| Discount stock brokers are the brokers or brokerage | | | | The charges for this service are pretty low. Usually, |
| houses which provide you with a cheap stock trading | | | | you have to pay anywhere between $0 and $10 per |
| facility. Most of the times these brokerage houses | | | | transaction and there is no advise being provided by |
| have fully automated trading platforms which are | | | | discount brokers. |
| used by the traders to buy and sell stocks using | | | | On the other hand, the full service stock brokers |
| internet connection. Since they provide a cheaper | | | | provide an array of services apart from just the |
| option, these are generally referred to as discount | | | | brokerage service. These large institutions usually |
| stock brokers. | | | | have a large number of advisors who are allocated to |
| Most of the times these discount brokers have | | | | investors to help them make decisions about buying |
| automated trading platforms which work without any | | | | and selling of stocks. Obviously, these stock broker |
| intervention of human beings. Since they do not need | | | | houses will charge you premium for these services |
| any services from experts and analysts, they charge | | | | and they may also ask for some part of profit which |
| the traders based on the number of transactions. | | | | you make on their recommendation. Their charges |
| That is the reason why discount stock brokers are | | | | are higher than discount stock brokers. |
| great for beginners in stock market who do not | | | | There is a plethora of discount brokers in the market |
| want to give away loads of money as brokerage | | | | today. You should always take time and research |
| fees whenever they buy or sell the stocks. | | | | over the internet to find a suitable stock broker. |
| To start using a discount brokerage system, all you | | | | Apart from the brokerage charges, you should also |
| need a brokerage and demat account. You just | | | | consider other factors like user interface of the |
| deposit some money in your brokerage account and | | | | system, customer care facilities, direct deposit |
| then you will be able to trade any security directly | | | | facilities etc. There are various internet websites |
| through the internet. You don't need to make any | | | | available today where you can compare multiple |
| calls to customer care or wait for your transaction to | | | | brokers at the same time along with their complete |
| happen overnight. The transactions are matched | | | | set of features and then choose the best discount |
| instantaneously without intervention of any human. | | | | stock broker as per your need and budget. |