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What is a discount broker?
Author: Ivan Yaller
Website: http://www.InvestingYes.com
Added: Tue, Oct 31, 2006 8:29:12
Category: Investing Questions
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A discount broker provides services such as executing buy and sell orders. Discount brokers typically provide only basic trading services and do not supply investment advice, as compared with full-service brokers, who do offer advice to their clients.
In general, a discount broker charges a lower commission than a full-service broker because a discount broker does not advertise the product, show the product, call potential buyers about the product, or give investment advice.
keywords: Investing | Investment | Invest | Stock Market | Funds | Financial | Broker About the Author:
Ivan Yaller answers frequently asked investing questions at PrettyGreatAnswers.com.
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