Questions tagged [broker]

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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50 views

Trusting Sell-Side Analysts and their ratings

I was wondering what percent of stocks are rated as a buy by the sell-side analysts and if they really mean anything. I feel like there sometimes can be a conflict of interest if the company does work ...
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2answers
55 views

How does exchange match multi-leg option orders?

Suppose I submit an order to open an iron condor or some other multi-leg stock option spread with multiple buys and sells. For example, if SPY is trading at 275, I might want to: sell a call at 290 ...
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240 views

Are large brokers audited to ensure client funds are ring-fenced?

In the UK we have a Financial Services Compensation Scheme (FSCS) that covers investors for up to £85,000 if their broker goes bankrupt. We also have a law stating that brokers must ring fence their ...
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1answer
58 views

When is margin interest charged?

Let's say that I have a margin account at a major broker like TD Ameritrade or Interactive Brokers. I am trying to calculate what my cost would be to use margin and I would also like to know when it ...
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1answer
75 views

Why does my broker have slightly different prices?

I took a look at the closing price of NDAQ of the day 2019 04 26 at the NASDAQ website, this market data API, which has excatly the same values as NASDAQ, open 89.63 high 90.09 low 88....
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63 views

If the broker invokes this clause to sell assets to themselves on death, how is the price determined?

Recently I was considering opening a new brokerage account and found the following troubling clause in the account agreement: The transcription, with my emphasis added: You authorize us and we ...
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1answer
51 views

Are stop loss orders stored at the broker or on the exchange itself?

When a stop loss order is not active yet (stop price has not been hit), is it stored at the broker or directly on the book of the exchange? In other words: Does the broker send the order to the ...
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2answers
119 views

Broker Didn't Invest the Roth Contribution in the Tax Year They Said They Did - Now We are Behind. What can we do?

The short story is: In the spring of 2016, we gave our broker a check to max out our Roth IRA contributions for the tax year of 2015 (check was written and cashed by the broker before April 15 in ...
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0answers
45 views

Arrange custody for CREST-qualified London Stock Exchange shares

I own some shares in a non publicly traded investment company / mutual fund and I am told that the company is going to seek listing in the London Stock Exchange and have its shares become "CREST-...
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2answers
156 views

What keeps exchanges in modern time from subsuming the role of brokers? [closed]

With the advent of electronic trading, human markets have been mostly replaced, benefiting everyone but the specialists themselves. Why doesn’t modern technology similarly enable exchanges to cut out ...
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2answers
166 views

How to efficiently invest in ETFs with a monthly contribution?

I am confused when it comes to ETFs. Many state that their main advantage is that they are low cost. I understand that they are traded as stocks. I want to invest my money in 3 index ETFs (USA, ...
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1answer
42 views

List of types of orders available at each brokerage firm [closed]

I use Merrill Edge but I find that the types of orders available to investors are quite limited. I would like to see the list of types of orders available for each major brokerage firms.
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37 views

Can I trade US securities from international non US broker?

I was wondering about what are the advantages/disadvantages of trading US stocks on the American Stock Exchange from a non US broker versus trading the same US stocks on a non US stock exchange from a ...
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4answers
164 views

Types of brokers for differing uses

I'm from the UK and want to make some long term investments in US stock. I also want to day / swing trade. So I've opened an account with tradestation which seems complicated to use and offers ...
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2answers
128 views

Where I can complain about my stock broker for invalid transaction done by system and putting negative ledger balance

Due to the system error, Angle Broking credited a mutual fund and debited my ledger which has zero balance in it. And for that negative balance they sold out my shares even I have complained about ...
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1answer
47 views

Option/stock trading account for uk resident on US markets [closed]

I want to trade US stock and options and was wondering if I should be looking for a broker based in the US vs a broker in the UK. This way I would transfer currency to dollar. Also I believe there are ...
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1answer
634 views

How to read “Change in Dividend Accruals”?

