How Discount Brokers have removed these barriers for traders are discussed below:
1)Brokerage is fixed for every executed order
Now traders do not have to worry about their trade size. As discount brokers do not charge on their
trade size or trade amount they simply charge a pre-decide flat fee for every executed order which a
trader place.
2)No pressure
Unlike traditional brokers, no additional pressure is imposed by discount brokers. Often you will
witness that full-service brokers force you to buy certain stocks of some company's time to time.
They might be benefited as well if you do so.When you trade with discount brokers this would
not be the case.
3)Flexibility to place your order directly from trading platform
With discount brokers, you do not need to make a phone call to your broker every time you need
to buy or sell a stock. You can directly access to the market and place your order using the trading
platform without wasting much time at your own end.
4)Market information
Usually, every discount brokers will offer you good resources which will help you to know about
market updates. All fundamental and technical reports are offered which facilitates you to pick
your stocks in a wise manner.
5)No burden of extra charges
No extra cost of maintenance, software, trading terminals is to be paid for using services
of discount brokers.
Also, the biggest fear of paying huge cost has been removed by discount brokers.
Traders must learn how to earn maximum returns from the stock market and also use possible
ways to save their money in the market while trading.
