What’s the difference between a trader and a broker?

The difference between trader and broker is the same as the difference between player and referee.

A trader is one who trades in the market and makes/looses money.

He is the one who buys/sell shares.

Whereas,

A broker is one who provides platform to a trader to trade and make money,

a broker makes money per trade executed by a trader.

Trader earns/looses money based on his skills whereas broker earns on every trade a trader executes irrespective of his gains/loss.

Its just like, player gets rewards based on his wins/looses in matches, whereas referee gets paid for every match irrespective of loss or wins by players.

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