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A discount broker offers trading services with lower fees and commissions but provides limited or no investment advice, research, or personal financial planning. In contrast, a full-service broker provides a comprehensive range of services, including personalized investment advice, research, and portfolio management, typically at higher costs. While discount brokers cater to self-directed investors, full-service brokers target those seeking professional guidance and a more hands-on approach to investing.

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What is the difference between mercantile agent delcredere agent broker and factor agent?

An agent (captive) works directly for a single insurance company and is limited only to that company's offerings. A broker represents many insurance companies and can therefor provide you a multitude...


What is the difference between a securities broker and a commodities broker?

Securities and commodities brokers differ in the investments they buy and sell. Securities brokers typically buy and sell stocks, bonds, and mutual funds. Commodities brokers buy and sell futures contracts for metals, energy supplies such as oil, and


How much is a real estate brokers and agents commission and how is it split?

RE commission is between 4% and 6% usually. The amount ( say 6%) is what is "split" between the listing broker and the agent who brings the deal to the broker.


What is the difference between dealer and broker?

Broker buys/sells securties on his/her clients behalf and dealer buys/sells securties for his/her accounts. 1. A broker is a person who executes the trade on behalf of others, whereas a dealer is a person who trades business on their own behalf. 2. A dealer is a person who will buy and sell securities on their account. On the other hand, a broker is one who will buy and sell securities for their clients. 3. While dealers have all the rights and freedom regarding the buying and selling of securities, brokers seldom seldom have this freedom and these rights. 4. A broker has only a little experience in the field compared to dealers. It has also been seen that brokers become dealers once they get experience. 5. A broker is normally paid a commission for transacting the business. A dealer is not paid a commission, and he or she is a primary principal.


Is a broker fee part of GDP?

Yes, a broker fee is part of GDP as it represents a service provided in the economy. GDP measures the total value of all final goods and services produced within a country during a specific period. Since broker fees are payments for services rendered in facilitating transactions, they contribute to the overall economic activity captured in GDP.

Related Questions

What most accurately describes the difference between a discount broker and a full-service broker?

Discount brokers don't give investment advice or do stock market analysis


What most accurately describes the difference between a discount broker and full- service broker?

Discount brokers don't give investment advice or do Stock Market analysis


What most accurately describes the difference between a discount broker and a full service broker?

Discount brokers don't give investment advice or do Stock Market analysis


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

Discount brokers do not give investment adivce or do stock market analysis. Full service brokers do both. To know more: alpari com


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

Discount brokers do not give investment adivce or do stock market analysis. Full service brokers do both. To know more: alpari com


What of the following most accurately describes the difference between a discount broker and a full- service broker?

A discount broker primarily executes trades for clients at lower fees but offers minimal investment advice or personalized services. In contrast, a full-service broker provides comprehensive financial services, including investment advice, portfolio management, and other financial planning, but typically charges higher commissions and fees for these services. Essentially, the choice between the two depends on the level of guidance and support an investor desires.


What is the Difference between brokerage and commission?

difference between broker and commission agent


Difference between broker and jobbers?

The difference between a broker and jobbers is the role that they play in the buying and selling of stocks. A broker is hired by an investor to buy and sell stock for them. A jobber ensures that when the broker wants to buy or sell, that there is someone lined up for the broker to buy or sell from.


Do I still have money in my olde discount broker account?

To determine if you still have money in your old discount broker account, you should log into your account through the broker's website or app. If you can't access your account, consider contacting customer service for assistance. Additionally, check for any notifications or communications from the broker that might indicate account status or changes.


What is the total cost and is there a difference in supervised Mort Broker and Mortgage Broker?

I think there was no difference between supervised Mort Broker and Mortgage Broker. from the following link you can get the information about total cost of Mortgage Broker au.pfinance.yahoo.com/home-loans/features/online_homeloans/index.html


Where can one find a discount mortgage broker?

One can find a discount mortgage broker from the following sources: Discount Mortgage Canada, A Discount Mortgage, Ratehub, Hover MTG, Charcol, Mates Rates Mortgages, Property Observer.


What are the advantages of using online discount brokers?

Using a discount broker saves you money. You may get less services and support though than a regular broker.