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This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

How To Become A Stockbroker

Are you looking to breathe new life into your daily 9 to 5? Do you want to work in a field in which no two days are ever the same? Then a role within the all-action world of stocks and shares could be what you’re looking for. Stockbrokers work on the cusp of the financial markets, with the role providing an impressive starting salary and fast-track career growth potential.

What is a stockbroker?

Stockbrokers are the individuals who make sure the financial world keeps turning. They work for financial investment firms, fund management firms, specialist broker firms, local banks, private banks and headline making international banks. Within the UK the core majority of stockbrokers work out of London, with leading stockbrokers having work opportunities around the world in places like New York, Paris, Milan, Madrid, Sydney, and Tokyo.

What does a stockbroker do?

They say that no two days are the same in the world of stocks and shares and there is definitely some truth to that. As a stockbroker your daily tasks will be vast and varied. Finding new business is key to the performance of any bank or brokerage firm How To Become A Stockbrokerand as a stockbroker you will always be trying to secure new client accounts. Securing new clients is one thing, but the key comes in keeping hold of them. Stockbrokers live and die by their research and decision-making. You will be expected to research the global financial markets on a daily basis in order to make sure that your knowledge remains fresh and on point. Lastly and most importantly, as a stockbroker you will be expected to head into the market to help clients buy and sell stocks (along with other securities) with a view to making a profit.

What do you need to be a stockbroker?

In reality anyone can become a stockbroker, but it does take something special to be a great stockbroker. The key element is an interest or desire to learn about the financial markets, along with enjoying analysing related information, so a certain level of IT and mathematical skill are a must. Throughout the course of any given day a stockbroker will have moderate to large sums of money under their control, so you need to be trustworthy, honest, and adaptable, along with having the ability to make snap-decisions. From a personal characteristic standpoint you need to have good communication skills, showcase good attention to detail, be able to judge risk, and most importantly know how to remain calm under pressure.

 

How to apply to Accendo Markets?

Accendo Markets is a leading trading services provider, offering forex, CFD, and spread betting operations to private clients. As a leading name in the industry, the firm has built a notable reputation off of the back of award-winning trading platforms, classic customer service, and a notable range of global financial markets that rival the very the best in the industry. The London Wealth Management “Best Execution-only CFD provider” award winner also has a proven reputation for developing talent. So, if you have your eye on a career in trading visit www.accendomarketsrecruitment.com to put forward your stockbroker application, or speak to the team on 020 3051 7465 to discuss our vacancies in more detail.

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
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