Get complete details & information regarding Full service broker Vs Discount Broker.
What Is Discount Broker?
A stockbroker who provide service to its clients buy & sell stocks, commodities, currency at a minimum brokerage as compared to a full service broker, but he not provides investment advice to its customers. Discount Broker is the best option for those who are not interested in advisory from broker & wants to make study on its own.
What Is Full Service Broker?
- Full serviced broker is who provides all kind of service to its client like Research & Advice, Tax tips, Retirement planning & much more.
- Full service broker commission are much higher than Discount Broker.
Advantage of Discount Broker & Full service Broker.
Advantages Of Discount Broker
- Discount Broker offers very low brokerage plan.
- Discount Brokers offers monthly brokerage plan, per trade plan, each segment plan. so u can select best plan as per your requirement.
- Discount Broker is useful for intraday traders.
Advantages Of Full service Broker
- Full service broker provides other service like Research, Tips, Portfolio management, etc.
- Full service brokers provides Relationship managers to all customers.
- Having huge branches network.
- Best for delivery based trading.
- Client can visit the branch or office for Trading.
Disadvantage of Discount Broker & Full service Broker.
Disadvantage of Discount Broker.
- May be there is no office or branches in your city.
- You have to contact on customer care number for all query.
- No information about stock markets prices, News, IPOS, Mutual fund on Websites.
- Client cant visit the branch or office for Trading.
Disadvantage of Full Service Broker.
- Non affordable Brokerage For intraday trading.
- Brokerage are negotiable only when you shows trading volume to them.
- Relationship managers are only interested to generate brokerage from client.
