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Discount Broker
(redirected from discount brokerage)

    Also found in: Dictionary/thesaurus, Wikipedia 0.04 sec.
Discount Broker
A stockbroker who carries out buy and sell orders at a reduced commission, compared to a full-service broker, but provides no investment advice.

Notes:
It used to be that only the wealthy could afford a broker and access to the stock market. The internet has brought an explosion of discount brokers which 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 want to invest a lot of money, a discount broker is an excellent way to invest.

Discount broker
A brokerage house featuring relatively low commission rates in comparison to a full-service broker.
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which is under investigation as part of the wide-reaching mutual fund trading scandal, said it was seeking a buyer for its clearing and discount brokerage units.
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With the agreement, MPL put its extensive database on Canadian stocks onto the InvestNET site for National Bank Discount Brokerage clients.
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parent of the largest bank headquartered in Southern California, said Monday it has formed a discount brokerage unit to handle its customers' stock trading online and over the phone.
CITY NATIONAL GETS INTO ONLINE TRADING by Daily News (Los Angeles, CA)
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