Market Intelligence › Basic Terminologies
SEBI-registered member through whom your order reaches the exchange; In return he charges brokerage.
Published by The Retail Trader · JUL 31, 2026 · Market Basics
Broker — SEBI-registered member through whom your order reaches the exchange; In return he charges brokerage.
This term comes under Market Basics, in the section "Market Structure". First the words that describe market plumbing:
Other terms in this group — understanding them together is more useful:
• Share (Stock)
• Equity
• Stock Exchange
• NSE
• BSE
• SEBI
• Demat Account
• Trading Account
• Depository
• Ticker / Symbol
• ISIN
To read the entire group and all its examples in one place, see the journal "MARKET BASICS: ABC of Market" - this term has been taken from there.
This entry is for educational purposes only and is not a recommendation to buy or sell. Exchanges change charges, margins, lot sizes and expiry rules from time to time, so verify any figures with your broker or exchange.