| Discount brokers are individuals or companies that | | | | option trades. They trade on AMEX, NYSE, or |
| carry out trade executions for a variety of trades. In | | | | NASDAX. They also offer free 1-page Standard & |
| other words, they execute buy and sell orders at a | | | | Poor's Stock reports. |
| lower commission rate. | | | | Touch-tone telephone stock quotes, free |
| Discount brokers can be categorized as discount | | | | check-writing privileges, and dividend-reinvestment |
| stock brokers, discount commodity brokers, and | | | | services are provided 24 hours a day. Some discount |
| discount real estate brokers. Discount stock brokers | | | | brokerage firms provide information on the current |
| open endless opportunities for those interested in | | | | price of stock, volume of the day, current dividend |
| stock markets. Discount commodity brokers offer | | | | and yield as well as earning forecasts free of cost. |
| the best trading platforms whereas the discount real | | | | To choose a discount broker, one should consider a |
| estate brokers are committed to provide online and | | | | couple of things. Cost must be the key factor. The |
| offline services for property sales. | | | | fee schedule may vary depending upon the |
| Moreover, there are two levels of discount brokers | | | | brokerage firm and the quality of shares handled by |
| on the basis of commissions. They are standard | | | | them. Always read the fine print and look for hidden |
| discounters and deep discounters. The commission | | | | costs including transaction fee, postage fee, and fees |
| charged by a standard discounter is 50% less than | | | | for late payments. |
| full-service brokers. Deep discounters feature the | | | | In most cases, discount brokers do not have local |
| lowest commission structure, which is 60 to 90% | | | | branch offices. So it is crucial to check the |
| lower than full-service brokers. | | | | background and strategy of the discount broker |
| Discount brokers offer a wide variety of services. | | | | before hiring one. Make sure that the discount broker |
| They provide 'no-load' mutual funds, at a lower | | | | is properly licensed and experienced. Stock forums |
| commission (around 0.5%). Most of them offer free | | | | and referrals can help the trader find a reliable |
| mutual fund purchases through some special | | | | discount broker. |
| arrangements. All discount brokers execute stock and | | | | |