Posted in Finance, Accounting and Economics Terms, Total Reads: 238
Definition: Broker Reseller
A broker reseller is a type of broker where he does the work of an intermediary between large brokerages and their clients. As a large brokerage has many clients compared to a usual brokerage company, interacting with every one becomes difficult so these intermediaries work and operate between them.
If any client desires to execute a trade, he would inform the broker reseller and the broker reseller would further inform the brokerage company to do the trade for the client.
Usually, brokers have take some kind of examination for being a certified broker in any market, but it is not necessary for a broker reseller to be certified for the same. So it is necessary that the investor performs a proper due diligence for about the broker reseller.