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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1answer
1k 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
215 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 ...
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1answer
75 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 ...
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1answer
155 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 ...
4
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1answer
932 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 ...
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2answers
143 views

Can an online broker charge a fee just for registration, without any deposit?

Can any broker like TD, TradeKing, Schwab, etc, can charge me just because I have entered my details and open an account in their website? Even if I didn't deposit anything?
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2answers
300 views

Should I open an individual 401k account?

I am looking for some advice on what to do with the Money from a previous employer 401k. I currently have the checks that were issued to the trust of my new employer's 401k service. I have not sent ...
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2answers
765 views

What do brokerage firms do?

So in the past, before they had computers, I imagined brokerage was the fee given to a stock broker to give you advice on what stocks to buy, or to ring up and make a trade for you. But now ...
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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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1answer
10k views

Why does an online stock broker need to know information about my place of employment?

I am in the process of signing up for an account on OptionsHouse and it wants to know the name of the company I work for, as well as the address. Why do they need to know this information?
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1answer
429 views

Which USA Brokerage Firms can I transfer my India stocks to? [closed]

I would like to know which US brokerage firms I can transfer my India stocks to, after finding out my current brokerage (TD Ameritratde) requires doing so...
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4answers
4k views

How do I invest and buy/sell stocks? What does “use a broker” mean?

This is an embarrassingly basic question. I'm a college student and know very, very little about the world of investing and purchasing stocks. I realize that some Googling could find me the answer ...
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1answer
461 views

What are Binary Options?

What are binary options, what can they be traded on and what is the process in trading them? Also, are there any brokers in Australia who offer binary options?
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2answers
239 views

Which forex brokerage should I choose if I want to fund my account with over a million dollars? [closed]

I'm quite experienced with stock markets (mostly NYSE and NASDAQ in fact), over 85% of my wealth comes from it. In 2012 I would like to try the foreign exchange market, can you suggest any reliable ...
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1answer
195 views

If a brokerage commits fraud (by not separating customer funds), is there any SIPC protection?

Recent news on MF Global suggests the possibility that the brokerage firm did not segregate customer accounts. Suppose I have an account at MF Global and suppose they have failed to segregate my ...
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1answer
484 views

Is it possible to buy commodity ETFs (e.g. silver) through Questrade?

Is there a way to buy a silver ETF through Questrade? Or do they offer only mutual funds?
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3answers
1k views

How do you go about buying currency futures for foreign currencies?

I was interested in buying currency futures for some foreign currencies. How do you go about getting these? I am looking for 6 to 12 month futures.
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3answers
2k views

Scottrade cash interest?

I'm looking into opening a Scottrade account in the future, and was wondering if they pay interest on cash in your brokerage account? Are the rates published anywhere?
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1answer
551 views

Why the need for human brokers while there are computers?

In this day and age there are still human brokers on the trading floor. Computers are perfectly capable of negotiating a deal (buy/sell) in milliseconds when ordered to do so. So why are there still ...
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2answers
12k views

What is the difference between a 'trader' and a 'stockbroker'?

Are the two terms referring to the same person?
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3answers
559 views

Broker fees: Who gets the spread?

If one uses an online brokerage, or like my bank which offers me 100 free trades per year and I thus have no broker, who gets the spread?
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2answers
2k views

Do investors go long option contracts when they cannot cover the exercise of the options?

Consider I want to buy some american-style call options for a particular stock, and suppose this underlying stock 'XYZ' is valued at $100 a share. Suppose I go long (buy) 10 option contracts for XYZ ...
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4answers
579 views

How do I find a broker that is good at providing forex trading (i.e. foreign exchange / currency)?

How do I find a broker that is good at providing forex trading (i.e. foreign exchange / currency)? Where should I look to learn about what brokers have in terms of brokerage, leverage, and software ...
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8answers
2k views

No transaction fee ETF trades - what's the catch?

I just noticed TD Ameritrade has program where you can trade from a list of ETFs with zero fees. Sounds like it could save me a bit of money, but my cynical side wonders how they make money off such ...
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5answers
2k views

Where can I buy stocks if I only want to invest a little bit at a time, and not really be involved in trading?

(I'm like the guy asking that question "Shares; are they really only for the rich/investors?":) I would like to invest £50 (or $50) here and there from time to time. (I choose the companies I like.) ...
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3answers
2k views

Since many brokers disallow investors from shorting sub-$5 stocks, why don't all companies split their stock until it is sub-$5

Seems like a no-brainer? I guess if your security is not marginable, it can't be bought long on margin either, but I would also guess for most companies there are more margined shorts than margined ...
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2answers
7k views

Brokerage Fees for Covered Call Options

I have been doing some research and am thinking of selling a Covered Call on a stock I currently own and am planning on holding long term. I would like to make an Out-of-the-Money Covered Call (OTM CC)...
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2answers
449 views

Rules for Broker Behavior with Covered Calls

When selling covered calls, there are a couple of things a broker could do if the stock has a sharp increase. Here's an example: Buy Stock: $100 Sell Call $120@1month: $1 Two days later, the stock ...
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3answers
616 views

Stability of a Broker: What if your broker goes bankrupt? Could you lose equity in your account?

What exactly happens if a broker runs out of funds? Could you actually lose equity in your account? If so, what should you be examining when looking at the financial report of your broker?
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1answer
64 views

Fee structure when Opening Two Accounts with One Broker

I have a traditional IRA account that I want to move to a Interactive Brokers. I would also like to invest some non-IRA money with that same broker. However, there's a minimum balance and minimum ...
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1answer
1k views

What's the differences between a discount broker and a regular broker?

What are the differences between a discount broker and a regular broker? "Discount" implies a price difference... but why can they be cheaper than regular brokers??

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