What Is a Stockbroker?

A stockbroker (or a Registered Representative) is an individual or firm who buys and sells stocks and other securities for clients.

Stockbrokers are licensed and regulated individuals who buy and sell stocks and other securities in exchange for a fee or commission. Generally, stockbrokers are associated with a brokerage firm and trade securities over the counter or through a stock exchange. Stockbrokers may be further defined by the licenses they hold or types of securities they sell. The education and licensing of a stockbroker may vary by country.

To be licensed in the United States, for example, a stockbroker must pass the Series 7 exam and either the Series 63 or 66 exam.


These materials constitute marketing communication and do not take into consideration your personal circumstances, investment experience or current financial situation. The content is provided as general market commentary and should not be construed as containing any type of investment advice, investment recommendation and/or a solicitation for any investment transactions. This market communication does not imply or impose an obligation on you to perform an investment transaction and/or purchase investment products or services. These materials have not been prepared in accordance with legal requirements designed to promote the independence of investment research and are not subject to any prohibition on dealing ahead of the dissemination of investment research.

FXCM, and any of its Affiliates, shall not in any way be liable to you for any inaccuracies, errors or omissions, regardless of cause, in the content of these materials, or for any damages (whether direct or indirect) which may arise from the use of such materials, services and their content. Consequently, any person acting on them does so entirely at their own risk. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.