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English definition of “discount brokerage”

discount brokerage

noun [C]
 
 
STOCK MARKET
a company that buys and sells investments for its customers at a lower cost than a full-service brokerage because it does not provide investment advice: He now has $7,000 invested, through an online discount brokerage →  Compare full-service brokerage
(Definition of discount brokerage from the Cambridge Business English Dictionary © Cambridge University Press)
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