Do You Require A Stockbroker

It is a requirement that a qualified stockbroker is used to buy and sell shares on the stock market. But they will do much more for you than just execute trades. They can track share prices, and provide advice to you on which shares to follow that have the potential of moving in the right direction. You can receive a number of services from a broker and you will either be charged a set fee or a commission for these. Brokers can perform trades, can offer you market advice and manage a portfolio for you.


If all you want to do is trade shares then a stockbroker will execute this for you based on your instructions and make the trade. The stockbroker will not offer you any advice with a trade only service and this service is open to experienced traders and newcomers. A small percentage of the total trade amount is usually charged for this most basic of services. The basic service of trading shares on the market on behalf of investors is the most popular use of a stockbroker.


Second to offering basic trades is the provision of advice to investors. As the advice provided by the stockbroker draws on their expertise of the market and involves them in a lot of work to recommend profitable stocks to you a higher fee will be payable. It is also likely that the broker will give up a lot of time to you to confirm that you understand and are comfortable with all the recommendations. This is vital if you do not have experience in share trading and the premiums for this are often a mixture of commissions and one off fees.


Portfolio management comes in two forms which are advisory and discretionary. The difference is that with an advisory service, the broker will create a proposal of stocks that are considered a worthy portfolio but they will not act on this proposal until you instruct them to do so. With a discretionary portfolio service, the broker will manage all aspects of the recommended portfolio on your behalf and provide reports on how well this is working for you.



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