- noun the payment to a broker for a deal carried out
(written as Brokerage)A Forex member who acts on behalf of a customer. Responsibilities include order execution for purchases and sales and acting as an intermediary between customers. The brokerage will charge a fee or commission or a percentage of the bid ask spread as compensation. Also called brokerage house.
Information & Library Science
- noun the business of buying and selling goods and services for other people