Guaranteed-introducing-broker meaning

A broker who matches up traders with brokerage firms that will execute the orders. A guaranteed introducing broker doesn’t take any payment, but his or her operations are guaranteed by the futures commission merchant (FCM), which does accept money from clients and executes trades. A guaranteed introducing broker has no minimum capital or financial reporting requirements. All of the accounts of a guaranteed introducing broker must be carried by the guaranteeing FCM.
0
0
Advertisement