deep discount broker

Definition

A brokerage which offers even lower commissions than a discount broker, but also provides even fewer services to clients. Generally, such a broker will provide nothing beyond execution of stock and option trades, and will charge a flat fee regardless of the size of the trade. They are thus a very economical option for a trader who only needs for his/her trades to be executed, and nothing else.

Related Terms

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
deemed IRA full service broker