Perhaps you know what stocks you want, and you can make your own investment decisions. In that case, go with a discount broker.

Discount brokers, as the name implies, are cheaper to engage than full-service brokers. If you choose to work with a discount broker, you must know as much as possible about your personal goals and needs.

You have a greater responsibility for conducting adequate research to make good stock selections, and you must be prepared to accept the outcome, whatever that may be.

For a while, the regular investor had two types of discount brokers to choose from: But the two are basically synonymous now. Through industry consolidation, most of the conventional discount brokers today have fully featured websites, while Internet discount brokers have adapted by adding more telephone and face-to-face services.

How do discount brokers make money from passive investors? - unyyozeqy.web.fc2.com

Established discount brokers offer extensive educational materials at their offices or on their websites. Many discount brokers charge extra for services that you may think are included, such as issuing a stock certificate or mailing a statement.

Everything you wanted to know about discount broker - unyyozeqy.web.fc2.com

Ask whether they assess fees for maintaining IRAs or for transferring stocks and other securities like bonds in or out of your account, and find out what interest rates they charge for borrowing through brokerage accounts. If you deal with an Internet brokerage firm, find out about its customer service capability. Toggle navigation Search Submit. Learn Art Center Crafts Education Languages Photography Test Prep.

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