discount broker

noun

1. an agent who discounts commercial paper.

2. a stockbroker who charges discount commission fees.

Other Word Forms

• discount brokerage noun

Word History and Origins

Origin of discount broker¹

First recorded in 1860–65

Example Sentences

The Wall Street Journal, which broke news of the sale, said it would “combine a Wall Street firm in the late innings of a decade-long turnaround with a discount broker built on the backs of dot-com day traders.”

Read more on The Guardian

TD Ameritrade rose 3.4% after rival discount broker Charles Schwab agreed to take it over for $26 billion.

Read more on Washington Times

So when discount broker Charles Schwab scrapped the $4.95 commission on all online trades, as a buy-and-hold investor I immediately thought, “Bad idea.”

Read more on Seattle Times

So when discount broker Charles Schwab scrapped the $4.95 commission on all online trades, as a buy-and-hold investor, I immediately thought, “Bad idea.”

Read more on Washington Post

Eventually, I transferred my account to a discount broker and sold out of the investments he’d recommended.

Read more on Seattle Times