brokerage firm
A business that derives its prime source of income from acting as an intermediary for buyers and sellers in a financial, commodity or currency market. A brokerage firm makes its money by charging customers a commission to buy or sell for them. In the forex market, a brokerage firm generally makes their commission on the bid/offer spread in currency pairs.
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credit balance
segregated account
closed out
Securities Investor Protection Corporation (SIPC)
National Association of Securities Dealers (NASD)
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