What is a Stockbroker?
5paisa Research Team
Last Updated: 27 Nov, 2024 12:33 PM IST

Content
- Who Is a Stockbroker?
- Why Do You Need a Stockbroker?
- Functions of a Stockbroker
- Types of Brokers in the Share Market
- How Stockbrokers Earn Revenue
- Key Considerations When Choosing a Stockbroker
- How to Identify Real Stockbrokers in India from Fake Ones?
- Conclusion
A stockbroker plays an important role in the trading ecosystem, serving as the gateway to the stock market. They enable traders and investors to buy and sell shares and other securities seamlessly. But what exactly does a stockbroker do, and why are they indispensable to the trading landscape? Here in this article, we shall explore their role, types, and significance in the share market.
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Frequently Asked Questions
No, trading directly on stock exchanges is not permitted for individual investors. You must trade through a registered stockbroker.
A stockbroker executes trades, while an investment advisor provides guidance and strategies for managing your investments.
Look for brokers registered with SEBI and with a strong track record. Check reviews and compare features before making a decision.
It depends on your needs. Discount brokers are cost-effective and ideal for self-directed investors, while full-service brokers offer personalized support at higher costs.
Yes, you can switch brokers by transferring your holdings to a new broker. However, ensure a smooth transition by verifying all account details.