Discount brokerage firms charge lower commissions than full-service brokerage firms when they execute investors' buy and sell orders but may provide fewer services to their clients.
For example, they may not offer investment advice or maintain independent research departments.
Because of the information and online account access on most brokerage websites, differences between full-service and discount firms are less apparent to the average investor.
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- Brokerage account, Brokerage firm, Brokerage window, Commission, Deep discount brokerage firm, Full-service brokerage firm, Internalization, Online brokerage firm, Online trading, Sell side, Soft dollars
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