A stock broker is a company or person which executes a person's buying and selling of shares and other securities through market makers and Agency Only Firms.A transaction of Stock exchange is only possible for two members of the exchange, therefore only a broker may trade stock.
There are three types of broking service:execution only,where the broker only carries out the clients instructions to buy and sell;advisory dealing,where the broker advises but leaves the final desicision to the client;and discretionary dealing,the broker ascertains his clients investment objectives and decides on the clients behalf.A good example for all three at one's choice is Queenbury Investment which offers all three types of service to choose from.
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