FuelSwitch
  • About Fuel Switch
    • Team & Founding Companies
    • Our Technology
  • User Guide
  • Manage your Account
    • Create a Fuel Switch Account
    • Connect your account to a Broker or Customer
      • What is a Broker?
  • Manage your Projects
    • Register your Project
    • Add a meter
    • Upload energy data
      • Data format & validation
      • Manual energy data uploads
      • API energy data uploads
    • Get RECs
  • Manage & Redeem your RECs
    • View your active RECs
    • Redeem RECs & download your Redemption Statement
  • Trade your RECs
    • Submit a Sell Order
    • Submit a Buy Order
    • Market orders & Limit orders
    • Orderbook
  • Your Wallet
    • How to deposit or withdraw funds
  • Fuel Switch API
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  1. Manage your Account
  2. Connect your account to a Broker or Customer

What is a Broker?

PreviousConnect your account to a Broker or CustomerNextManage your Projects

Last updated 2 years ago

Source: (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.

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