discount broker


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.

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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.

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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.

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sales charge Glass-Steagall Act