, allow customer service, and so on. Companies that first receive a license of a professional participant in the securities market must confirm the availability of certificates from their specialists. There is a legislative requirement for the availability of qualified employees in the state.
Of course, this is a sufficient myth that brokers on stock exchanges get big money. Most often it is ordinary salaries about the average for office staff. Their growth is holding back high competition in the labor market: indeed, very many, if not most traders, thinks about how to become a broker.
How companies become a broker in the stock market
Let's start with the fact that buying and selling securities can all in a row, as much as you want. But only as long as he does on his own money, at his own risk. And as soon as the desire to work with other people's money, client money, so there is a license of a professional participant in the securities market. Currently, the licensing authority of such companies in our country is the Central Bank of the Russian Federation. Earlier, this role was performed by FCCB, and even earlier - the Ministry of Finance.Licensing brokers in Russia
In order to provide brokerage services, you need to get a license for the implementation of brokerage. For this, the company must comply with certain criteria, the main of which is the sufficiency of own funds and the availability of qualified specialists.
Currently, the company requires 10 million rubles. On the one hand, it is quite a lot when compared with what is needed to open a regular limited liability company. But on the other, brokerage firms take responsibility for the money of their customers.
Obtaining a brokerage license - a difficult task. Most often, its implementation is entrusted by specialized law firms. For submission of documents, it is required to prepare a total of about thirty documents. The decision is made within a month.
What else is needed to become a broker
But the obtaining license is not yet the goal itself. After it already has, a number of truly difficult tasks have to be solved:
- It is necessary to become a member of the trading platforms, at the minimum of the Moscow Exchange;
- It is necessary to establish the company's work, to introduce the system of accounting of operations with securities and their storage, withdrawal and sending reports to investors on transactions and open positions, and so on;
- Although in fact, this is the most important thing, you need to find customers. To date, the stock market has a fairly high level of competition. Not only brokerage firms are offered their services, but also the largest banks, including those having their units almost within walking distance, in any settlement.
At the same time, the amount of commission - every year it becomes even lower and lower. In general, this is the market, to get into which is not easy, and survive and develop - generally quite difficult.
It is much more difficult than to come to the already ready brokerage company with its 10 million rubles necessary for obtaining a license, but as a client and make sure that such an investor will be all without exception there is insanely happy!