ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A stockbroker is a financial professional who buys and sells stocks at the direction of clients. Most buy and sell orders are now made through online discount brokers.

Detailed explanation-2: -Stockbrokers are individuals who buy and sell stocks and other securities for retail and institutional clients, through a stock exchange or over the counter, in return for a fee or a commission.

Detailed explanation-3: -Stockbrokers are financial professionals who buy, sell and trade financial securities for their clients. Some stockbrokers may also act as financial consultants, helping people with all aspects of finances, from choosing the right investments to personal budgeting.

Detailed explanation-4: -In general terms, a broker is someone who buys and sells things on behalf of others. They are the middlemen between two parties. In stock market jargon, a broker is an individual or a firm that executes ‘buy’ and ‘sell’ orders for an investor for a fee or commission.

Detailed explanation-5: -While both roles involve researching investments and trading securities, the nature of the work is different. Stockbrokers primarily serve as intermediaries, executing trades on behalf of retail clients, whereas traders also execute trades for institutional clients but also invest their firm’s capital.