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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Finding brokers to invest in US index funds that support iraq

I live in iraq and i would like to invest in US index funds.looking at the popular brokers like robinhood and vanguard they state that they don't support investing from my country.Googling for iraqi ...
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How can brokers profit from spread? [duplicate]

How can brokers profit from spread? Isn’t market makers that profit from spread? And also how do brokers profit from OTC gain? How does that exactly work?
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What are the tax consequences of loaning securities to one's broker aside from the dividends being paid as payment-in-lieu taxed as income?

I'm trying to understand the tax consequences of loaning securities to one's broker in the United States: The dividends of the loaned security are being paid as payment-in-lieu, which is taxed as ...
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Do I need to declare all my citizenships to my broker or bank?

Do I need to declare all my citizenships to my broker or bank? This is a follow up question https://law.stackexchange.com/questions/75069/can-one-of-my-citizenships-cause-problems-with-investing
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Do American brokers and banks report client information (account size, balance, yearly profit) to client's country?

Do American brokers and banks report client information (account size, balance, yearly profit) to client's country? Question is ONLY for NON-US citizens. Client's country refers to Where client lives....
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If someone makes a mistake and sells their shares for 1c, who buys them?

Assume the market price is $100. Does the person with a limit buy at 1 cent get filled, or does the person with a market order get filled at a discount. Or is there some sort of safeguard? What would ...
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Investing in funds via broker, funds in brokers name not mine

As the question states. I am considering investing in funds via a local broker who has quite a good reputation. It was pointed out to me that the funds, eg. BlackRock, would have no record of my name. ...
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Today, can one buy stocks in a stock exchange market without being a registered member of that market?

Stock exchange markets are not my expertise and I don't know all the markets in the world (let along the history of generally any one of these markets), but all those I know do require registered ...
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Who is the seller when buying shares directly from a transfer agent instead of a broker?

Recently I have been hearing a lot about the Direct Register Service (DRS) and how you can buy stocks directly from a transfer agent, instead of going through a broker and the DTCC. If you purchase ...
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Is my investment safe if the broker/bank I'm using goes into insolvency?

I'm using Scalable Capital as my broker. Once I buy ETFs through them, if Scalable Capital (or the bank they are partnered with) goes into insolvency, is my investment safe? I'm wondering if I should ...
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What is a "Broker's Broker Trade" in the US municipal bond market?

I was looking at the historical trades of a municipal bond using the Municipal Securities Rulemaking Board (MSRB) Electronic Municipal Market Access (EMMA) website: Notice that the first row in the ...
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When I send money to fund my account, what obliges a broker to put it in my account?

When I send money to fund my brokerage account, I send the money to a bank account which I can't know if it's personal or business. What obliges a broker (which we deal with him on the basis of trust ...
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Are there any studies on the success of day traders? [closed]

If you know about any published research paper on trade accuracy or from broker perspective that what percentage of clients are profitable in day trading.
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Riskless Principal - how does it work?

I've read the Investopedia article on Riskless Principal and my understanding is that a broker/dealer gets an order from a client of buy or sell a security at say 10. Then at the same time the broker ...
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Must I to pay a 2% commission if I invest in a mutual fund via an online broker?

If I invest in mutual funds via one of the online brokers; such as Interactive Brokers, Fidelity, Vanguard, etc.; do I need to pay a 2% commission to the exchange in which the shares are bought? If so,...
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Is thomastradingservices legit? [duplicate]

I have invested in a company called thomastradingservices (link removed) and got profit. Now to withdraw they say I need to buy bitcoin worth 20% of the profit and send it to their wallet to receive ...
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Trade stocks for stocks without involving cash [closed]

As I'm trading stocks, most of my transactions are selling stocks that have gains and immediately investing in other stocks. I wonder why there isn't a platform that allows you to just trade stock for ...
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Sell stock without a full broker account

I have a few stocks from a public company. I got them after a startup I worked in got acquired by this public company. So now I have an account on AST Financials, and my stocks are in their books (I ...
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If I wish to vote for a company's special meeting, should I vote via all brokers, or does voting via one broker suffice?

I own some shares in the company that will hold a "special meeting", for which shareholders have the option to cast their vote for. My shares are spread across several brokers: each of them ...
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DEGIRO: Is Debit Money better than an MMF-ETF short for leveraging?

I was looking into the options of leveraging my main index fund by a certain amount and was recommended to use Degiro's inhouse credit product "Debit Money". Current annual cost: 1.25% pa ...
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How did my 4 Tesla shares turn into 12 shares?

I bought 4 shares of Tesla on 3 separate occasions (between October 2019 and September 2020) and recently became aware that my brokerage account lists 12 shares rather than 4. So, my cost basis is $...
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Why don't brokers take money today for pending buy orders?

It was in the news recently that RobinHood had to prohibit some customer orders due to a lack of liquidity. The explanation was that because brokers like RobinHood take orders today which are ...
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Why are there SEC net capital requirements for brokers?

This explains that the net capital rule is for the "ability of broker-dealers to meet their financial obligations to customers and other creditors." My understanding, however, is that client ...
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How is settlement risk shared between exchange, clearing broker, and clearing house?

As I understand it a trade works as follows. A buys from B on an exchange. Instead of a direct exchange, A and B report the trade to their clearing brokers. The clearing brokers then submit the trades ...
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If I loan securities to my broker, can this turn long-term capital gains/losses into short-term capital gains/losses?

E.g., if I purchase stock A on 2020-10-30, loan it to my broker from 2021-02-01 to 2021-11-20 and sold it on 2021-12-01 making a capital gain of X USD, will that count as long-term or short-term ...
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How can stockbrokers be so cheap in the U.S.?

