For questions about brokerage firms, opening a brokerage account, etc. Questions asking for specific service recommendations are off-topic.

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0answers
66 views

How can I legally provide online brokerage services? [closed]

Let's say I want to do the following: Partner with an existing online-brokerage to handle the selling and purchasing of stock. Work for myself. Occasionally meet clients in-person and manage a ...
0
votes
0answers
65 views

Canadian's Brokerage Account Forced To Close In USA

Scottrade letter says an account is being closed to due "business and regulatory considerations" What regulations is the letter from Scottrade referring to?
0
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2answers
70 views

When you transfer stock from one broker to another, is cost basis sent to the new broker?

When you transfer stock from one broker to another, is cost basis sent to the new broker? Here is my case: I want to transfer some vested shares from Schwab EAC to plain old Schwab. Schwab EAC is ...
1
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0answers
51 views

UK citizen trading in USA?

I am a UK citizen and have worked in the US in the past on work visa. I am back in the UK now but want to start investing in the US stock market. I have a valid SSN and a US back account. Are there ...
-1
votes
2answers
59 views

Best buying price on stock marketing based on market depth detail (CSE atrad tool)

I'm willing to buy some stocks from specific holdings. And on the trading tool there is a portion shows bid and ask list. Here I attached the screen shot of the window. What is the side (bid / buy) ...
2
votes
0answers
38 views

How to transfer Brokerage Account from USA to Canada?

I am a new permanent resident in Canada (Venezuelan citizen). Since several years ago I have brokerage accounts in the US (in OptionsExpress). OptionsExpress doesn't serve Canadian residents, so I ...
-2
votes
1answer
119 views

Do those who invest large amounts of money in stocks pay typical brokerage commissions?

I actually invested $2000 in stocks, and paid brokerage fees of 0.5% to the broker on both sides (buy & bell) or approximately $22.50 ($10 + $12.50 in commissions after a gain of $500). So my ...
8
votes
4answers
822 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 ...
-1
votes
1answer
60 views

Which brokerages offer the best streaming quotes (tick level) for the best price? [closed]

In my aim to find quality streaming quotes I've been shopping around for them when I found this stack exchange site dedicated to money. Here's what I've found so far in looking for to-the-tick ...
0
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2answers
237 views

How does a brokerage firm work?

I'm new to finance, thus please fix me if i misunderstand something. As far as i know, one can get an account on a brokerage firm, and have ability to trade on multiple exchanges. Good use case for ...
0
votes
1answer
56 views

I need to open a brokerage account in the US from AUSTRALIA

Does anyone know if I may be able to open a brokerage account in the united states but living in Australia, to use in trading.
1
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3answers
99 views

Free brokerage vs paid - pros and cons

I currently have 30 free trades per month with a brokerage firm due to my account balances at their banking arm. I will typically trade a few shares of various companies in very small dollar amounts. ...
2
votes
4answers
2k 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?
1
vote
1answer
230 views

Does investing in index funds on a monthly basis involve brokerage fees?

Let's say i want to invest in some index funds, and i know which ones to go for. Let's say i can also make the initial required minimum investment. My question is, will an automatic investment plan ...
0
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0answers
98 views

Transfer shares to avoid brokerage fees

I like Fidelity better than Vanguard in regards to web interface and customer service. Vanguard has better funds for the way I wish to invest. Since I plan to invest in a dollar/cost averaging manner ...
0
votes
4answers
231 views

Exercising an option without paying for the underlying

As a follow up to my other question, I would like to know whether the following is possible: Let's say I have $20.000 in my brokerage account Suppose there are call option with strike 300 (and ...
1
vote
0answers
109 views

Mass RSU grants vesting — should I worry about the stock price?

