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FROM THE BLOG
How to set up your own discount broking firm?
A discount broker is a stockbroker who carries out buy and sell orders at reduced commission rates
compared to a full-service broker. However, a discount broker does not provide investment advice or
perform analysis on a client’s behalf, unlike a full-service broker. Before the emergence of better
communications technology, only the wealthy could afford a broker and access to the stock market.the
Internet has brought an explosion of discount online brokers that allow individuals with smaller capital
to trade for lower fees and with less capital. In terms of the stock market, most discount brokers
operate through online platforms. As a result, a discount broker is nearly synonymous with online brokerages.