An individual/entity who helps buy or sell a tradable asset. Often used with stocks, bonds, options, foreign-exchange. Related tag is brokerage, the fees charged by the broker.

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93 views

Is robinhood backed up by an insurance company

Robinhood is a mobile broker that charges $0 commission, but because it's unclear how their business model makes money, I have read a lot of skeptical threads about it.... My question is that is this ...
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3answers
82 views

Do real-time stock charts list the last trade price, or a short term average?

So, in the real-time charts I have access to, the stock price is updated every 1 minute. Let's say, stock XXX's price at 3:24 PM is $65.66, and then at 3:25 PM it jumps up to $65.78. Does this mean: ...
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79 views

International Stockbroker

I live in Australia, but have shares in the UK. I inherited the shares so have no experience in buying/selling. How do I find a stockbroker who could sell the shares for me? Edit: Copying the ...
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4answers
699 views

How to incentivize a real-estate broker to find me a cheap house

I am looking for a house to buy. Most real-estate brokers that I know of represent the sellers. This means that they get a certain percentage of the selling price. This means that they have an ...
3
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1answer
81 views

Do brokers execute every trade on the exchange?

In the United States, whenever a customer places an order, will the broker always execute that trade on the market? Do brokers just maintain a "reservoir" of popular stock, and hand them out to ...
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20 views

Tax Advice for foreign/nonresident aliens in a margin account

I have a cash account in a US stockbroker since about 15 years. I from (France) and I live in here (Paris) since born. In the last 15 years I did not pay any TAX (capital gains) in USA; now I need to ...
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4answers
786 views

Why can Robin Hood offer trading without commissions?

I was wondering why the startup Robin Hood can offer free stock trading, while other online stock brokers ask commissions. How is it possible that this is the first initiative that offers this kind of ...
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4answers
128 views

How do dividend reinvestment purchases work?

Typically if I buy a stock I buy the stock from some guy selling the stock. If I own AAPL I receive a ~2% annual dividend payout which I choose to reinvest automatically. Who am I buying these ...
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1answer
82 views

Fees and delays in getting physical stock

If I buy shares from a certain US stock broker, what are on average the fees and delays to get the physical stock upon request? If the prices do not have a clear average, which US based broker has ...
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2answers
200 views

Why do stock brokers charge fees

Most stock brokers charge fees for trading stocks and some of them charge like $7-9 per trade. Why do they charge fees? Do they need to pay fees with stock exchanges like nasdaq when shares are traded ...
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1answer
28 views

Comparison of online brokerage tax preparation features?

I'm trying to find a comparison of online brokerages when it comes to speeding up year end tax preparation. Especially when it comes to doing return of capital (RoC) calculations for REITs and MLPs. ...
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4answers
1k views

How does Robinhood stock broker make money?

I recently downloaded the Robinhood app that states it charges $0 commission for its trades. If so how do they stay in business by doing this? Is there something they are leaving out?
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1answer
4k views

How does Fidelity make money off me?

I have an IRA account with Fidelity which I use to buy a handful of Fidelity mutual funds. Since they are Fidelity mutual funds, Fidelity does not charge commission on them. So how then does ...
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1answer
365 views

A stop order won't be automatically fired in after-hours trading?

I set up a stop-loss order with GT90 duration at 10.5 when the stock is trading at around 11.6 during regular trading time. But in after-hour trading time it dropped suddenly to 9.5 due to some rather ...
2
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1answer
66 views

How to Buy “Exotic” Bonds as a Low Net Worth Individual?

I'm a low net worth individual looking into investing into Junk Bonds but I have no idea where to start! I understand that you will need to buy through broker. But I am struggling to find brokers ...
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3answers
302 views

Is it safe to scan debit card's front and back side for my broker?

To make a deposit, my broker, regulated by EU and established, asks me to provide the scans of the front and back side of the debit card. "Name, expiration date and the first and last four digits of ...
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2answers
77 views

Can expense ratios for certain ETFs differ between brokerages?

