Dictionary Meaning and Definition on 'Stockbroker'
n : an agent in the buying and selling of stocks and bonds
- Stockbroker \Stock"bro`ker\, n.
A broker who deals in stocks.
Wikipedia Meaning and Definition on 'Stockbroker'
A stock broker or stockbroker is a regulated professional broker who buys and sells shares and other securities through market makers or Agency Only Firms on behalf of investors. A broker may be employed by a brokerage firm.
A transaction on a stock exchange must be made between two members of the exchange—an ordinary person may not walk into the New York Stock Exchange (for example), and ask to trade stock. Such an exchange must be done through a broker.
There are three types of stockbroking service.
Roles similar to that of a stockbroker include investment advisor, and financial advisor. A stockbroker may or may not be also an investment advisor, and vice versa.[See more about Stockbroker at Dictionary 3.0 Encyclopedia]