By Leanna Kelly Retail investors buy and sell stocks, bonds and other investment products through a broker. Though most offer the same scope of services, they all vary slightly in terms of capabilities and benefits. These types of brokers fall under the “discount broker” umbrella.
A discount broker is a brokerage firm that offers its services for less than traditional brokerage fees. There are typically only fees associated with account maintenance or trades—not the administrative fees or the active management fees you’d find at a traditional brokerage. It’s a trade-off. Lower fees enable investors to keep more of their investment gains. That said, they …read more
