A stock broker is somebody or an institution accredited to purchase and offer stocks and various securities via the industry exchanges. Back during the working day, the only real way for individuals to speculate right in stocks was to rent a stock broker to put trades on their behalf.
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But what was after a clunky, highly-priced transaction conducted through landline telephones now can take put on-line in seconds, for the portion of what whole-service brokers used to charge for that company. Currently, most buyers place their trades via a web based brokerage account. (Slightly missing? Consider our explainers on brokerage accounts and buying stocks.)
A stockbroker is undoubtedly an agent or company that charges a cost or commission for executing buy and promote orders submitted by an Trader.
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