How to get a broker license

Brokerage is the conduct of operations with securities on behalf of a certain person (client) under a commission agreement or an agreement agreement. Most investors do not know what it takes to become a broker. Formally, obtaining a broker license is quite simple, but to really be a broker you need to go a long way.

Instruction manual

1

To work on the stock exchange you need to do two things: get a license to complete trade transactions and find a job in a special company to work as a broker. The broker acts according to the contract of instruction, i.e. the transaction is concluded on behalf of the client and at his expense.

2

A brokerage license is issued to an organization or individual that meets the requirements of the Federal Financial Markets Service. One of the main conditions for obtaining a brokerage license is a sufficient amount of equity - at least 5 million rubles. In addition, it is necessary to have the appropriate technical support and accounting system, as well as qualified personnel who have passed special exams.

3

In order to engage in brokerage as an individual, you need good knowledge, sociability, and, again, a license. To receive it, an individual must pass a state exam. To pass it, you must take courses, the duration of which is from two weeks to two months.

The Federal Financial Market Service is directly involved in issuing licenses; the term for executing a license is from 30 days.

4

To get started, a good broker also needs a high level of theoretical knowledge, preferably exceeding the volume taught in the courses. You also need to develop a good understanding of the securities market - how transactions are made, what is currently happening inside the market. A big plus will be experience as a trader.

broker license