Hi traders,
whenever I recommend my broker to friends I am wondering if I cannot get commission from the broker.
What is the legal requirement for doing this? I heard for UK and Germany based private people or firms doing that you need to be regulated? Is that true - why would you need to be regulated my the financial authorities when you just recommend the broker and the other party still opens the account on himself?
best regards,
tradeigel
whenever I recommend my broker to friends I am wondering if I cannot get commission from the broker.
What is the legal requirement for doing this? I heard for UK and Germany based private people or firms doing that you need to be regulated? Is that true - why would you need to be regulated my the financial authorities when you just recommend the broker and the other party still opens the account on himself?
best regards,
tradeigel