Online full-service brokers

These are traditional brokerage firms which start offering online trading services. They allow traders to trade a vast variety of products and markets; offers more order types, and plenty of trading services. In return, they charge often high but they are well-informed of market movements and are very good in customer support.
Discount brokers – they usually offer the same number of services as full-service brokers for a remarkably low charge. They highly automate their trading services. But one can never expect the same level of market knowledge, trading assistance and customer support from them.