Glossary Background

Discount Brokers

Discount brokers are platforms that provide essential stock trading and investment services without offering the full range of services that may not be necessary for all investors. They focus on offering a streamlined, cost-effective approach to trading, typically offering lower fees and commissions compared to full-service brokers. The main advantage of discount brokers is their competitive pricing, meaning the cost of trading and investing can be significantly lower than with full-service brokers, making them an attractive choice for self-directed investors who do not require personalized advice or additional services.