This is from an Interactive Brokers monthly statement. My question is, how much of the AUD 36.06 dividend was actually payed out to the account after tax? And how do I read the lower table with the ...
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2answers
198 views

How to check I own a stock not involving a broker

I want to check whether stocks I bought with my online broker are really mine. Obviously I can use my broker's desktop application, web-site, or go to their office and ask. The question is: "Is ...
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4answers
388 views

How to invest with broker that will still be around in 40 years?

I am fairly young (late twenties), but would like in invest in an index fund or ETF. I will be investing around 700 Euros per month and plan to do so for the next 40 years or so. What happens if I ...
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4answers
679 views

How I can convince bank to proceed with chargeback for the scam broker?

I've tried to call my UK's bank to explain my situation, but as soon they've heard it's about a scam trading company, they say the chargeback doesn't apply for trading accounts according to their ...
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2answers
496 views

Licensed and registered in Vanuatu, but not searchable

On the Topic Markets website we can find the following statement in the footer: LEGAL: Topic Markets Limited is licensed and registered in Vanuatu by the Vanuatu financial service commission under ...
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8answers
25k views

Is this broker a scam?

I was contacted by a 'broker' in January, they said they're based in Switzerland (I'm based in the UK), and they asked to invest some money (as minimum as $1000). They told me that my platform would ...
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1answer
1k views

I want to buy Tencent stock - whats the difference between 0700, TCEHY and NNND?

I'm a little lost here... I'm from the UK and my broker is only showing Tencent Holdings Ltd (DE). Why does Tencent Holding Ltd have so many ticker symbols: 0700, TCEHY and NNND?
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3answers
467 views

Market Order executed at higher price than market price

On the 9th of January, while the US markets were closed, I placed a market order on GPRO (nasdaq) The next day, I noticed that my order was executed at $6.10 at the market opening, 9:30am (ET) ...
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0answers
133 views

Which stock of Gazprom to buy while investing from France?

I would like to buy shares of Gazprom. I live in France My broker is Degiro From the search I see two options Gazprom ADR SP./2 RL 5L 5 in Euro Gazprom Neft in LSE in USD OGZD in LSE and USD Which ...
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261 views

Why companies appear in several stock exchanges?

Let's say I want to buy stocks of Sinopec which is a Chinese company. I would expect to buy it from HKS and in local currency. With the Degiro broker which is Dutch, I see "Sinopec Shangai Petrochem-H ...
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188 views

What does it really mean to buy a share?

When I buy a smartphone in a store, I buy it and it is mine. From that point on, apart from the guarantee they may offer, the store has nothing to do with it, the buy is finished and it is over. Is it ...
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1answer
93 views

Does Blackrock iShares know that I have bought their product?

Let's say I buy an iShares ETF, does Blackrock have this information or only my broker has this information? Is there a "customer service" or something that I can contact to ask a question? Are they ...
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3answers
2k views

What happens to my stocks when broker goes bankrupt?

Let's say I have bought many stocks, ETFs and other products through Degiro. If degiro closes, do I have "access" to my financial products? How? Can I sell them aftewards through another broker?
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1answer
72 views

Best place to live for news (spikes) trading?

What's the best place to live for news trading? Is it US because of the best news providers and most regulated brokers? Can I still trade 'spikes' even though I live somewhere else i.e. Australia - ...
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2answers
60 views

How to model fees from trades on online platforms?

So stock exchanges like super trade or options express have thresholds for the way they price trades on their platform. So for instance, say for less than 100 trades it costs $17 per trade, and then ...
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0answers
63 views

Witholding Tax Payment

I am involved in trade that is coming to a close, yet the broker has requested for me to pay 5% for the withholding tax, which will be refunded later. Is this normal practice? note: Broker in ...
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1answer
284 views

Buying cryptocurrency for a friend at exchange

Registering and buying currency (bitcoin) at an exchange is not a smooth experience for most. If I am registered at an exchange, can I buy for people (friends and family)? I think it might involve ...
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1answer
2k views

Does Robinhood calculate fees and taxes over the total gain/loss or per-transaction?

