What is a broker?

Broker Definition: A broker is a professional, either a firm or an individual agent, who provides investment advice and transactions on behalf of an investor. Also known as traders, brokers provide a wide range of clients, including investments in the securities exchange, retirement savings, and educational savings. They may provide additional services involving insurance and financial planning.

Brokers can advise on the best trading platforms and how to manage and invest customer funds based on individual financial circumstances and goals. Brokerage companies are typically categorized into two main types: discount brokers, which offer a limited range of investment services, and full-service brokers, which provide more in-depth advice and financial planning, along with investment direction. Brokers are subject to regulations and must register with the applicable financial regulatory authority based on the country or location.

Jul 30 - Comparewise Business Loan Banner

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