Brokers

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Brokers catering to specific client requisites

Do the financial markets fascinate you!! If you are an individual trader- investor looking for well- established FX brokers providing the precise sort of services you desire or if you intend to start investing in the Indian financial markets but are not sure which broker would cater to your specific requirements, you can find the most sought out information here.

Take a look at some of the major brokers who drive volumes in “Over the Counter” FX and Intermediaries in the Indian financial markets, information on the products/ services offered and some of the key benchmarks.

 

 

FOREX BROKERS

A forex broker is typically a non- banking company offering retail traders the opportunity to explore the foreign exchange markets, where the daily traded volumes exceed $5 trillion of which spot FX contributes about $2 trillion, according to the Triennial Survey by the Bank for International Settlements (BIS) in 2016.

FX brokers generally act as intermediaries between market participants and in most cases are involved in market making, thereby providing liquidity to traders. They usually do not charge brokerage as their income is structured around the bid- ask spread. Retail traders are the largest participants expending the services of FX brokers, with a small number of firms participating in the FX markets, using their excess cash to plainly profit from speculation. Larger corporates usually trade currencies for specific purposes such as hedging currency risks and they prefer to transact directly with banks.

To compliment individual requirements, FX brokers have a wide range of products and services which include an assortment of cross currencies, variety of trading platforms, trading signals, multiple options for payin- payout of funds and flexible leverage. Some brokers even go to the extent of offering other products besides FX such as bitcoins, CFD’s and binary options. As an investor, priority should be on safety of funds and to ensure that, choose a broker who is regulated by a Government agency/ agencies as this will guarantee investor protection to a large extent.

 

COUNTRY SPECIFIC REGULATORY AGENCIES GOVERNING FOREX AND FINANCIAL MARKETS 

  • United Kingdom- Financial Conduct Authority (FCA)
  • Germany- Federal Financial Supervisory Authority (BaFin)
  • United States- National Futures Association (NFA), Commodities Futures Trading Commission (CFTC)
  • Australia- Australian Securities and Investment Commission (ASIC)
  • New Zealand- Financial Markets Authority (FMA)
  • United Arab Emirates- CBUAE

  • Switzerland- Swiss Financial Market Supervisory Authority (FINMA), Swiss PolyReg
  • Japan- Financial Services Agency of Japan (FSA)
  • Hong Kong- Securities and Futures Commission (SFC)
  • Canada- Canadian Investor Protection Fund (CIPF), Financial Transactions and Reports Analysis Center of Canada (FINTRAC)
  • Cyprus- CySEC

Take a look at some of the prominent Forex Brokers HERE


 

BROKERS- INDIAN FINANCIAL MARKETS

The Indian financial markets largely consist of equities, commodities and currencies along with money markets instruments. However, not all of them are perceived by retail participants due to lack of knowledge, risk aversion, low returns, liquidity and a host of other factors. The largest retail participation can be observed in equities, commodities and currencies traded on the Indian Exchanges.

These markets have witnessed a sea- change since 2010. To begin with, conventional broking which was the back- bone of retail investments in India has given way to discount broking, a much needed respite to a large section of scalpers, retail and high net-worth individuals with custom- made strategies who do not particularly rely on trading signals provided by brokers but shell out large amounts of money in the form of brokerage.  Even investors who are highly dependent on trading advice from brokerage firms are largely benefitted as the quality of calls have improved considerably and brokerage costs have declined substantially. In addition, a series of innovative tools and technology have been introduced by brokers, fascinating clients with real- time prices, charts and trading signals, presenting particvipants to a whole new world of transacting in the markets even when on the move.

With all the major Indian Exchanges permitting retail investors to carry out automated trading with certain pre- set conditions, brokers have seized the opportunity and raised the bar by introducing a host of third party softwares with API’s linking trading terminals for seamless automated trading experience. In addition, brokers are also authorizing clients to hoard strategies on cloud which has taken machine learning to a whole new level.

Regardless of the category of brokers, investors should stick to the one that offers the best solution to the needs of an individual as one category of broker/s may not be appropriate for all types of investors. Undertake a thorough examination of the broker you are likely to deal with and validate if the broker compliments your investment perception.

Take a look at some of the well established Intermediaries/ Brokers in the Indian financial markets HERE

 

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