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English definition of “discount broker”

discount broker

noun [C]    
STOCK MARKET someone who buys and sells investments for their customers at a lower cost than a full-service broker because they do not provide investment advice : You can obtain a rebate of 3% or more on unit trusts if you buy them from a discount broker . → Compare full-service broker
UK FINANCE →  bill broker
(Definition of discount broker noun from the Cambridge Business English Dictionary © Cambridge University Press)
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