We found 11 online brokers that are appropriate for Trading Broker Dealer.
A broker-dealer refers to a firm or person who buys and sells securities on behalf of its customers or for his own account. The term is widely used in the United States securities regulation to describe stock brokerages as most brokers or brokerage houses are principals and agents.
In simple words, broker dealer is a regulatory term referring to a company or individual who conducts a 'buy' and 'sell' of securities under one of the below circumstances:
A broker dealer has the capability of mediating as an agency and helping in the process of "buy" and "sell" by implementing necessary actions.
The broker dealer simply matches buyers and sellers without making an investment. It is something similar to what a real estate broker does against a commission.
A broker may also deal like a dealer instead of simply being a broker and work for a commission.
Here you may understand the clear meaning of broker dealer definition. He, she or it buys or sells bonds and pre-defines the transaction charges.
Basically a broker dealer earns a spread between the buying and selling price of the securities.
A broker-dealer plays important roles in the financial industry, such as supplying liquidity through market making, publishing investment research, providing liquidity advice to customers, raising capital for companies and facilitating trading activities. It can be an investment bank, a large subsidiary of a giant commercial or an independent boutique.
The Financial Industry Regulatory Authority (FINRA) data reveals there are more than 3,975 broker-dealers in the US which include, Edward Jones, Charles Schwab and Fidelity Investments.
While understanding broker dealer definitions it is important to know how it differs from a Registered Investment Advisor.
RIA is registered under the Investment Advisers Act of 1940 while a broker dealer under Securities Exchange Act of 1934 follows an extensive regulation.
broker dealers reciprocate lower standard services to clients unlike the RIA and one cannot charge commissions as well as a markup on a single trade.
Either he, she or it can act as a broker or a dealer but not as both for the same transaction.
A broker-dealer is simply the buyer and seller of securities either for itself or for clients along with the distributor of other investment products. They play a dual role: they act on behalf of a brokerage firm being a dealer and make transactions from its account, and they also act on behalf of the clients in buying and selling securities and handling transactions.
A broker-dealer also plays some other vital roles like ensuring a ready market of securities for the clients and facilitating the free flow of securities. It profits from the fee charged for offering the services.
A broker-dealer is responsible for underwriting the securities offerings if directly partnered with investment banking operations. It strikes a contractual arrangement if it works as an issuing company agent, either as an underwriting syndicate member or principal underwriter of the offering.
It acts on a commitment with the issuer to distribute a defined portion of the securities offered for an underwriting fee.
A broker-dealer may even acquire some securities offering from their account or need to do the same if the securities are not sold.
After the underwriting process and issue of securities, he becomes a distributor and tries to sell to clients by playing the role of a broker by offering financial advice. This way, the entity facilitates the interests of the clients, itself and also the issuer.
A broker-dealer is regulated by the Securities Exchange Act of 1934 by the US Securities and Exchange Commission. In the United Kingdom, it is regulated by the Financial Conduct Authority under the Financial Services and Markets Act 2000. Similarly, the Financial Services Agency under the Financial Instruments and Exchange Law of Japan regulates such an entity referred to as a securities company.
The offerings are becoming complex with development, and the nature of the industry is changing rapidly. Amid such a scenario, it is well said that knowledge is power. A greater grasp of industry-standard vocabulary means a better understanding of the functioning of the industry. It further results in a better sense of investments, understanding returns and what to expect in the court amid any dispute.
The initial question of what a broker dealer is answered and by now you may have understood the broker dealer definition too.
The next step is to choose the best broker dealer before investing any money in the market. Below are some important things to consider prior to doing so:
Never opt for such a broker dealer who has a bad reputation including misconduct allegations or criminal history. Details of such can be found from FINRA BrokerCheck system.
You will be investing your money in the market so you must be comfortable while trading and you should be happy with the broker dealer. It is suggested to acquaint yourself with one broker dealer who is familiar among investors. Find one you can trust and respect.
Read the disclosure documents carefully. They should be clear and easily to understand. They contain what you need to pay and what you will receive. There should not be any confusion in this.
