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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81 views

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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90 views

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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142 views

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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162 views

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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4answers
491 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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99 views

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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2answers
2k 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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707 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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48 views

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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50 views

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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1answer
221 views

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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1answer
370 views

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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7k views

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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1answer
158 views

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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314 views

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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128 views

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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4answers
558 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
98 views

Closing out an in-the-money equity option spreadtrade

I put on a debit weekly diagonal ITM put spread trade on stock A selling at $45 : I Buy back week put strike 55 sell front week put strike 50. I am assigned overnight and have to purchase 100 shares ...
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3answers
151 views

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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5answers
311 views

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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Can a CFD broker avoid paying?

Lets say you have some shares in your portafolio that you bought and the prices increased really high, can your broker decide not to pay you the difference once you closed your position because you ...
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3answers
3k views

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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2answers
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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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39 views

Where is my buy stop-limit order located?

Current stock price is $9 and I want to send in a buy limit order for $10.10 after price reaches $10.05? When I create and submit such order, how close to the exchange does it get before it stops ...
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1answer
67 views

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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6answers
6k views

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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2answers
2k views

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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2answers
480 views

Are there brokers or companies who trade Forex and make money for us on our investment? And do you think fxtradeinvestment is legit? [closed]

So I was looking for some extra income and think forex is a good way to earn a little extra money. I want to know whether there are companies or brokers who trade forex for us and pay us on our ...
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4answers
2k views

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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1answer
101 views

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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1answer
53 views

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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30 views

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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1answer
69 views

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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4answers
2k 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 ...
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1answer
1k views

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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1answer
1k views

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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1answer
66 views

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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1answer
97 views

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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2answers
221 views

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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6answers
8k views

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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2answers
840 views

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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4answers
27k 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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3answers
1k views

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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3answers
10k 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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38 views

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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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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1answer
134 views

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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2answers
4k views

Understanding the concepts of market maker and broker

Wikipedia says: A market maker is a company, or an individual, that quotes both a buy and a sell price in a financial instrument or commodity held in inventory, hoping to make a profit on the ...
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2answers
2k views

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 ...