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Discount Broker
A discount broker is a type of stockbroker that offers lower commission fees compared to full-service brokers. However, unlike full-service brokers, they do not provide investment advice to their clients. This means that investors who choose to work with a discount broker must have a certain level of knowledge and understanding of the market. It is important to carefully consider whether the cost savings outweigh the lack of guidance before selecting a discount broker for your investment needs.
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