| This article provides detailed information on Discount | | | | \"discount,\" \"deep discount\" and \"computer or |
| Brokers. | | | | electronic.\" Full-service discount brokers offer |
| Discount brokers are stockbrokers who help carry a | | | | services that are identical to a full-service broker. |
| wide variety of business deals. Generally, they accept | | | | They own local branch offices for personal service, |
| orders for stock, stock options and futures trading | | | | newsletters, a personal account representative and |
| deals. They are known by different names such as | | | | considerable literature. Discount firms carry out the |
| discount commodity brokers, discount stockbrokers | | | | same functions as that of the full-service discount |
| and discount real estate brokers. Compared to | | | | firms. The only difference is they don\'t have local |
| full-service brokers, discount brokers buy and sell | | | | branches. Their commissions are around 1/3rd the |
| orders at a reduced commission. Discount brokers | | | | price of a full-service agent. Deep discount brokers |
| allow a person to buy \"no-load\" mutual funds at a | | | | are stock brokers who execute only stock and |
| reduced commission. Through an arrangement with a | | | | option trades. They have fixed commissions (flat fee) |
| particular fund, free mutual funds are sometimes | | | | for any trade of any size. Computer or electronic |
| offered. Discount brokers will often provide (for a | | | | brokers offer services similar to deep discount |
| small fee) a free 1-page Standard & Poor\'s | | | | brokers. Their service is primarily aimed at computer |
| Stock report on the stocks you are requesting and a | | | | users who trade via the internet. Some discount |
| 5-10-page research report. Twenty-four hour | | | | brokers, who cannot be clearly categorized, fall |
| telephone stock quotes services are also provided, | | | | between \"discount\" and \"deep discount.\" They |
| allowing the person to build trades.There are four | | | | cater to skilled, high-volume traders with high |
| types of discount brokerage firms, \"full-service,\" | | | | demands for quality service. |