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Discount Broker
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Discount Broker
A stockbroker who charges a reduced commission, but provides no
investment advice.
It used to be that only the wealthy could afford a broker and access
to the stock market. The internet brought an explosion of discount
brokers that let you trade at a smaller fee. However, it is
important to remember that discount brokers don't provide
personalized advice. Because of discount brokers, nearly anybody can
afford to invest in the market.
For those who wish to do their own research or don't invest a lot of
money, a discount broker is an excellent way to invest.
Brokers and Online Trading - How do you find the right broker for
your investment needs? Start by reading our broker tutorial.
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