A discount broker is a type of brokerage firm that offers lower commission rates compared to traditional full-service brokers. They provide essential trading services, allowing investors to buy and sell securities like stocks and bonds without extensive personal advice or management. This makes them a popular choice for self-directed investors who prefer to make their own trading decisions. Discount brokers typically offer online platforms where clients can execute trades, access market research, and manage their investment portfolios. While they may not provide personalized financial advice, they often have user-friendly tools and resources to help investors make informed choices about their investments in the stock market.