Different types of stock-brokers

Date Added: April 22, 2009 11:40:57 AM

Author: Hardy

Category: Business and Economy: Investing

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In this one I am going to describe the 3 different types of stock brokers : 1. Full Service Broker A full-service broker can provide a bunch of services such as investment research advice, tax planning and retirement planning. 2. Discount Broker A discount broker lets you buy and sell stocks at a low rate but doesnt provide any investment advice. 3. Direct-Access Broker- A direct access broker lets you trade directly with the electronic communication networks (ECNs) so you can trade faster. Active traders such as day traders tend to use Direct Access Brokers So now you have got good information regarding types of stock brokers and you can pick an option that suits your needs.

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