Suppose a person is using Robinhood app for stock trading. He puts $10000. His current portfolio value is $9500 meaning he has suffered an overall loss of $500. He did stock trading say 50 times out ...
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0answers
21 views

Any DTC Registered Brokers for Indian trying to exchange restricted units to ordinary shares?

I am an ex-Broadcom (BRCM) employee laid off during 2014 Aug before it is sold to another company Avago. During my tenure at that company I received some RSU s which were converted to restricted units ...
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1answer
75 views

Which market orders to meet this recommendation : 'Take a position on the purchase of the fooBar share, protect your capital by placing a stop'

I'm just getting started in the process of learning how to trade. I just wanted to know how should I interprete the following sentence : "Active investors will take a position on the SYNERGY share ...
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1answer
45 views

Can ECN OctaFx broker (with floating spread) charge spread more than it is shown on the screen in case of high volatility?

I sold 10 lots while the market was going up (and continued going up for 5 mins), the spread was 1.6 as shown on the screen, however the broker charged me for 13 pips of spread instead, even though ...
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1answer
1k views

Why do Dealers/Brokers hold Inventory in Stocks?

Well to be more specific, why do dealers/brokers hold inventory in stocks for longer than normal periods of time (for example the dealer/broker might hold inventory overnight or over the weekend). ...
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2answers
260 views

Diversify across multiple brokers?

Right now my brokerage account has a non-trivial fraction of my total assets. It's all in a single account with Interactive Brokers. I know in theory customer funds and assets are ring-fenced, but ...
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2answers
175 views

How does my broker (optionsXpress) calculate probabilities that the stock will hit a certain price?

My broker, optionsXpress, shows the probability that the stock will touch a certain price (or end up above it) by a certain date. How do they calculate this?
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3answers
146 views

Opening a Roth IRA — How to choose a broker?

I'd like to open my first Roth IRA (I'm a student so I'll definitely never be in this low of a tax bracket again). However, I'm not sure which broker (or mutual fund company) to open it with. What ...
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2answers
152 views

Who should pay taxes in my typical case?

I'm currently 17 and will be turning 18 in a month. I made money by freelancing and paid taxes in my name. However, when I wanted to invest in the stock market, I couldn't have an account in my name ...
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2answers
137 views

Can you sell a security through a different broker from which it was purchased?

When I buy a security through a discount broker; is it (perhaps only in theory) possible to sell the security through a different broker? Perhaps the answer differs by broker, or products at various ...
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2answers
236 views

How can someone own only a part of a share of stock? Are the rights any different with a fractional share?

A friend told me, he is able to buy parts of a share. So he does not buy one or two shared but one and 1/5 of a share (1.20). Is this a benefit from the digital age? Because in the past, when shares ...
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1answer
1k views

Can I sell my stocks for less by transferring them to another brokerage?

I would like to sell approximately $35000 in stocks currently held at Edward Jones. My total portfolio is approx. 1.5 million. Edward Jones will charge me 1% of the sale. Would it make sense to ...
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2answers
2k views

Confirming that stocks are listed under my name

I'm new to stocks. Say that I buy a piece of stock through my broker. If I understand correctly, it's listed in the stock exchange as being owned by my broker, with my name listed under "street name", ...
6
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1answer
585 views

What dictates the costs of creating an options contract? (Commissions breakdown)

What are the exact components of options commissions? In other asset classes like stocks, I can clearly see the evolution of regulatory changes that allowed businesses to compete on the price of ...
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0answers
87 views

Does the Volcker Rule apply to brokerage firms?

The Volcker Rule states that it: prohibits any banking entity from engaging in proprietary trading or from acquiring or retaining an ownership interest in, sponsoring, or having certain ...
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3answers
121 views

Shorting Stocks And Margin Account Minimum

As I understand in order to put in a short order, one must have at least 150% of the trade value in their trading account. For example, if I were to short 200 shares of a stock which is currently ...
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1answer
1k views

What is a securities license?

I need to fill in a form. It says on it: "This form asks that you list any and all securities licenses you currently hold and/or previously held." What is a "securities license"?