- Act as an intermediary between an investor and the stock exchange
- Acts as a gateway to the stock market to make investments in stocks, bonds, ETFs, and Mutual funds.
- Corporate entity registered as a trading member with the stock exchange and holds a stockbroking license
Services provided by the stock broker
- Access to the stock market and allowing you to transact on the market
- Support in terms of trade
- Resolve your queries
- Educate you on the stock market
- Issue contract notes for the transactions
- Facilitate the fund transfer between your trading and bank account
- Provide you with a back-office
- The back office is a portal to access many reports about your account
Charges
- Stock brokers charge a fee for the services -also called the brokerage charge or just brokerage
Examples
- Zerodha, Sharekhan, ICICI Direct
Sources