What are the various types of brokers?

A Hugos Way Review is a financial market broker’s service analysis. Likewise, there are several types of brokers to know.

Stockbroker
You should know that you could not negotiate with the securities exchange by yourself and buy or sell stocks in it. To do this, you have to be a member of that stock exchange. Since it will be tedious to get the membership, you should reach out to someone who is already a member of the exchange. This person would act as the middleman between you and the exchange and would help in the buying and selling of stocks in your name. This middleman is known as the stockbroker. You can find several brokers out there helping with stocks for some brokerage fees. Apart from the brokerage fee, there would be some additional charges for each transaction and the maintenance of your Demat account.
Forex broker
Similar to a stockbroker, you will find a middleman to manage your currency trades in foreign exchange trading also. This person is known as the forex broker and he will have a platform where you can buy and sell foreign currencies. You could also involve in the CFD trades with the foreign exchange speculations. Every transaction will happen in currency pairs.
Real estate brokers
If you are into real estate or interested in buying or selling a property, you would have to find a broker who will have the details of the other traders in the space. These brokers are real estate brokers. He will have the knowledge of market value for the properties, advertising capabilities, potential buyers for the sellers, and various other elements in this space. He could help you sell or buy the property at ease with all the formalities done smoothly without any hassles.