Why full service brokers are better than discount brokers?
Why full service brokers are better than discount brokers? – Discount brokers mostly charge a low fee and provide service to traders who have comparatively smaller capital to trade with when compared to traders who go for full-service brokers. – The transaction cost charged by a full-service brokerage is higher than that charged by discount brokerages. Are full service brokers worth it? For those without any financial experience or who want the comfort and security of handholding, a full-service broker can be worth the cost. Perhaps the biggest benefit for someone without experience is the opportunity to have a reputable...