I have an account with two different online brokers. I've noticed when comparing the two sites, that one of them seems to have lower expense ratios for ETFs than the other. Is this possible or am I ...
2
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2answers
67 views

Options liquidity and trading positions larger than the daily volume?

I want to open and close an options contract position that would be larger than the daily volume and open interest for that particular contract and expiration date. Would my broker or other market ...
2
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1answer
144 views

Automatic Investment Plan - Non U.S resident

I am looking for any options to invest small amounts each month/quarter without commissions eating me up. As a U.S. resident and investing in a Mutual Fund, this is no problem. AIP programs Non U.S. ...
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3answers
313 views

Are there online brokers in the UK which don't require margin account?

To my surprise, it was extremely difficult to find an online Platform that offers the option to trade/invest in STOCKS with a 1:1 leverage, in other terms, purely my own money, no margin. I've ...
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1answer
257 views

Should a retail trader choose a broker with access to dark pools

Often brokers advise their access to a 'huge' dark pool. If I were an institution trading big lots, then surely I would choose a broker like this. But as a retail trader, does this influence my choice ...
2
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2answers
218 views

Ready to invest but I'm overwhelmed with the number of brokers and services

I have £15,000 - £20,000 to invest for the long term and I've researched what I will regularly invest in to: Pension, Index funds, Bonds, small number of individual stocks (maybe) as well as my cash ...
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2answers
336 views

Interactive Brokers Margin Accounts

I've read the margin documentations on IB but am not sure given the following scenarios. I have a reg-t margin account trading stocks/etfs. Scenario 1: I do weekly re-balancing of a portfolio of ...
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2answers
191 views

Can I use same stock broker to buy stocks from different stock markets?

I'm a college student and new to stocks investment. I wonder if I can use same stock broker to buy stocks from different stock markets? e.g. NYSE and NASDAQ If yes, can I use the broker in US to buy ...
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1answer
624 views

I'm a UK citizen, can I use US stockbrokers?

I want to invest in global stocks and I like the look of several US based online stock brokers. Is there a difference using one of these stock brokers instead of a UK based one? How does a UK based ...
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2answers
411 views

Online broker available in Europe - to buy index funds or ETF with small investments

So i am trying to start investing periodically some small amounts. I am particularly interested in index funds or ETF. I would like to be able buy, track, sell them, and etc online. There are a lot ...
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2answers
287 views

Can I trade more than 4 stocks per week equally split between two brokers without “pattern day trading” problems?

Do pattern day trading issues arrive from having to many trades (4+) per week based on account or person? If I had another brokerage account at a different firm could I use this to increase the number ...
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1answer
138 views

Entered trade to buy 500 sh at 57.06 aon stock traded at 56 but no execution broker said aon prevented execution can this happen?

This was a NYSE trade placed with brokerage firm. I placed a bid of 57.06 for 500 shares, all or none (AON), of a stock and it apparently traded at 56 without filling my bid. Broker checked with home ...
3
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1answer
42 views

What is the added advantage of a broker being a member of NFA in addition to IIROC

If my broker is a member of the national futures association, what extra protection does it give me over the fact that it is also a member of IIROC? I am particularly referring to this: ...
2
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2answers
525 views

ISA trading account options for US citizens living in the UK

I am looking for an ISA trading account that can be opened by US citizens that are UK residents. There seems to be a general trend towards brokers in the EU not wanting to do business with US ...
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2answers
276 views

Stock market order execution

I want to know how an order gets executed at exchange level once I place an order through an online broker. If i place a buy order for 1000 shares of XYZ Company, does it execute at one exchange? or ...
2
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2answers
667 views

Stock Trade Transaction Fee - at what point is it worth it

I have a question regarding the transaction fees that brokers charge and to what extend that put a limit on the minimum amount of shares it is worth buying and how often you can/should trade them. ...
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3answers
796 views

How do brokers make money from margin accounts?

How do brokers make money when they lend customers money to trade on margin? Let's say someone deposits $30,000 into an account and is given power to purchase $60,000 worth of securities. The person ...
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3answers
175 views

Is there any reason to diversify your investments across accounts at multiple/different brokers?

