Meaning & use
stockbroker
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Meaning
nouncountablefinance
A licensed professional or company that buys and sells shares and other investments for clients in return for a fee or commission.
Grammar: Countable: a stockbroker; she works as a stockbroker.
Patterns
- a stockbroker for someone
Her stockbroker advised her to hold on to the shares.
He worked as a stockbroker in the city for ten years.
The stockbroker charged a small commission on each trade.
Word forms
| plural | stockbrokers |
|---|
Common combinations
- call your stockbroker
- He called his stockbroker to sell the shares.
- hire a stockbroker
- They decided to hire a stockbroker for advice.
- stockbroker commission
- The stockbroker commission was lower online.
- licensed stockbroker
- Only a licensed stockbroker may execute these trades.
- stockbroker belt
- They live in the stockbroker belt outside London.
Synonyms and how they differ
- broker
- Broker is shorter and can refer to many kinds of agent, while stockbroker specifically deals with shares.
- trader
- Trader buys and sells for themselves or a firm, whereas a stockbroker acts for clients.
- financial adviser
- A financial adviser gives wider planning advice, while a stockbroker mainly carries out trades.
- investment banker
- Investment banker works on big deals for companies, not individual share trades.
Word family
Commonly confused: stockbroker or stockholder?
stockbroker vs stockholder
A stockholder owns shares, while a stockbroker is the agent who buys or sells them.
Practice
To buy shares in the company, she first needed to contact a ___.
Choose one answer.
A stockbroker buys and sells shares for clients. A shareholder is someone who already owns shares, so that does not make sense.
Make it your own
Write a sentence using “stockbroker”, then check it and compare it with the examples above.