Glossary term
Broker
A financial service that lets investors buy and sell securities.
A broker provides access to markets, order entry, account reporting, and sometimes APIs for automated trading. Different brokers have different rules, file formats, supported assets, margin policies, and automation features.
Example: Interactive Brokers, Fidelity, Charles Schwab, Robinhood, E*TRADE, Trading 212, and Saxo are examples of online brokers.