How to open your brokerage company

Opening a brokerage company is, of course, a good and profitable business, according to market participants. However, all this business remains relevant in only one specific direction - working in the stock and securities markets.

You will need

• - Leased premises;

• - broker;

• - personal bank account;

• - notarized documents.

Instruction manual

1

Choose the type of brokerage company. Today it is better to open a sub-broker rather than an Internet broker. The first type is an organization that collaborates with other long-known economic structures. This helps to minimize the risk and costs of implementing business ideas and increasing the profitability of the business.

2

Register the company as a legal entity. Next, visit the relevant authorities and get a license that gives the right to provide brokerage services.

3

Hire the necessary staff. It is better if you know professional people working in the field of stock sales. You won’t need a lot of jobs in the beginning, just a few people who know their job will be enough.

4

Choose the leased premises according to the state, it is better with a small division into two zones: an office for company employees and a reception room for communicating with customers. The most important means necessary for normal operation are a telephone and a computer with high speed wireless Internet. Be sure to install all this in your office.

5

Get funds for advertising. They can be provided by the parent company, in whose interests the representation of your organization. So, another advantage of starting a business as a sub-broker is the convenience of getting the costs of promotion thanks to the efforts of a financial institution that has taken you "under its wing". The advertising budget in the future is usually divided in a proportion of 50/50.

6

Choose your target audience. This is easy to do if you are able to competently build a strategy for your actions. Advertising, for example, is best given first on the broadcast channels that young people watch, as well as middle-aged people.

note

When you open a regional brokerage office, you should not spend a budget on advertising on the Internet. This event will have little effect, and therefore remains a waste of money.

Opening a brokerage company