Discount brokerages in the securities industry provide clients with their own accounts to enter orders for execution. These investors usually don't interact with a live broker. The communication is minimal and only engages in trade executions if and when they do. The services provided by discount ...
Think of the legal entity that facilitates security trading as anagentacting on behalf of investors. When you want to buy or sell a security, the entity (in the case ofonline brokerageaccounts for example) that helps you make that transaction is your agent. When youpay a commissionto make ...
A discount brokerage account, or discount broker, is the most common form of brokerage account for casual investors who are just starting out. It may be an online-only brokerage, or there may be a few branch offices around the country. Everything is pretty much do-it-yourself, and you ha...
What is a Market Order? Discussion Comments ByLuvs2travel— On Apr 16, 2009 I have an interesting situation involving my father's brokerage firm of 20 plus years. I was an "interested party" on his account so I received monthly statements of his investments. When the account was originally...
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In financial terminology, a discount market refers to a marketplace where financial instruments, such as bills of exchange, commercial paper, and Treasury bills, are bought and sold at prices below their face value.
A full-service brokerage could be a smart choice for an investor who wants hands-on guidance, though it is also the most expensive option. “Discount” brokerage account Don’t be dissuaded by the term: a “discount” brokerage account isn’t run by brokerage firms of inferior quality. Rath...
‘Online Discount Brokers’ usually function online. This enables individuals to trade even with a smaller capital. You will have to execute your trades, as online discount brokers don’t offer trade advice the way full-service brokerages do. The most popular online discount broker is Robinhood....
With the rise of discount brokerage firms offering online trading platforms, the term “stockbroker” is now often used interchangeably to refer to these firms as well. For example, TD Direct Investing is technically a brokerage firm even though some people may refer to it as their stockbroker....
“T-bills are issued with original maturities of four, eight, 13, 26 and 52 weeks,” Johnson says. “They don’t pay interest and are issued on a discount basis (which means your initial cost is lower than the face value of the T-bill). With T-bills, the investor receives a higher...