Discount Broker

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.

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.

Investment dictionary. . 2012.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Discount broker — Discount Dis count , n. [Cf. F. d[ e]compte. See {Discount}, v. t.] 1. A counting off or deduction made from a gross sum on any account whatever; an allowance upon an account, debt, demand, price asked, and the like; something taken or deducted.… …   The Collaborative International Dictionary of English

  • discount broker — A brokerage house featuring relatively low commission rates in comparison to a full service broker. Bloomberg Financial Dictionary See broker. * * * discount broker discount broker ➔ broker1 * * * discount broker UK US noun [C] ► STOCK MARK …   Financial and business terms

  • Discount-Broker — Dis|count|bro|ker, Dis|count Bro|ker […broʊkɐ ], der; s, : Unternehmen, das im Auftrag von Privatkunden gegen niedrige Gebühren mit Wertpapieren handelt. * * * Discount Broker   [dɪs kaʊntbrəʊkə, englisch], Wertpapierhandelsunternehmen, die… …   Universal-Lexikon

  • discount broker — discount brokerage. 1. an agent who discounts commercial paper. 2. a stockbroker who charges discount commission fees. [1860 65] * * * …   Universalium

  • discount-broker — disˈcount broker noun A person who cashes notes or bills of exchange at a discount • • • Main Entry: ↑discount …   Useful english dictionary

  • discount broker — /ˈdɪskaʊnt broʊkə/ (say diskownt brohkuh) noun a merchant who cashes bills of exchange at a discount, or lends money at a discount on securities …  

  • discount broker — noun : one who makes a business of discounting commercial paper usually as an agent * * * discount brokerage. 1. an agent who discounts commercial paper. 2. a stockbroker who charges discount commission fees. [1860 65] …   Useful english dictionary

  • discount broker — bill broker …   Accounting dictionary

  • discount broker — See bill broker …   Big dictionary of business and management

  • discount broker — / dɪskaυnt ˌbrəυkə/ noun a broker who charges a lower commission than other brokers …   Dictionary of banking and finance

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”