Those who wish to buy or sell shares of stock in publicly traded companies do so by engaging a stock broker. The broker receives a commission, and in some cases, a monthly fee for managing the account.
When most people use the term “stock broker” they more than likely are referring to an equity broker. However, there are some differences between the two. Equity trading, which includes hedge funds and day trading, is more correctly viewed as a subset of traditional stock market trading. Equity brokers generally deal with individuals who want to invest more aggressively or who may have intricate trading strategies they want to implement. Minimum investments are typically high, and fees can be as well.