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What Is a Brokerage Firm? How It Makes Money, and Types
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A brokerage firm connects buyers and sellers to facilitate transactions for financial instruments. Brokers are compensated through commissions or fees. The amount you pay a broker depends on the level of service received. Full-service brokers offer additional services, while online brokers provide free stock trading and charge fees for additional services. The lines between full-service and online brokers are blurring.
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