Glossary
Broker: meaning, example and why it matters
A SEBI-registered intermediary that places orders on your behalf and charges brokerage and other fees. Compare charges on the broker's own website, as they change.
Worked example
A broker charging ₹20 per executed order, with 10 orders in a month, costs ₹200 in brokerage, before taxes and statutory charges that are added on top.
Illustrative numbers for explanation only. They are not market data, a forecast or a suggestion.
Why it matters
The broker is how your orders reach the exchange, and its charges are a continuing cost that depends on how often you trade.
Related terms
See it in practice
Frequently asked questions
How do I check a broker is registered?
SEBI and the exchanges publish lists of registered brokers. Check the registration number before opening an account.
Is this page investment advice?
No. Broker is explained in general terms with illustrative numbers. Market Dekho is not a SEBI-registered Research Analyst or Investment Adviser.
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Start learning free →Educational content, not investment advice. Market Dekho is not a SEBI-registered Research Analyst or Investment Adviser. Spotted a mistake? Email marketdekho01@gmail.com.