discount broker

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Related to discount brokerage: Discount Brokerage Firms

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 ?
The returns were enough for Kamath to leave Reliance Money and start reaching his goal of owning a discount brokerage that gives more to the customer.
From 1999-2001 Morin served as National Bank Securities Vice-president, the mutual funds and discount brokerage subsidiary of the National Bank of Canada, where he managed client assets of $ 5 billion.
You can do it yourself, if you have the time and inclination, by choosing no-load mutual funds and perhaps paying discount brokerage commissions for selected securities transactions.
Another approach you might want to consider for your child is to open a discount brokerage account, or using dividend reinvestment programs (DRIPs), to invest directly in stocks.
He was an investment banker who launched a discount brokerage firm in the 1990s and sold it for billions.
for a young worker, the fees charged in excess of an index fund entirely consume the tax benefit of investing in a 401(k) plan." Whatever the quibbles with Ayres and Curtis' findings, I doubt that many would dispute the overall point: Many participants locked into a 401(k) plan with a high-fee fund lineup do worse than they would if they simply walked into a discount brokerage, set up an individual retirement account (IRA) and invested in some index funds.
Place Trade Financial, Inc., Member FINRA, SIPC (, is a global full service, discount brokerage firm with award winning online trading.
Instead of using a full-service brokerage and racking up margin debt, she took her business to online discount brokerage ShareBuilder and only invests money she currently has.
Schwab, 74, who four decades ago created the discount brokerage and investment company that now has 10 million accounts and 15,000 employees, was making his first trip to Nashua to help Mary Murphy of Bedford.
Three years later, with the loan from his uncle, the country's first discount brokerage firm was born in a newly deregulated market environment.
For those who like to do their own research and subsequently pick investments, I'd recommend, for the most part, that you use a discount brokerage. A discount brokerage service tends to focus more on the transaction and typically charges a fee for executing a trade.