Questions tagged [brokerage]

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

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Can margin interest be added to a debit balance beyond 50% equity?

I carry a margin balance and I am always trying to plan ahead for the worst-case scenarios… If I get below 50% equity in my mutual fund brokerage account because of market fluctuation and a margin ...
Chuck2289's user avatar
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IBKR T&S FINRA on exchange

I've opened the T&S table in IBKR and I've seen in the "Exchange" column a lot of entries with the name "FINRA". I've googled what it is and it stands for Financial Industry ...
David's user avatar
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Is Limit Order classified as Trading rather than Investing?

I had a question, and a Scholar has commented below. Sounds like you're trading rather than investing. Good luck; you're going to need it So my questions are below( despite my very long and monetary ...
puzzled's user avatar
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Finding CRD Number for Brokerage

In order to file a complaint with FINRA, there's some identification numbers they ask for. They ask for "SEC#" and/or "CRD#". CRD stands for Central Registration Depository. ...
Dale's user avatar
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2 answers
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No Cost ETF - Is there a trap here

I have noticed that Fidelity has some no cost ETFs. That is, they do not charge a management fee. I have bought some Vanguard ETFs because they have a very low management fee. I consider both Fidelity ...
Bob's user avatar
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IBKR Trading Commissions for US stocks

I have a question regarding the commission for US stocks for IBKR pro (tiered and fixed). My first question is, what is the difference between tiered and fixed and how do you choose between the two ...
David's user avatar
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Does IBKR require a minimum account balance in order to trade with your own cash (without margin account)?

I don't have a margin account. I have a normal cash account and I have about 700 EUR in it. When I place a limit order to buy, I get this error message: As mentioned, I don't have a margin account. ...
David's user avatar
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1 answer
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Does IBKR offer free real time time and series data?

I wanted to ask if IBKR offers free real time time and series data. I didn't subscribe to market data yet, I only have the default IBKR PRO account with not added subscribtions and I've looked at the ...
David's user avatar
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What is the difference for an end user between a US bank account, and a US brokerage account that only stores the money in "cash"?

A common response to my questions is "why exactly do you need to know this". So I'll start by saying that I am a US expat with money in the US. Recently, many banks started requiring 2FA ...
HanMah's user avatar
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2 votes
3 answers
1k views

Brokerage account vs Roth IRA

In a Roth IRA I can purchase up to $6500 dollars of funds per year. What would the difference be if I had a brokerage account and purchased the same funds? With a brokerage account I wouldn't have the ...
Rich's user avatar
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Do CFD brokers ban profitable clients from trading on their platform, since these clients make them lose money?

Many CFD brokers make money from trading against their clients and profitable clients make them lose money. This is similar to how casinos operate. Casinos ban profitable customers. Do CFD brokers do ...
curious's user avatar
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4 votes
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Vanguard legacy mutual fund account held shares of the same fund that's used for brokerage sweep accounts. Now what?

Vanguard announced new annual fees on legacy mutual-fund-only accounts to start September 1, 2023, so this convinced me at long last to transition all my Vanguard legacy accounts to brokerage accounts,...
MTA's user avatar
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How are lots with partial shares handled when transferring a position between brokerages?

When doing an in-kind transfer of a position between two brokerages, how are lots with partial shares (from dividend reinvestment) handled? For example, if I owned 513.7696 shares of XYZ that were ...
user2676699's user avatar
1 vote
1 answer
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Recently my mother died - how to handle her living trust account

Mary Smith (a fictional person) dies with several brokerage accounts and a living revocable trust. The trust has several brokerage accounts also. The name of the trust is Smith Living Trust. Now, ...
Bob's user avatar
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2 votes
3 answers
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Can stockbroker employee spy/track and copy positions of a performant custmer portfolio

Since a stockbroker can track and sort the best portfolios of its customers. Can a employee of a stockbroker spy/track and copy positions of a performant customer portfolio legally? Thanks
TGI's user avatar
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Whose balance sheet is relevant to gauge the risk that I lose my shares in case of financial bankruptices?

If there is a financial crisis in the future; whose balance sheet is relevant to assess the risk that I lose my shares in case of bankruptcies of financial institutions? I assume it is the balance ...
Mikke Mus's user avatar
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Is it possible to move cash from TD Ameritrade to Interactive Brokers?

