What is a Discount Broker?

When you start investing you should consider the possibility of using the services of a broker. There are different types of brokers and one of them is the so called discount broker. The latter will greatly facilitate your investing activities, since s/he will assist you in the buying and selling of securities. However, you should not expect from him/her to make recommendations regarding your investment decisions. Discount brokers are usually referred to as order takers. In return to their services they charge a commission fee. However, the amount they will charge you is significantly less than the commission of a full service broker.

An example of a discount broker is online brokers with few exceptions.

To be a successful investor you need two main things - the knowledge and the right trading platform. For a trading platform we can recommend try you Zecco and TradeKing.
Zecco offers free stock trades, no account minimum, real time quotes, trading community, and is also insured and protected against loss by SIPC. Opening a Zecco account to benefit from $0 Stock/ETF trading is a smart idea. Free stock trades allow you to preserve more of your wealth and save money, which you can invest instead of paying brokerage commissions.
TradeKing has been rated #1 Discount Broker by SmartMoney’s (the Wall Street Journal Magazine) annual US broker survey. It was also awarded the highest 4-star ranking in Barron's survey of Best Browser-Based Online Brokers. TradeKing platform features real-time portfolio information, advanced order entry, stock, option and mutual fund screeners, customized charting and alerts, volatility charts, a pricing probability calculator, free research and integrated news, and interactive educational information. Open a TradeKing account here

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