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Discount brokerage firm

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discount brokerage firm
A brokerage firm that discounts commissions for individuals to trade securities. Most discount brokerage firms offer limited advice but reduce their fees by 50% or more compared with full-service brokerage firms. Compare full-service brokerage firm. See also May Day.

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.



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Most discount brokerage firms offer limited advice but reduce their fees by 50% or more compared with full-service brokerage firms.
Reliable discount brokerage firms may also be spotted through referrals as well as stock forums.
Most discount brokerage firms offer limited advice but reduce their fees by 50% or more compared with full-service brokerage firms.
 
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