are two types of brokers, traditional brokers and discount brokers. There are a
few differences between them and an important one is price. Traditional brokers
are much more expensive than discount brokers. But you pay for what you get and
the traditional broker offers you much more service than the discount broker.
broker is a professional money manager and offers you advice on how to invest
and in which investments.
broker is for the self-sufficient person and doesn't offer you advice, you can
choose and invest wherever you want to.
firms either offer the traditional broker or the discount broker, however there
are a few firms such as Charles schwab and Merrill ***** that offer both and allow
you to choose if you want a traditional or discount broker.
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