6. What are discount brokers?

What Are Discount Brokers?

A discount broker can help you get started with investing at a low cost.

Discount Brokers

One of the best ways to build wealth over time is to invest. In the past, investing was a somewhat expensive proposition. But today there are a number of brokers that give you the chance to invest in stocks at a discount cost — or even free. These discount brokers can help you get started with investing and learn as you go.

Many of them have no account minimums and you may even be able to invest with a small amount of money. Let’s take a look at how discount brokers work and what you need to know before you get started.

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