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Answer: A broker is a member of a stock exchange who buys and sells securities on behalf of investors (clients) and charges a commission (brokerage) for his services.

  • He acts as an agent between the investor and the stock exchange; an investor cannot trade directly on the exchange.
  • He must be registered with SEBI and be a member of the stock exchange.
  • He executes orders of clients on the online trading system and issues contract notes.
  • He also advises clients on investment and settlement.
Doubtly AI · 29 Oct 2026 AI-verified · Nov 2026 Report
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