discount broker
Definition
A brokerage which executes buy and sell orders at commission rates lower than a full-service brokerage, but which typically provides fewer services such as research and advice.
Use discount broker in a sentence
“ They were a discount broker and that was really great to hear because we were in desperate need of a discount. ”
“ Scott acts like he's so well-connected, but everyone knows he uses a discount broker who doesn't even offer him advice on where to invest. ”
“ The discount broker I currently use for trading securities is far more cost effective than the full service broker I utilized prior to the advent of the internet. ”