My company was acquired almost a year ago. In the acquisition, most employees received RSU grants which vested on a 1 year cliff. These RSUs are managed through Etrade. My options for tax purposes ...
0
votes
1answer
57 views

Trade ETFs with Banks' Brokerages or separate Discount Brokerage? [closed]

Hereafter, all money is in Canadian Dollars. My relative in Canada banks with HSBC Canada, is an Advanced customer, and possesses an HSBC InvestDirect account. She buys and holds for the long run, ...
-1
votes
1answer
78 views

How can I simplify my interactions with my online brokerage for buy, selling, and rebalancing mutual funds?

Whenever I want to buy or sell mutual funds, it ends up being a multiple day process for me. For example buying mutual funds: Visit my brokerage account and have them transfer the funds in from my ...
1
vote
1answer
67 views

What happens to personal data I disclose for joining an employee stock plan?

My employer has offered me to participate in a stock incentive program wherein I will receive a certain amount of stock in their American parent corporation on the (ostensibly) sole condition that I ...
-3
votes
2answers
100 views

How can a retail trader work on improving his trade execution

In some trading books, the trader is advised to work on getting better execution. What does this really mean? For execution, the trader is at the mercy of the broker's algorithms and infrastructure. ...
1
vote
2answers
106 views

Are there any caveats to withdrawing funds from brokerage?

I have recently opened a brokerage account and want to deposit some funds. Before I begin investing, I am curious if there are any caveats to withdrawing my money in the future. I am a US citizen ...
-4
votes
1answer
48 views

What is the calculation of net asset value of my brokerage account

In my brokerage account, is my total account balance (cash + equities) the same as the net asset value of the account? Or is there a difference?
1
vote
2answers
197 views

Direct Registration System vs Brokerage Firm

A year ago I bought 10 X stocks. Time flew by and I checked my stock account and I had received a whopping 10 EUR in dividends. Sadly it all was eaten by account management costs, which is about 24 ...
2
votes
2answers
80 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 ...
0
votes
0answers
57 views

How many naked option contracts can I write if I want to use maximum margin

Let us say I want to write a naked option on SPX in my interactive brokers margin account. If this is the only position I wish to hold in my account, and I want to use maximum margin, then what is the ...
2
votes
2answers
347 views

Brokerage's calculation of my profits or losses on stock trades

I've noticed that my brokerage (Wells Fargo) uses a different system to calculate my profits and losses, instead of the mental accounting I follow. E.g., I buy 100 shares of stock A in July 2014 at ...
1
vote
1answer
59 views

Covered call vs naked put in online brokerages

If a covered call has same risk profile as naked put, how come brokers allow covered call but only allow naked puts to experienced traders?
2
votes
0answers
66 views

Brokerage Account Usage

I'm a non-US citizen and have a brokerage account with Etrade Securities since last 10 years, but I just received an 'inquiry' asking a couple of strange questions so I thought of clearing my doubts ...
0
votes
2answers
387 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 ...
0
votes
4answers
306 views

Why should I choose a 401(k) or IRA over a standard brokerage account?

401(k)'s and other retirement accounts have limits on restrictions on when your money can be withdrawn. But let's say I score a job making a huge sum, can save a lot, and want to retire decades early. ...
2
votes
2answers
1k views

Can I withdraw cash from selling investments before the settlement date?

If I sell stocks, will I be able to withdraw cash from the proceeds that same day or will I have to wait until the T+3 settlement date? Does it depend on the brokerage?
0
votes
1answer
87 views

Is it possible that for shares to be reinvested in a stock you already sold?

I just recently set my taxable investment account from reinvest dividends to deposit in cash. However, there seems to be a delay (I assume related to one of the various dates associated with ...
1
vote
1answer
219 views

Is reimbursement of a brokerage transfer fee taxable income?

I switched the brokerage for a taxable investment account last year. The new brokerage reimbursed the transfer out fee of $50 from my old brokerage. I don't have my 1099s yet but I noticed in the ...
0
votes
2answers
62 views

Who (owner/ writer)needs to pay the option assignment fees

When an option is exercised, there is an option assignment fee that needs to be paid to the (broker/clearing house)? So if the options expire worthless, this fee need not be paid. But in the case ...
4
votes
1answer
563 views

Is SIPC coverage on cash as strong as FDIC?

