What is a money broker?

A money broker is a person who sits between two parties and brokers the transfer of funds, credit, debt etc. If you are thinking of becoming a money broker then read this short guide from reed.

A money broker can operate in the retail environment to end users as well as in the financial markets with businesses, banks and corporate institutions.

A money broker will usually be paid commission which is usually a size or fraction of the deal they have brokered.

In the retail market a money broker may deal as the following:

A credit card broker

A mortgage broker

A loan broker

A foreign exchange broker

A debt broker

In the financial markets which are not available to retail investors, a money broker may be involved in:

A stock exchange broker who executes trades on the trading floor

A different type of stockbroker who deals with retail orders

A broker who trades, bonds, stocks, and other commodities.

The term money broker is in itself broad and could mean a variety of roles which many people do in the financial markets