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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
5Paisa with its unique offering of lowest cost Broking, Complete Paperless Account opening, Mutual Funds, Insurance, Research and Robo Advisory is the fastest growing discount broker in the country.
Discount brokers include, and If you do need advice use an advisory broker or Independent Financial Advisor (IFA).
In contrast, an online discount broker might charge as little as $10 on a trade in which a client buys or sells $10,000 of stock.
"In a stronger market, sellers are braver -- they'll use discount brokers or try to sell properties themselves," Miller said.
Bestinvest, a leading advisory discount broker, this week issued its latest Spot the Dog guide to the worst performing funds.
When it comes time to sell a home in the Anchorage area, sellers have four choices: sell on their own, use a discount broker, use a real estate agent or use the FSBO Assistance Program, Wickersham said.
This can be done through a discount broker or sometimes through the company directly.
Yet whereas six out of 10 shoppers compare prices for electrical goods, only two out of 10 compare life policies, says a new surveyfrom discount broker Direct Life and Pensions (tel: 0808 107 2000).
One cluster is: Young Literati, upscale urban singles and couples, ages 25 to 44, professional, income $63,400, plan for large purchases, take vitamins, use a discount broker, watch Bravo cable TV channel and read GQ.
In 1995 Schwab was the country's leading "discount broker" in an industry dominated by Wall Street giants.
16 September 2014 -- San Francisco-based discount broker The Charles Schwab Corp (NYSE: SCHW) has released its Monthly Market Activity Report.
Ben-David along with David Hirshleifer of the Paul Merage School of Business at the University of California, Irvine, studied stock transactions from more than 77,000 accounts at a large discount broker from 1990 through 1996 and did a variety of analyses that had never been done before.