I'm considering opening a brokerage account with a broker that is requesting $10,000 minimum funding. That money will not go to an FDIC covered bank account. But the broker does have an SIPC ...
-1
votes
1answer
416 views

Who is the counterparty when buying shares through a broker

If I buy shares of a company through a broker, who is my counter-party? The company or the broker? i.e Do I face counter-party risk twice over(if company goes bankrupt and also if broker goes ...
2
votes
1answer
364 views

Can I open an investment account in the US for my US citizen sister living abroad?

Here's my issue. I have a sister that lives in Israel. She is a US citizen, and holds a US passport, and is also a citizen of Israel. 20+ years ago, they opened a Cash Management Account (CMA) in ...
3
votes
1answer
38 views

What is the typical time taken for SIPC to return money and stocks to brokerage clients when the broker goes under?

SIPC's job is safeguard the money and securities of brokerage clients when broker goes bankrupt. One of the tasks is to speed up the return of these possessions to the clients. Going by past ...
5
votes
2answers
352 views

Can you use external money to pay trading commissions in tax-free and tax-deferred accounts?

I contribute the max to my Roth IRA every year ($5500 in 2013, for example). However, let's say I use that money to buy two stocks, with a commission $10 each, so I am effectively only contributing ...
1
vote
1answer
168 views

Will foreigners using a US broker to buy non-US stocks be subjected to 30% withholding tax on dividends?

Currently, foreigners are subjected to 30% withholding tax on dividends when they buy US stocks through a US broker. Will they also be subjected to the same tax if they buy international stocks (say, ...
1
vote
1answer
135 views

Do transaction fees for mutual funds apply when purchasing additional shares?

My broker charges me a $19.99 transaction fee when purchasing some mutual funds. I believe that they will also charge this fee when selling shares in the fund. What is not clear to me, is if they ...
3
votes
1answer
527 views

How are brokerage accounts protected from theft, computer glitches and fraud?

I'm thinking about investing in stocks, but I'm worried about losing my investments for reasons unrelated to changes in the market. I know that brokerage accounts are not FDIC-insured. What if a ...
3
votes
1answer
784 views

Is Tradeking collecting too much information when I open an Roth IRA?

I recently signed up with Tradeking a Roth IRA account. During registration, I entered my home address DOB and SSN. I was ok with it. But then Tradeking started sending me emails (1) the first one ...
0
votes
1answer
115 views

If I transfer brokerages for a taxable investment account, who is responsible for sending Form 1099s?

I am considering transferring brokerages for a taxable investment account. Will the new brokerage be responsible for sending me all Form 1099s for tax year 2013? Or is the old brokerage still ...
3
votes
2answers
214 views

Execute or trade an options contract?

Take this call for example: FIO Jan13 22 Call Let's say this Thursday the stock goes to $23. Here is my math: Cost of option: $35 Cost of stock bought at $22: 100x$22 = $2,200 Thursday price of ...
2
votes
2answers
493 views

Selling Stock - All or Nothing?

On Tradeking, I have roughly 20 shares of 5 different stocks that I'd like to sell. When I set these parameters: price: X shares: 20 or fewer order: limit/day order options: all or none I find out ...
10
votes
3answers
574 views

What are the cons to using a brokerage account for day to day banking?

I've noticed (for awhile now) that my online discount brokerage account carries many features of a traditional bank account: Online bill pay Direct Deposit Checks ATM Card FDIC or SIPC coverage Cash ...
10
votes
2answers
2k views

Do margins on a brokerage account affect your credit score?

If you have the ability to trade on margin, will this improve your credit history/score? If you refuse to pay the margin and lack the funds to pay for the money borrowed, I understand that it can ...
4
votes
1answer
156 views

Borrowed shares how are they tracked?

When a short position is opened in the stock market how does the brokerage know whether the trader has actually borrowed the shares or not?