Question

What is the difference between a full-service broker and a discount broker?

Answer 1

Answer:

Explanation:

Full-service brokers charge higher fees than discount brokers, but provide more services. ... Discount brokers will generally only allow you to buy and sell stocks and do not make suggestions or offer advice.

Answer 2

Since a discount broker is a stockbroker who implements buy and sell orders at a reduced commission rate. But, a discount broker doesn’t prepare investment advice or present analysis on a client's benefit, dissimilar to a full-service broker. In terms of the stock market, most discount brokers utilize through on the web platforms