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What's the differences between a discount broker and a regular broker? "Discount" implies a price difference... but why can they be cheaper than regular brokers??

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Discount brokers do not give advice regarding investments whereas a full service broker will. If you're comfortable doing your own research and making your own investment decisions then that would be where the discount broker would come in. If not, a full service broker is most likely the type you should go through.

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You could also get investment advice from a third party (e.g. a fee-only financial adviser or family member) and then execute that advice with a discount broker. – fennec Mar 27 '11 at 20:30
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