What does a stockbroker do?

For the most part, stockbrokers serve as intermediaries. Stocks are purchased and sold on stock exchanges around the world. Most people who want to trade stocks on exchanges like the NASDAQ or FTSE require the assistance of a broker or stock trading platform.

What are the different types of brokerage firms?

Most brokers on the brokerage firms list offer trading in stocks, ETFs, mutual funds, and options. Some of the brokers on the list that offer a wider range of investment products, such as futures and/or FOREX, are Tradestation, Tastytrade, and Interactive Brokers.

What is the difference between a broker and an investor?

For that, investors can expect to pay higher commissions for their trades. Brokers receive compensation from the brokerage firm based on their trading volume as well as for the sale of investment products. An increasing number of brokers offer fee-based investment products, such as managed investment accounts.

Which brokerage firms offer the best investment products?

Some of the brokers on the list that offer a wider range of investment products, such as futures and/or FOREX, are Tradestation, Tastytrade, and Interactive Brokers. Most brokers on the brokerage firms list offer a mobile app to access your account and place trades on.