March 9, 2007, Newsletter Issue #57: Deep-discount brokers

Tip of the Week

Deep-discount brokers arose from the discount broker camp as the gap between the discount firms and full-service brokers narrowed. Basically, deep discounters offer the lowest commission rates along with stripped-down service. These firms are geared to knowledgeable investors who need little hand-holding. Because many options traders are in this category, the options market share of the deep discounters has been growing steadily. Personalized attention at a deep discounter may be virtually nonexistent, as may be additional features such as twenty-four-hour customer service, bond trading, or foreign stock investing.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Not finding the advice and tips you need on this Investing Tip Site? Request a Tip Now!


Guru Spotlight
Byron White