Discount brokers are financial intermediaries who specialize in the purchase and sale of financial securities at reduced prices. Synonyms for "discount broker" include low-cost broker, budget broker, and discount brokerage firm. These terms are often used interchangeably to describe brokers who offer trading services at reduced rates in exchange for less personalized service and investment advice compared to full-service brokers. In addition, there are discount brokers who offer commission-free trading, known as zero-commission brokers, which have become more prevalent in recent years. Regardless of the specific terminology used, discount brokers provide a valuable service for investors looking to save money on their trading fees.