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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.
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Investopedia explains '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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How do you find the right broker for your investment needs? Start by reading our broker tutorial.
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Here we look at some of the landmark incidents of insider trading.
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