How do stockbrokers in the U.S. manage to be so cheap? In Germany, I know a few brokers but at most of them, the cost of an order is over 5€ (approx. 6$) every time. In the states, you have brokers ...
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can I trade stocks in IEX with Interactive brokers?

I have accounts in a couple brokerages. I trade stocks just fine, however I miss any good understanding of some fundamentals, and how things work under the hood. I'm confused about stocks being traded ...
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Is there completely free options broker? [closed]

I'm looking for cheapest options broker available, and stumbled across Firstrade. They don't charge commission or fee, but unfortunately they collect SEC Fee and Options Regulatory Fee when selling or ...
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Are the shares that I own via my broker under my name?

Are shares under my name if I purchased them via my broker? What if my broker goes out of business? That should have no effect on my shares because I own those shares. They are already bought and paid ...
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Why do real estate agents always ask me whether I am buying property to live-in or as an investment?

Trying to buy a house. Along with -- what is the maximum you are willing to pay -- this is the most frequent question. Why do they care whether I will live in it or rent it out? The two are not ...
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6 votes
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Invest in Vanguard Index Funds (from Germany)

I am planning to invest in Vanguard Index Funds while living/working in Germany, but only interested in specific ones (see below). But I cannot seem to find them via brokers that I usually do my ...
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Is the stereotype of a businessman shouting "SELL!" and "BUY!" into a telephone in any way attached to reality?

In numerous cartoons and whatnot, you see a rich businessman shouting "BUY!" or "SELL!" into a telephone. Sometimes, it's just that, and sometimes, they may shout the slightly more ...
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Fractional shares [duplicate]

Some brokers offer fractional shares. So when i buy half share of stock (0.5) whose buy the rest half of share because in stock exchanges(e.g. nyse,nasdaq,bats) you can only exchange whole shares.
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What is the difference between payment for order flow and ECN rebates?

In both payment for order flow and ECN rebates, one gets paid for providing liquidity. What is the difference between payment for order flow and ECN rebates? Are ECN rebates a type of payment for ...
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How are remisiers in Malaysia and Singapore different from stock brokers in other countries?

In Singapore and Malaysia, some (most?) investors buy stocks through a "remisier". Remisiers are apparently special enough to get their own Wikipedia page: A remisier (also known as a ...
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I placed trade with Broker and it was not executed even though price fell 55 cent below what I asked

I placed a trade for stock XYZ with broker 123 from bank ABC (which is part of SIPC) This was BUY trade for $100. Stock for XYZ went down to $99.45 and closed at $99.80. Trade was never executed. I ...
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How are retail forex brokers different from betting shops?

I'm struggling to find differences between bookmakers and retail forex brokers (e.g. OANDA). The former deals with horse racing, greyhound racing and sports, while the latter deals with currency ...
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Is this company claiming to be a broker a Scam?

I am very new to trading, so please take it easy with me. Recently I was searching online and doing independent research and met a new friend who recommended https://fortistrad.com/en/ for me. I ...
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Does PDT transfer with you when you switch brokerages?

Robinhood classified me as a Pattern Day Trader (PDT). If I switch to TD Ameritrade, will my 90 day ban follow me? Worried that if I make a trade with TD Ameritrade then I try to sell it will ...
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Brokers and Negative Balance Protection

I'm a bit confused about the Negative Balance Protection offered by many brokers, specially when they allow leverage, and a lot of leverage (common in brokers with CFDs). How are they protecting ...
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What is a free or cheap Broker with Trading Software [closed]

I am fairly new to trading. Recently I watched some videos after joining Robinhood and I realized that Robinhood is fairly limited. I am looking for a broker company and software that allows me to do ...
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2 votes
1 answer
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Broker Reversed a Sell That Filled

I had a market sell order that went through last Friday morning, 06/05/2020 at 11 am. It has an Order Id, Security ID, and CUSIP ID. Today the broker removed it from my account and took the money ...
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Stocks broker compensation upon error

I have a stock plan from my employer, which includes RSU vesting on certain dates through E-trade's services. Currently, E-trade has technical issues, which are preventing me (and some other employees ...
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24 votes
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What does Benjamin Graham mean by "Those who speculate make money for their brokers"?

In The Intelligent Investor, page 36, Zwieg, who is writing the commentary, states "those who invest make money for themselves. Those who speculate make money for their brokers." Why is it the case ...
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How safe are those online brokers and what to look for?

I am relatively new to the investment world. I know enough about economics & finance and I have bought & sold government bonds through my bank before. I am moving to a new country (Germany) ...
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Trying to understand what trading costs actually are in funds and ETFs

I'm trying to understand what the trading costs are in ETFs and funds. Is the explanation below correct? ETFs have trading costs because they trade almost like stocks, so you need to go through a ...
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Calculating the price of oil

So I've seen a lot of questions about the oil crisis, but what I still didn't figure out is how the broker (providing you the ability to buy commodities) calculates their prices in respect to ...
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Maximize trading commission bonus

As a new client of a broker I'm given $300 of free commission on trading (basically on everything: stocks, options, futures etc). Is there a way to capitalize this bonus by creating some combination ...
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How to show currency of stock in Interactive Brokers

I am using Client Portal in Interactive Brokers. I can see the price for an instrument (stock or etf). Where can I see the currency and prospectus/documents for the instruments?
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Should I worry that an online broker I buy securities from might not be in business when I want to sell them?

I would like to buy ETFs via an online broker in Denmark that is not affiliated with the bank that manages my regular deposit. Is there a possibility that this broker might not be in in business ...
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