A broker is a intermediary that is paid via commissions to facilitate the purchases and sales of financial instruments. A dealer is a primary principal that creates and makes market in financial instruments. A dealer makes money by creating a bid offer spread on the products in which it deals. Dealers do not charge its clients a commision.
Like This Answer? (1) (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com