What is a stock broker?
A stockbroker is a financial professional who executes orders in the market on behalf of clients. who buys and sells stocks as per the direction provided by the clients. The stock broker also takes some charge from us for this work which we call brokerage. Most stockbrokers work for a brokerage firm and handle transactions for several individual and institutional customers. Institutional stockbrokers work with fund managers and other financial institutions, but there are also retail investors.
How to become a stock broker ?
To become a stockbroker you should be a 21-year-old Indian citizen,should also have an experience of minimum 2 years as a partner or authorized assistant or authorized clerk or apprentice to a Stock Broker. Should have at least completed 10+2 to become stock broker These are some important requirements that you should have to become a stock broker.
Benefit's of a stock broker
Stockbrokers are highly updated with the stock market news, and hence they inform their client if any new update or opportunity comes in the stock market. Stockbroker also helps a client to make changes in investment strategies depending on the market conditions. Stockbroker also helps a client to make changes in investment strategies depending on the market conditions. A full-service broker is best for individuals who have a significant investment portfolio that they want managed by an expert.