The short list of questions

What is a broker? A company with very few questions for you — Ethiopia

Signing up and placing a trade takes six answers in total, and every one of them is a fact about the instruction rather than about the person giving it. Nothing anywhere asks what any of it was for.

A broker is the company that takes buy and sell instructions and carries them out in the market, and holds the account the money for them sits in — currencies and gold are out of reach without one.

Everything a broker asks a beginner for

Six answers, in the order they come up. None of them is a question about the trader.

What is asked	At which point	What the company does with it
An email and a password	Before anything else	Opens an account to work in
Identity documents	Before real money is first sent	Establishes whose account it is
An instrument	On the ticket	Decides which price applies
A direction	On the ticket	Picks which of the two quoted prices is used
A size, in lots	On the ticket	Sets what one step of the price is worth
An exit level	On the ticket, or after	Closes the position with nobody watching

A demo account shortens the list by one: virtual money needs no documents. The sign-up itself.

Why one company ends up handling all of that

Currencies and gold trade on networks a private person cannot plug into directly, in amounts no beginner brings. A broker stands in that gap and deals in usable sizes, so a handful of answers is genuinely all it takes to reach a market that otherwise takes far more. The market itself.

What leaves the screen is an order: an instruction carrying those answers and nothing else. Executing it means acting on them at the current price, and what remains afterwards is a position. The usual words.

The questions it will never ask

None of these has a field, a screen or a moment. They are not withheld out of discretion — a company acting on instructions has no use for them.

What this is supposed to achieve. A size arrives as a number and is acted on as a number.
What else was considered. An instrument looked at and left alone never reaches the company at all.
What is expected to happen next. Prices move constantly and no one can predict these moves reliably, so an expectation is not something a company could act on anyway.
Whether the money can be afforded. That answer is never requested and never checked, which is exactly why it has to be settled beforehand.

So a broker does not advise, does not forecast and does not choose a size: the sum is done elsewhere and the limits are set elsewhere. The precautions stay with whoever is deciding — money needed for living never goes in, practice comes first, and no deposit should exceed what can be afforded as a loss. Many people lose money when they start. What repeats.

Which answers a beginner gives twice

Three of the six are asked once and never again: the email, the password and the documents. The other three come back on every single ticket, which is why a beginner meets them far more often than any of the sign-up screens — and why the words for them are worth learning first.

The instruction is the same from a browser, a phone or a desktop terminal; only the layout around it changes. One ticket, filled in · where an unanswered question goes.

The same short list at one named company

Exness is one example of an online broker, operating since 2008. Instructions run through Exness Terminal, the Exness Trade app, and MetaTrader 4 / MetaTrader 5. Its demo account is free and has no time limit — demo results don't guarantee the same on a real account.

Negative Balance Protection

If a sudden market move pushes an account below zero, the balance is reset to zero.

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

Questions about the questions

Is a trading plan asked for anywhere during sign-up?

Nowhere. An email and a password open an account; nothing enquires what it is going to be used for.

Does a broker ask how much experience somebody has?

No field asks it, and no answer would change what happens to an instruction afterwards.

At what point do documents get asked for?

Before real money is first sent. A demo account never reaches that point at all.

Which of the ticket answers decides what one step of the price is worth?

The size, in lots. The instrument decides which price is being stepped through.

Does anything ask what a trade is supposed to achieve?

Nothing does. That answer exists only if somebody writes it down before the instruction leaves.

Where does an exit level get asked for?

On the same ticket, or afterwards on the open position — and it acts with nobody watching.

Does a demo account ask for less than a real one?

One item less: virtual money needs no documents. Everything on the ticket is identical.

Would a broker ever ask whether the money can be afforded?

No. Nothing requests it and nothing verifies it, so the answer has to be settled well beforehand.

Is the same short list asked on every platform?

Yes — Exness Terminal, the Exness Trade app and MetaTrader 4 / 5 all send the same instruction.

Which answers come back on every single ticket?

Instrument, direction and size — the three worth being fluent in before a first trade.

Are currencies or gold actually bought once the answers are in?

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

Does this site ask for anything at all?

Nothing: no accounts, no money, no orders — an independent guide. About.

What execution actually opens

The contract behind most online trades, and why no gold moves.

Understand CFDs

Want to answer the short list once, with nothing at stake?

A demo account: virtual money, real prices, no limit.

The button is a partner link — it leads to the official exness.com sign-up page.

Open a free demo at Exness