Broker 

A broker is a person or a company that acts as an intermediary between an investor and a stock exchange.

Since exchanges only accept orders from individuals or companies that are members of this exchange, individual traders and investors require the services of exchange members. this service and are compensated in various ways, either through commissions, fees or out of pocket payments.

Products and services that your brokerage company offers, such as access to a private client offering that offers tailor-made solutions for wealthy clients. In the past, only wealthy people could afford a broker and gain access to the stock market. Brokers who allow investors to operate at a lower cost but without personal advice.

Broker Regulation

Brokers are registered with the Financial Industry Regulatory Authority (FINRA), the self-regulatory body for stockbrokers. When looking after their customers, brokers are bound by a standard of conduct based on the “Fit and Proper Rule”, which assumes that there are reasonable reasons for recommending a particular product or investment. The second part of the rule, commonly known as “Know Your Client” or KYC, deals with the steps a broker must take to identify their client and savings goals, and helps them create a sound basis for a referral . The broker must use reasonable efforts to obtain information about the client’s financial condition, tax status, investment objectives and other information that will be used in making a recommendation (SEC) as Registered Investment Advisers (RIA). , RIAs are subject to a strict fiduciary standard to always act in the best interests of the customer while fully disclosing their tariffs.

ZFX is also a broker. Zeal Capital Market (Seychelles) Limited is a financial institution specializing in providing multi-asset trading services including currencies (foreign exchange, forex or FX), commodities, indices and shares to institutional and retail investors, and is mainly compensated for its broking services through bid/ask price differences (spread) and/or commissions.

Zeal Capital Market (Seychelles) Limited is regulated as a Securities Dealer by the Financial Services Authority of Seychelles, license number: SD027. Its principal office is at: Office 1, Unit 3, 1st Floor, Dekk Complex, Plaisance, Mahe, Seychelles.

Zeal Capital Market (UK) Limited is authorised for specific activities and product types including dealing in investments as agent, dealing in investments as principal, arranging (Bringing about) deals in investments and making arrangements with a view to transactions in investments by the Financial Conduct Authority, FCA Registration Number (FRN): 768451. Its principal office is at: No. 1 Royal Exchange, London, EC3V 3DG, United Kingdom.