A discount broker is a stockbroker who carry out buy and sell at a reduced commission rate. The discount brokerage is best suited for the investors who can make their own investment decisions. – PowerPoint PPT presentation
1 Discount Brokers???? 2 What is Discount Brokers?
A discount broker is a stockbroker who carry out buy and sell at a reduced commission rate. The discount brokerage is best suited for the investors who can make their own investment decisions.
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What to look out for when selecting a discount broker?
- There are many points look up when selecting a discount broker. Some of the points are given below-
Cost- The most important is commission in the discount brokers keeping commission low give you a high return in the long run.
2. Accessibility- With a best broker, you would have to call your account representative to make trades, deposits for you. With a discount broker you have access to your trading account with online software.
3. New account promotions- When you searching online there are many offer given by sites when opening an account.
4. Stock Purchases- The service provide by the discount stock broker is the purchase and sale of stocks. Stock referred also as
to as shares or equity.
5. Options - Options is the stock market are slightly more complicated than stocks. When you purchase an option, you are creating a contract with the option writer .This contract provides you with the opportunity to purchase a stock or other financial instrument at a set price within a determined time period.