Discount Stock Broker
Discount stock brokers offer good amount of opportunities for those who are interested in dealing in stock market.
They facilitate the buying and selling of securities but do not actually refer any product or make product recommendations. They charge commissions that are considerably less than full commissions charged by stock broker. They merely act as order takes for carrying out transactions for the client. In some cases, online stock brokers are also discount brokers but with a few exceptions.
Basically, they are the executioner of the orders placed by the client. They buy, sell, and carry out orders or whatever the client has asked them to do. Their main aim is to save money for their clients. They accept orders mainly for stocks, stock options or future trading. Most of the discount stock brokers can trade bonds and US treasuries too. Discount broking is an extremely competitive field, thus you virtually get all the services of a regular stock broker at lesser price.
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