I have a few retirement accounts at Vanguard. I am considering opening a regular non-retirement investment account there. Is there any reason to diversify and open the new account with a different ...
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2answers
132 views

What happens if a Financial Services Company/Stockbroker goes into administration in the UK?

In the UK the Financial Services Compensation Scheme backed by government protects savings in standard bank accounts up to £85,000 per bank. What effects might there be if a financial services ...
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1answer
269 views

How to calculate how far a stock price can drop before a broker would issue a margin call?

Let's say the margin requirement for a stock XYZ is 50%. The current price of XYZ is $150/share. Let us say I put in $100, and borrow $50 from the broker to buy a share. Typically, how far can the ...
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3answers
431 views

What do brokers do with bad stock?

I'm new to financial markets and how they work is still fuzzy, so bear with me. This question actually has multiple questions :( ... and a bit of a story. I was watching a YouTube video on the ...
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1answer
124 views

Can you identify this broker/trading platform by looking at this picture?

Can someone identify what broker or trading platform this is?
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1answer
270 views

Who pays the fee on a NYC no-fee co-broke apartment rental?

I know the following is true (or if it's not, please correct me!): a) If my broker shows me a place that has a fee that's listed by another broker, then they split the fee (i.e. a typcial co-broke ...
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1answer
165 views

What questions should I ask a mortgage broker when refinancing a condo in Wisconsin?

I live in Wisconsin. I'm trying to refinance my condo right now. I have next to no experience with refinancing, but I'd like to do some research on the subject before I start asking these questions, ...
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2answers
371 views

Trading US stocks from India

I used to live in US on H1B visa. I have opened a trading account in US. Now I have moved back to India but I am still doing trading with US account. Also I have not closed my bank account in US. My ...
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1answer
302 views

Margin account: how to calculate the stock price that might trigger a liquidation of positions?

For example, I have an account at IB. The margin requirements are here: https://www.interactivebrokers.com/en/index.php?f=margin&p=stk Reg T Margin IB Initial Margin 25% 1 * Stock Value ...
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1answer
1k views

How do brokers handle “hidden” stock orders?

Some brokers offer the feature of making stock orders "hidden," which effectively hides them from bid/sell/deepbooks. How exactly does this work? See this example from Interactive Brokers.
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2answers
2k views

Why don't brokerages charge commissions on forex trades?

Why don't brokerages charge commissions for forex trading but do charge them for stock trading? Is it because the high liquidity of the forex market makes it easier to buy and sell, so brokerages ...
2
votes
1answer
131 views

Cheapest way to trade ETF and mutual funds in UK for an ISA account?

I'm new to UK and currently only have a cash ISA account at a major bank. I'd like to have ETF/mutual funds instead, but the bank's administrative fees for these assets feels way too high. I found ...
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1answer
262 views

Does the bid price of a stock change depending on which brokerage I am using?

If I have an account with two separate discount brokerages and they have different market makers on NASDAQ, is it possible that they will give me different quotes? Will the bid price of brokerage #1 ...
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1answer
109 views

What rules must your broker follow when buying/selling shares for you at the market price?

When you buy/sell shares at market price (not using limits), what rules must your broker follow? Two scenarios: You tell your broker to sell shares at market price. The broker buys the shares ...
4
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1answer
59 views

What is the market rate of non-cash ISA fund administration fee in UK?

A friend of mine suggested a plan that takes a 1% administration fee (from the assets deposited) regardless of the type of investment you make (stock, bond etc.). This sounded quite high from my ...
2
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1answer
128 views

Most cost-effective way to purchase individual bonds?

I am trying to determine the most cost effective way to go about purchasing individual corporate and municipal bonds that I intend to hold until maturity. Is there great variation in the fees and ...
2
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1answer
355 views

Do online brokers use market makers?

If I use an online broker such as Trade King or Scottrade to buy shares of some company, how do they buy the shares? Do they have to go through a market maker? Is there a notion of the broker ...