What is a Broker?

Source: theforage.com (edited)

A broker is a person who helps traders, sellers, or purchasers complete transactions. Consider a broker as a middleman who makes sure that everything goes smoothly and that everyone has the information they need. The Broker simply trades on your behalf.

How do Brokers make money

Brokers can generate revenue in a number of ways. The most popular approaches are mark-up fees, commission fees, and advising fees (also called spreads). Within the context of Fuel Switch the Brokers generate revenue through commission fees that is set by the user. Commissions represent a portion of the total sale. For instance, if a Broker had sold RECs on your behalf, the Broker would get 5% of the money depending on the commission percentage that was set by the user.