Stockbroker

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DEFINITION of 'Stockbroker'

1. An agent that charges a fee or commission for executing buy and sell orders submitted by an investor.

2. The firm that acts as an agent for a customer, charging the customer a commission for its services.

BREAKING DOWN 'Stockbroker'

It used to be that only the wealthy could afford a broker and have access to the stock market. With the internet came the explosion of discount brokers that let you trade at a smaller fee, but don't provide personalized advice. Because of discount brokers, nearly anybody can afford to invest in the market now.

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RELATED FAQS
  1. How are asset management firms regulated?

    In principle, the asset management industry is largely governed by two bodies: the Securities and Exchange Commission (SEC) ... Read Full Answer >>
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    One of the great attractions for many that become stockbrokers, is that there is no such thing as a typical day. In fact, ... Read Full Answer >>
  3. There are so many stockbrokers out there. How do I go about choosing the best one ...

    If you decide that you have the knowledge and experience to take on stock investing, or if you feel you would like to give ... Read Full Answer >>
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    Generally, penny stocks are traded through the use of the Over the Counter Bulletin Board (OTCBB) and through pink sheets. ... Read Full Answer >>
  5. Where can I buy penny stocks?

    Some penny stocks, those using the definition of trading for less than $5 per share, are traded on regular exchanges such ... Read Full Answer >>
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