Precautions Necessary for an Online Brokerage Business

Maybe no business requiring little or no capital pays as big as the online brokerage business. Perhaps this also explains why this business attracts so many rogues, dreamers, time-wasters and even mischievous people. Knowing how to avoid these characters is one of the keys to your success.

As a broker you will be putting buyers and sellers into contact with each other. Once the two parties know each other, they may kick you out of the deal. The best way to ensure that you remain a party is to sign a Non-Circumvention and Non-Disclosure (NCND) Agreement with them. The widely used NCND Agreement is the International Chamber of Commerce (ICC) NCND 500.

Parties entering into this agreement agree not to circumvent each other on any transactions with any sources and/or principals disclosed by each other