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5. Features of different broker types How do transactions work in the securities markets? Transactions involving buying and seiling securities are conducted through stockbrokers, who are also known as account executives or financla! consultants. When choosing a stockbroker, investors have three primary options: full-service brokers, discount brokers, and online brokers. Brokers who charge low overheads, low fees and commissions but offer no additional services other than executing trade transactions are called While some brokers still operate exdusivaly in person or online, the distinction between the three types has become increasingly over the years. The chart that follows shows fees imposed by different discount brokers; as you can see, of them offer both online and brokerassisted trades. Because the fees charged for broker-assisted trades it is shopping around *fore choosing a braker. Suppose you are a serious investor with large amou leal directly with an in-person stockbroker. Which of the foliowing statements regarding your options are true? Check. If you want a full-service broker, it's wise to choose someone you can get to know socially. The commissions charged an buy and sell orders are non-negotiable. Active traders can generally negotiate reduced fees. Brokers prefer working with you if you're a buy-and-hold investor

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