Discount brokers provide trading executions at rock-bottom prices. That is key benefit they offer.
Discount brokers do not offer the same level of customer service or the same number of products that full-service brokers do, but discount brokers do offer all of the tools and services you need to place trades as an individual investor. If you feel comfortable conducting your own stock analysis and placing your own trades, you may want to consider using a discount broker.
Video: Discount Broker
Now that you've got the basics of what a discount broker is, check out the video below and see what else you can learn about discount brokers at the whiteboard.
Taking Your Next Step
Once you're comfortable with full-service brokers, it's time to move on and learn about How the Stock Market Works.
W@LL
- what do they mean when they say 0.005 or 0.015 per
|2009-10-23 17:54:32
hello,
Are they saying that if you trade over 1,000 shares the commission price changes from its previous rate(lets say 8.95) to now being only(lets say 0.05) per share for the shares you plan to trade in the future ONLY or does it actually change the entire rate of the commission, so then in turn only being charged 0.05 for those previous 1,000 shares & share to plan to transmit in the future? THANKS
John Jagerson
- Commission questions
|2009-10-24 12:31:11
Generally speaking I would get answers to your questions about commissions directly from the "horses mouth" so to speak. The broker can help you understand how that works and what other charges or discounts may be available.
We advocate that customers and prospective customers call their brokers more often. They will too often just sit back and wonder about questions they have when you are actually paying them to support you and to spend time answering your questions. Get to know them well - you never know when you might really need them.
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