Execution-only is a level of service offered by a broker that does not involve any personal investment advice, and gives you complete control over how you trade the markets. It can provide a cheaper way for investors to trade on financial markets than advisory services.
An execution-only broker differs from an advisory broker as it will not provide any financial advice. And unlike a discretionary broker, it will not consider your financial situation before executing trading instructions.
Instead, clients of an execution-only broker make trades themselves, either via an online platform or over the phone. Although there is no personal advice given, execution-only brokers will often provide you with market research to help you decide which trades you should make.
