What is a stockbroker?

Answer 1

Here are a few definitions:

A person who buys and sells securities on behalf of others in return for brokerage or commission.

An agent who buys and sells securities on a stock exchange on behalf of clients.

One who acts as an agent in the buying and selling of securities and charges a commission for these services (see also full-service broker, discount broker).

An individual who has been licensed by the National Association of Securities Dealers to trade stocks and advise clients on various Personal Finance issues.

A qualified and regulated professional who buys and sells shares and other securities through market makers on behalf of investors. There are three types of stockbroking service. Execution-only, which means that the broker will only carry out the client's instructions to buy or sell. Advisory dealing, where the broker advises the client on which shares to buy and sell, but leaves the final decision to the investor.

An Exchange member firm which provides advice and dealing services to the public and which can deal on its own accounts.

A person who, for a fee, helps individual investors buy and sell stocks.

A broker that in addition to taking orders, also offers advice on investing.

An individual or company who buys and sells securities on behalf clients in return for a commission based on the value of business done. Otherwise simply known as a broker.

An agent in the buying and selling of stocks and bonds.

A stock broker or stockbroker or stock brokerage is someone or a firm who performs transactions in financial instruments on a stock market as an agent of his/her/its clients who are unable or unwilling to trade for themselves.

Answer 2

In simple terms Broker is any person who acts as a middleman between investor and stock exchange ( a place where buying and selling of stocks take place).

AnswerIn lay man terms a broker can be referred as an intermediary or a middleman with whom rests the responsibility of investing the client's money towards most suited options. He assesses the client's idea for investment, the tenure of investment, the amount available, his risk taking ability and his spending power. Keeping all these criteria in mind, the broker is entrusted with the responsibility to make the best out of an investor's money. He ensures a brokerage - professional fees for his services. Now days, with online stock trading facilities available, the broker firms play the role of a broker, per se. The professionals in the organization are entrusted with managing client accounts. Equipped with individual online portals, they survey the market regularly, monitor the client's investments and generate updated market trends for clients. Thus, a broker plays an extremely vital role in guiding his client through the speculative Stock Market.