discount broker


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Related to discount broker: Deep discount broker, Full Service Broker

Discount broker

A brokerage house featuring relatively low commission rates in comparison to a full-service broker.

Discount Brokerage Firm

A brokerage firm that provides transaction services predominantly or exclusively. That is, a discount broker provides clients with little or no research or investment advice; rather, it specializes in completing the transactions for which clients ask. Discount brokers usually rely on computer programs to find matching offers or bids. They charge lower commissions than other brokers and rely on a high volume of orders for a profit. See also: Deep Discount Brokerage Firm.

discount broker

A real estate broker who offers limited services in return for a commission rate lower than what is generally available in the marketplace.The most common service offered is listing a property on a multiple listing service,but all prospective buyers are then referred directly to the owner.

References in periodicals archive ?
At pounds 4,000 or pounds 5,000, this isn't a life or death decision," says Paul Penny at discount broker Financial Discounts Direct.
Buying individual stocks on a fixed income is easier today thanks to discount brokers such as Charles Schwab (877-476-2370) and online investment outfits like ShareBuilder.
Discount brokers are expanding their banking services in an attempt to make the most from each customer.
ISAs allow you to invest up to pounds 7,000 a year tax free, but most people don't realise you can pocket up to pounds 350 by using a discount broker.
For any of these, try to use a discount broker who doesn't charge standard commission of five per cent-plus upfront.
Cheryl Downing, 47, from Hove, East Sussex, has just invested pounds 5,000 in a maxi ISA through HCF discount brokers and saved pounds 200 in charges.
Also, they are a growing number of big investment banks who've allied with discount brokers to give their customers an opportunity to buy shares in select IPOs.
Discount brokers such as New York's Charles Schwab & Co.
Heading the pack to establish a new mode of discount broker provision is Wolverhampton-based company, Torquil Clark.
He learned how to research stocks and opened an account with a discount broker.
Anyone can get in, since the only thing needed is a telephone, a discount broker and some spare money,'' he said.
In ranking TradeKing as the industry's top discount broker ahead of many well established industry participants, the survey praised the firm for its inexpensive commissions, a trading platform that was "fast and easy to navigate," and responsive customer service with a chat function that "was a breeze" to use.