There is no difference between a broker and a member. Every stock broker is required to be a member of stock exchange. A stock broker is an individual/organization who are specially given license to participate in the securities market on behalf of clients.
The broker does not purchase the stock for himself but merely arranges for the stock to be traded. A trader is one who purchases stock with the hope of selling it for a gain. The trader will use a broker to help with the purchase and sale of a stock.
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The basic difference is: Stock Broker is the one, who buys and sells stocks and other securities for its clients through stock exchanges like BSE, NSE, MCX etc. It charges brokerage fees in return. There are basically two types of stock brokers. They are Full service brokers and discount brokers. To know more about leading stock brokers click here.
23.08.2018 · As for as i know trading member = stock broker (an individual or Broking firm) then who is member broker ? while i was reading regarding the contract note issued by the stock broker , they have specified it should contain name, address and SEBI registration number of the member broker.
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