If I have cash to move, do I have to use a bank account between my brokerage accounts or it it possible to move cash from TD Ameritrade to Interactive Brokers?
user122716's user avatar
1 vote
2 answers
120 views

Short selling options, can brokerage force seller to buy back the options

In case if I short sell ETF or stocks, brokerage can ask short seller to cover the position even if the user is paying interest and is within margin limit. With this question, I want to know in case ...
puzzled's user avatar
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Is it possible to hold stock certificates directly without any counterparty risk whatsoever?

I would like to invest in stocks of various companies, however I am deeply concerned with the counter-party risk that the institution which holds the assets on my behalf carries (e.g., a bank or a ...
user avatar
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201 views

Why wouldn't a broker let a retail investor choose the order type when purchasing Treasury bills via auctions?

When purchasing US Treasury bills via auctions with Charles Schwab, one cannot choose the order type: it has to be a market order, as shown below. As a result, one receives the following warning: ...
Franck Dernoncourt's user avatar
5 votes
3 answers
352 views

Most cost effective way to realize profits?

Selling a security at a loss is subject to wash sale rules in the US, but selling a security at a gain is not. While they are rare, there are a few situations in which an investor might want to ...
Person's user avatar
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2 answers
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Why would a financial services company force their customers to link their checking accounts to an existing or new brokerage account?

I read on page to create a new checking account at Charles Schwab Corporation in the US: Your new checking account will be linked to one Schwab individual brokerage account. You can open a new ...
Franck Dernoncourt's user avatar
1 vote
1 answer
152 views

How can unvested assets land in one's Self-Directed Brokerage 401(k) account?

I read in a US-based employer-sponsored 401(k) plan managed by Vanguard the following warning while attempting to change the contribution allocation: All Sources: Your plan has restrictions on having ...
Franck Dernoncourt's user avatar
4 votes
1 answer
232 views

Is it legal for a stock broker to use client's idle money to generate interest and enjoy the benefit without sharing it with its clients?

I read an "investment report" about an online US stock broker, saying that the broker can gain extra earnings from clients' idle money interest without sharing the interest with its clients. ...
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1 answer
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Do I have any tax liability for distributions occuring between date of death and transfer of brokerage assets to me?

Due to death of a relative (death during the summer of 2021) I have inherited a non-retirement brokerage account, consisting of various common stocks and mutual fund shares, and also some settled cash ...
311411's user avatar
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Are Transaction/Order/Trade ID/Numbers attached to the trade of a security sensitive information?

Some brokerages display some Transaction/Order/Trade ID/Numbers that identifies or qualified a trade of a security (e.g., the purchase of some stock): is that sensitive information? Example on TD ...
Franck Dernoncourt's user avatar
2 votes
0 answers
61 views

What happens to a custodial brokerage account when child reaches the age of majority?

My children have custodial brokerage accounts in their names. When they reach the age of majority in our state will the account change from a custodial account to a standard brokerage account or will ...
javold's user avatar
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3 votes
0 answers
68 views

Why don't US "zero commission" stock brokerages allow buying of OTC stocks?

I have noticed that many "zero commission" US stock brokerages either do not allow trading in OTC stocks, or otherwise charge a commission to do so. For example, Robinhood has a very limited ...
Flux's user avatar
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Why don’t broker-dealers borrow against their clients’ stock holdings instead of lending them?

From what I understand, a common business line of brokerages is lending out the shares of their clients while they are sitting idly in their accounts. Average borrow rates of blue-chips are around 0....
actinidia's user avatar
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1 answer
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A Living Trust, and Individual account and SPIC

Please consider an investor who has 400K in stocks in an individual account at a brokerage firm. He also has a living revocable trust which also has an account at the same brokerage firm. The value of ...
Bob's user avatar
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CFD for long term investing, but 1:1 leverage, a trustworthy broker(no dealing desk) and no commission. Is it worth it?

So i have seen multiple treads about cfd for long term investing, I post a selection for those who could be interested: Is CFD a viable option for long-term trading? Are CFDs without leverage ...
Lorenzo's user avatar
1 vote
2 answers
215 views

Best practices for protecting retirement savings?

