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What is a broker for?

You can imagine a broker as the connecting link between the investor and the stock exchanges, ie those markets on which stocks, ETFs, bonds, etc. are traded. Till the last century, the broker was a middleman who was buying and selling securities in the exchanges on behalf of his clients. The broker was, therefore, an expensive and hard to reach intermediary. Nowadays, thanks to the advent of technology, the broker has become online and allows anyone, through the payment of a modest fee, to place orders on the stock exchange, at speeds previously unthinkable.

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