discount brokerage firm(redirected from Direct-Access Firms)
Discount Brokerage Firm
discount brokerage firm
Discount brokerage firm.
Discount brokerage firms charge lower commissions than full-service brokerage firms when they execute investors' buy and sell orders but may provide fewer services to their clients.
For example, they may not offer investment advice or maintain independent research departments.
Because of the information and online account access on most brokerage websites, differences between full-service and discount firms are less apparent to the average investor.