What is a stockbroker?

Stockbrokers are, for the most part, middlemen. Stocks are bought and sold through stock markets such as the New York Stock Exchange and NASDAQ, and most people who want to trade stocks need brokers to make trades on their behalf.

What is a discount stockbroker?

A stockbroker is a regulated representative of the financial market who enables the buying and selling of securities for different clients. Discount stockbrokers offer more research tools and trading options with smaller commissions; hence, they attract active day traders and investors.

What is a broker and how does it work?

What is a broker? A broker is a person or company authorized to buy and sell stocks or other investments. If you want to buy stocks, you will almost always need a broker — essentially, a middleman — to place those orders on your behalf. These days, many people open a brokerage account with online brokers rather than working with a person.

What is the difference between a stockbroker and a financial advisor?

Today, the term stockbroker is sometimes used interchangeably with financial advisor, although the former is more likely to focus on the execution of investment strategies, while the latter focuses on designing that investment strategy as part of a holistic financial plan. How to Become a Stockbroker?