Community Stock Questions

The main difference between a full-service broker and a discount broker lies in the level of service provided and the associated fees. A full-service broker typically offers a range of investment services, including personalized investment advice, portfolio management, and research reports, but charges higher fees for these services. On the other hand, a discount broker offers a more streamlined service with lower fees, often providing a platform for investors to execute trades independently. While full-service brokers may be more suitable for novice investors who require personalized guidance and investment management, discount brokers may be more suitable for experienced investors who are confident in their investment decisions and prefer to keep costs low.