In the hand, and not

What is a broker? · India

A broker is the company that carries buy and sell instructions into the market. The app is the view onto that work — little of it is kept on the device.

A broker is a company, not a program. It takes an order — an instruction to buy or sell — and carries it out at the price of that moment. It holds the account and keeps the record; a phone holds the window onto that, and the hand that presses.

Which side each piece of a trade is kept on

Currencies and gold change hands on networks no private person can plug into, which is why a company stands in between. Sorted by where each piece is kept:

Piece of a trade	Where it is kept	What the device does with it
The moving price	On the market, relayed	Draws it
The account and its balance	Inside the broker’s system	Prints the figure
An order	Executed by the broker	Sends the press outward
A stop-loss	On the trading server	Shows the level set
The record of trades and costs	With the account	Lists it back
The choice to press	With the reader	Nothing

Only the last column belongs to the hardware; the middle one carries on whether the screen is lit or dark. What a broker supplies is access, not equipment: the market deals in huge amounts, one person in far less.

The account is not a setting on a device

An account is a personal space inside the broker’s system. Money sent there sits as the balance, trades open from it, and results change it. Not one word of that describes a phone.

A demo account holds virtual money: an email address and a password, no documents. A real account holds actual money, and opening it includes an identity check with documents. A demo result does not guarantee the same result on a real account.

The way in is then a matter of convenience: Exness Terminal runs in a web browser — nothing to install — the Exness Trade app is built for phones, and MetaTrader 4 and MetaTrader 5 are there for more experienced traders.

The charges land on the trade, not on the device

A broker earns from small costs on trading itself; none of them is something a phone sets.

Charge	What it attaches to	Where a screen comes into it
Spread	The moment a trade opens	Two prices stand at once — buying above selling; the gap is the fee
Commission	Some account types, as a fixed fee per trade instead of a wider spread	Read off the terms, never typed in
Swap	A trade still open overnight, as a small charge or credit	Stated by the platform beforehand

So a completely «free» trade does not exist: small, but real, and shown beforehand.

What switching the device off actually switches off

The view stops. Prices go on moving; only the drawing of them ends.
An open trade stays open. It sits with the broker; closing a window is not an instruction.
The exit level keeps standing. A stop-loss is stored on the trading server, not on your phone — more on that in the risk basics.
The record keeps filling. Costs already charged stay charged.
The hand stops. Nothing new can be sent — the one real consequence.

The device is where a trade is watched and started, never where it is held. It runs backwards too: reinstalling the app, or opening it on another screen, moves neither the trades nor the record.

The honest part. Exness is one example of a global online broker, operating since 2008, with support available 24/7. This site is an independent guide, not a broker: it opens no accounts, holds no money and takes no documents.

Negative Balance Protection

A term of the account, not something on a screen: a balance pushed below zero is reset to zero.

Negative Balance Protection means clients never lose more than they've deposited.

Questions asked with the app in one hand

Is the app itself the broker?

It is not — the app is a window pointed at the company holding the account.

Which part of a running trade is stored on the phone?

The picture of it; trade, balance and costs sit with the broker.

Where is a stop-loss kept?

With the broker, on the trading server — a dead battery does not cancel a level already set.

Does an account belong to the device it was opened from?

No — it is a space inside the broker’s system, not a file on a device.

Is anything installed before an account can be reached?

Not necessarily: Exness Terminal runs in a web browser, and the Exness Trade app is built for phones.

Does sending an order from a phone cost more?

No — spread, commission and swap belong to the trade or to the account type, never to the device the press came from.

Does the phone hold the money?

It holds the figure; the money sits in the account as the balance (in and out).

Does the app hold the gold shown on it?

Usually not: what is traded is a contract following the price — what a CFD is.

Is the price on the screen made by the app?

Relayed: the market decides it, the broker passes it on, the program draws it (reading a chart).

Who explains a figure that does not add up?

Exness support, available 24/7; a question about this page goes to the form here.

Where each column leads next

What is forex?

The market that moves whether anything is open or not.

Read about forex

What is a CFD?

Why a screen says gold and no gold arrives.

Understand CFDs

Trading words

Order, spread, swap: what each word points at.

Open the glossary

Want to see which part is only a view?

A demo opens on an email address and a password: virtual money, real prices.

The button is a partner link, opening the official exness.com sign-up page.

Open a free demo at Exness