What is Stockbroker ?
Entities like IIFL are known as “depository participants.” They enable investors to buy and sell shares, as well as apply for IPOs. These participants offer investment services and facilitate the purchase and selling of shares in the trading process. On the other hand, “stockbrokers” are the ones responsible for opening investor accounts and executing trades on their behalf in the stock market. Both depository participants and stockbrokers play essential roles in helping investors manage their investments and participate in the stock market.
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