Discount Brokers vs. Full-Service Brokers

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When choosing investment brokers, be sure to consider the costs and benefits of full-service brokers vs. discount brokers. Full-service brokers do offer more services but do so for a higher cost. Discount brokers charge less, and typically offer fewer services (though the differences are slowly decreasing between the two). In order to select the broker that is right for you, see if your broker offers a "stock market game" or demo account. If not, try finding the ones that do offer demo accounts so you can get a feel for the kind of services that you will need down the road.