Comparison

Traditional brokers offer detailed research reports and services, but charge a significantly higher fee. Discount brokers charge very low fees, while simultaneously offering fast trading platforms and all essential services. Probably the largest disadvantage of using these types of brokers is the price tag. Full-service brokers, like other management company types, charge for their services, and although the broker may offer a “bundle discount,” generally you will be paying more no matter the amount discounted. Full-service stock brokers have a dedicated research team that conducts technical and fundamental analysis and publishes various reports on stocks, companies and markets.