It is not an easy task to become a broker dealer unlike becoming just a broker. A firm has to be setup as the liability in the business is unlimited and legal paperwork need to be completed like obtaining a license and opening a bank account. Statutory capital requirements need to be fulfilled and anti-money laundering system should be implemented.
There are several broker dealers and a few to mention below are as follows:
These are the US top three broker dealers and generate revenue somewhere from $1.5 billion to $4.3 billion. Other popular ones include TD Ameritrade, Charles Schwab & Company, Fidelity Investments and Interactive Brokers.
Brokers and dealers are the two important pillars in the financial industry. Many financial entities play a dual role. They act as a broker as well as a dealer. They simultaneously work in the interest of companies, themselves and clients.
A broker-dealer is always under a contractual commitment with the issuing company when acting as an agent. It is either categorised as an underwriting syndicate member or principal underwriter of the offering. It is committed to distributing the securities against a certain underwriting fee.
A broker-dealer is tightly regulated in various countries. The SEC regulates in the US, while the FCA regulates in the UK.
We have conducted extensive research and analysis on over multiple data points on Broker Dealer to present you with a comprehensive guide that can help you find the most suitable Broker Dealer. Below we shortlist what we think are the best broker dealer after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Broker Dealer.
Selecting a reliable and reputable online Broker Dealer trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Broker Dealer more confidently.
Selecting the right online Broker Dealer trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for broker dealer trading, it's essential to compare the different options available to you. Our broker dealer brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a broker dealer broker that best suits your needs and preferences for broker dealer. Our broker dealer broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Broker Dealer.
Compare broker dealer brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a broker dealer broker, it's crucial to compare several factors to choose the right one for your broker dealer needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are broker dealer. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more broker dealer that accept broker dealer clients.
Broker |
IC Markets
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Roboforex
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eToro
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XTB
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Pepperstone
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FP Markets
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FXPro
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Admiral
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ThinkMarkets
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FXPrimus
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Trading212
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) | Financial Conduct Authority (FCA) (595450), Cyprus Securities and Exchange Commission (CySEC)(310328), FSA (Financial Services Authority of Seychelles) (SD073) | Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), TF Global Markets Int Limited (Seychelles) (8424818-1), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TFG (Payments) Limited (United Kingdom) (10537331), Think Capital Services UK Ltd (United Kingdom) (11054653), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272), TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Seychelles Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272) | VFSC (Vanuatu Financial Services Commission) (14595), CySEC (Cyprus Securities and Exchange Commission) (261/14) | FCA (Financial Conduct Authority) (609146), ASIC (Australian Securities and Investments Commission) (541122), FSC (Financial Supervision Commission, Bulgaria) (RG-03-0237), CySEC (Cyprus Securities and Exchange Commission) (398/21) |
Min Deposit | 200 | 10 | 50 | No minimum deposit | No minimum deposit | 100 | 100 | 1 | 50 | 15 | 1 |
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Used By | 200,000+ | 730,000+ | 35,000,000+ | 1,000,000+ | 400,000+ | 200,000+ | 7,800,000+ | 30,000+ | 450,000+ | 300,000+ | 3,000,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT4, MetaTrader WebTrader, Admirals Mobile Apps, iOS (App Store), Android (Google Play), Admirals Platform, StereoTrader | ThinkTrader, WebTrader, TradingView, TradingView, Mobile Apps, iOS (App Store), Android (Google Play) | WebTrader, MT4, MT5, cTrader, Mobile Apps, iOS (App Store), Android (Google Play) | Web Trader, Mobile Apps, iOS (App Store), Android (Google Play) |
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Learn More |
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Up with trading212 |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 61% of retail investor accounts lose money when trading CFDs with this provider. | 69% - 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
Pepperstone Demo |
FP Markets Demo |
FxPro Demo |
Admiral Markets Demo |
ThinkMarkets Demo |
FXPrimus Demo |
Trading 212 Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | US, JP, NZ | US, CA, IR | US, CA, JP, SG, MY, JM, IR, TR | RU, AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, CA |
You can compare Broker Dealer ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Broker Dealer for 2025 article further below. You can see it now by clicking here
We have listed top Broker dealer below.
eToro is a multi-asset platform. The value of your investments may go up or down. Your capital is at risk.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
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