Let's say my nest egg is in ETFs in a taxable account and an IRA with the same brokerage. SIPC insurance may cover me "if the firm fails financially", and only up to $500,000. That is per ...
Ken - Enough about Monica's user avatar
1 vote
0 answers
74 views

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 ...
MOHAMMAD RASIM's user avatar
1 vote
0 answers
67 views

Family Member Broker - Managing Mother's Investment

My niece works for a securities firm as registered broker, (not CFP) - her mother, my sister, inherited a large sum of money and will be investing 100% of her funds with her daughters business. Is ...
Katherine's user avatar
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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?
Kmd's user avatar
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2 votes
1 answer
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What are the pros and cons of participating in a "Fully Paid Lending Income" program in IRA?

I am interested in lending my passive holdings for generating more income. Hopefully the risk is minimal. I see, for instance, two brokerages offering it. I am not asking any recommendation on ...
riya's user avatar
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0 votes
1 answer
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How Do I Trade With Margin On E*Trade?

I'm new to Margin altogether and need some help. Here are my numbers: Total Margin Requirements $0.00 Total Margin Equity $190.68 Adjusted SMA $205.34 Maintenance Excess ...
phantomx777's user avatar
1 vote
1 answer
84 views

Is it possible to invest on stocks/cryptos with having no Social Security Number in US?

I am on F-2(student dependent) visa in the US. I want to know if it is possible to have a brokerage account and invest online on stocks or cryptos? I do not have SSN nor ITIN and some brokerage like ...
user avatar
0 votes
1 answer
1k views

Understanding Account Balances On E*TRADE

I am brand new to E*TRADE and so far I love it, but the setup is a little different to what I'm used to. Could someone explain what the different balances mean? Here's what I'm seeing: Net Account ...
phantomx777's user avatar
1 vote
2 answers
66 views

Time for an ACH Transfer

Imagine an investor who has two accounts at the same broker. One is a living trust account and the other is an individual brokerage account. Now the investor wants to move money from one account to ...
Bob's user avatar
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2 votes
1 answer
250 views

Violating bank policy by not disclosing brokerage account and short selling

I live in U.S and work as a software developer (back office) at an investment bank. I don't have those series 63 license that needed to be registered with Finra, and my work is nothing at all ...
Ava's user avatar
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Wrong citizenship on my ETORO account

ETORO took my country of tax residency as my country of citizenship and this is not True. What should I do? Their customer support seems useless. Can I continue with it?
AliceRathbone's user avatar
1 vote
0 answers
86 views

Can one of my citizenships cause problems with investing?

As a citizen and resident of Mexico, American and European brokers are happy to take my business. But I'm also a citizen of Syria, which is sanctioned. While filling out account creation forms, I don'...
user113309's user avatar
2 votes
1 answer
161 views

Does shorting stock cause your account value to go up?

Does shorting stock cause your account value number to go up? Specifically for IB but most broker have a number that shows the total value of your account Stocks + cash + any other investment.
Lightsout's user avatar
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Does it matter on which exchange and which currency I buy ETF?

I am citizen of EU member state and using Interactive Brokers. I am in for a long time and let's say I am averse to euro, so I focus on US equity ETFs. As EU citizen, I have to buy their UCITS ...
rouen's user avatar
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0 votes
1 answer
528 views

Will US brokers accept me? I'm a citizen of Iran but a resident of Georgia

Any citizens of Iran here who can share their experience?
user113269's user avatar
18 votes
5 answers
6k views

Why does an online stock broker need to know information about my current salary?

I'm in the process of opening an account with TD Ameritrade, and they've asked for proof of employment that includes my current salary. Why would they need to know my current salary? Especially since ...
Allure's user avatar
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2 votes
1 answer
1k views

How to account for a stock spinoff in an investment account

I recently obtained shares of Sylvamo Corp (SLVM) as a result of a spinoff from International Paper (IP). In the transaction history of the containing brokerage account there was no intermediate ...
Computable's user avatar
1 vote
1 answer
81 views

Enrolling in securities lending program vs. converting position to a synthetic long stock

Some stock brokerages provide opportunities for their clients to earn some money by allowing the brokerage to lend out the client's shares to short sellers. Common names for these programs are: "...
Flux's user avatar
  • 17k
4 votes
1 answer
105 views

Status of US brokerage account of non-domiciled citizen

I have a brokerage account with Ameritrade (now owned by Schwab) that I’ve held for almost 25 years with almost all my savings there. Recently I left the US and have decided to settle in Spain. Can I ...
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