The difference between a trading platform and a broker

TradeLocker vs Broker

Here are some key Differences between TradeLocker and your Broker

Role TradeLocker Broker
Ensures regulatory compliance
Handles the money (deposits/withdrawals)
Provides market access
Can close your trades
Sets spreads and fees
Sets margins and leverages
Sets session times and holidays
Executes the trades in the market
Serves as an interface for your trading activities.
Keeps track of orders and trades
Offers charting and trading tools
Offers technical support

Quotes, orders and assets are all being held at your brokerage.

The difference between a broker and a trading platform
Trading Platform

What is a trading platform?

A trading platform is an app or website where you can see live prices and place orders. It provides the necessary charts, data, and tools to analyze market trends and initiate trades. However, the platform does not handle your money; it’s part of the service provided by a brokerage.

Your personal trading desk

TradeLocker is your go-to trading platform. It's where you'll spend your time deciding when to buy and sell.

Useful features

Access high-quality charts and indicators for informed decisions, and advanced risk management with stop loss and take profit features.

Keeps track of your trades

Think of TradeLocker as your diary for trading. It records everything you buy and sell, so you can look back and see how you did.

Helps you learn and grow

If you're ever stuck or have questions, TradeLocker has lots of tips and guides to help you get better at trading.

Brokerage/Prop firm

What is a brokerage?

A brokerage is a financial institution that handles the actual transfer of money when you buy or sell assets. When you deposit money, it’s held in an account managed by the brokerage. Also, the broker sets spreads, fees, margins, and leverages.

Handles your cash

Your broker is like your banker. They handle the money stuff — deposits, withdrawals, fees and spreads.

Executes your trades

You click 'buy' or 'sell' on TradeLocker, and your broker is the one who goes out and does that for you in the real market.

Manages your risk

The broker sets up safety measures, like how much you can borrow (leverage) and ensures you don't fall below your margin requirements.

Keeps everything legit

And, of course, they make sure that all your trading activities follow the rules and laws of trading.

Learn more about TradeLocker.

See how can you improve your trading game with the next-gen trading platform.

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*Neither this app or its contents should be regarded as professional, financial or investment advice. This app is a suite of trading tools, meant to be used in connection with an account held by a trader with their brokerage firm. If you intend on using this app for real trading, you should understand how various financial products work and the risks you will be undertaking on your own.

**By using this app you will have access to information of a general nature (i.e., that does not address the circumstances of any particular individual). If you require further information, or otherwise a more comprehensive or complete statement of the related matters and regulations, you should seek the advice of a lawyer, your brokerage firm, or from a licensed financial service provider before you start trading.