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

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1answer
63 views

Settlement timing when buying/selling mutual funds

Schwab tells me that Money Market and all of their Mutual Funds settle at T+1. Suppose I have $1000 in a Money Market and I wish to buy $1000 in an SP500 index Mutual Fund. I issue a sell order for ...
-3
votes
1answer
204 views

Robinhood App Cons [closed]

With a no commission service app like Robinhood, why would anyone pay commision for other brokerage services? It seems too good to be true so what are the disadvantages of investing with this app?
5
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1answer
387 views

Exchange Roth IRA mutual fund to Roth brokerage account

Will I incur taxes for exchanging funds in a Roth IRA mutual fund (Vanguard) for a Roth IRA brokerage account?
0
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0answers
34 views

For what purpose do online brokers allow LBOs?

I read an article on "Leverage buy out" in stock trading. The article said that the investor/speculator only pays a portion of what he's supposed to pay for his stocks (or money in the case of forex, ....
3
votes
1answer
44 views

What recourse does FINRA provide?

I am contemplating bringing a complaint against a brokerage regarding an order in good standing that was not processed correctly. If FINRA does find against the broker, other than fines/sanctions, ...
0
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3answers
196 views

Why does it take 5-7 business days to transfer a brokerage account from Fidelity to Vanguard?

I was looking at the status of a transfer of a brokerage account from Fidelity to Vanguard, and read that it is estimated to take 5-7 business days: Why does it take 5-7 business days to transfer a ...
0
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0answers
35 views

How to transfer common stocks from a broker in France to a broker in the United States?

I have some stocks in a brokerage account in France. How can I move them to a brokerage account based in the United States?
2
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2answers
57 views

How do trading platform like TD-AmeriTrade or Fidelity work?

When an individual places a trade on an online brokerage, is it against their order book or is it against the order books of exchanges like NYSE? Do brokerages warehouse some risk when making markets? ...
1
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2answers
107 views

Two Margin Accounts

Both E*Trade and TD Ameritrade have a policy that says an investor cannot have two margin accounts with them. He can have two or more cash accounts. Neither firm could tell me why they have this ...
0
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1answer
39 views

Received Excess Distribution from IRA how to reflect in Taxes

How to reflect excess distribution I received from regular IRA account (brokerage). I rolled over 30K from one IRA to brokerage IRA (within same bank) I contributed $5500 to brokerage IRA (late March ...
5
votes
1answer
59 views

Are DRIPs subject to a settlement period?

Are DRIPs subject to a settlement period (e.g. T+2)? Does the answer depend on whether the dividend reinvestment accounts for complete shares vs only fractional shares? Are there any time ...
-9
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5answers
249 views

My banks and brokers want to stop sending me paper statements, leaving me only electronic statements. How can I leverage this? [closed]

More and more, my banks, credit card issuers, investment brokerages, and other financial vendors are asking me to let them stop sending their statements in paper form. This will leave me with only ...
0
votes
2answers
133 views

How can I buy options for foreign stock indices?

I'm a frequent trader of SPYW, and I'm interested in learning how I can get my hands on something similar for foreign exchanges like SHCOMP and JPX. Can that be done with American brokers?
3
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4answers
741 views

FDIC vs SIPC: Are they the same?

Before posting this question I did read Is SIPC coverage on cash as strong as FDIC?, but the answer did not seem to make much sense/lacked many answers to help clarify for me. I was doing some ...
0
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0answers
39 views

Where should I submit W8BEN from in india?

I am from India. I try to open a broker account, but they are asking me to fill the W8BEN form. I do not understand where to submit after filling this form. Please suggest me.
3
votes
1answer
127 views

How do I pick the right company for investing services?

I am looking to move forward with my life and get my finances on track/be financially responsible. Part of that plan has me wanting to start looking at investing and other means to help grow my ...
1
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2answers
103 views

Are institutions like UBS limited in what they can buy, does that put the investor at a disadvantage?

I try to help with the finances of family members to make sure they are making wise decisions. I have a family member that is invested with UBS, and they have a financial advisor there that they have ...
4
votes
1answer
104 views

Why might a brokerage firm stop offering a particular ETF commission free?

I have been happily buying units of IVV commission free via TD Ameritrade. They just revised their list of free ETFs and sadly IVV is not one of them. Most of the other institutions don't offer it ...
1
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0answers
58 views

What are the costs associated with the buying and selling of US Stocks for a UK Citizen?

So far from my research I have estimated costs, ignoring fluctuations in foreign currency exchange, for a trade profit of < $9,000, held for less than 1 year as: US capital gains tax 10% of profit ...
5
votes
1answer
248 views

Recover long lost shares held by brokerage that got acquired

I am a UK citizen and had a brokerage account with suretrade.com in 2001, with a number of positions in NASDAQ traded companies which today would be worth a few thousand USD for the companies still ...
4
votes
4answers
505 views

Am I scammed by this company?

I'd like to ask for a bit of help. In a bad moment I put a good amount of money into a supposedly broker firm. Now we are in a situation where it happens my shares are preferred shares and they can't ...
1
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2answers
96 views

Make disbursements from brokerage account

I am thinking of opening a brokerage account for the first time and wondering how I can do disbursements from it for large purchases, like a car, for example. I do not plan on getting checking for the ...
-2
votes
1answer
139 views

Penny Stock Dabbler [closed]

I'm a small penny stock investor. Is there anyway I can avoid losing 6-10% per trade? My current investment house has will be taking a 5% hit quarterly if left untouched.
2
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1answer
151 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 ...
4
votes
1answer
79 views

Money-market or cash-type ETFs for foreigners with U.S brokerage account

Non-US investors who have cash in their U.S brokerage accounts, say Interactive Brokers, will be subjected to U.S estate tax. What are some securities, ETFs that are close to cash that these foreign ...
1
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1answer
102 views

Is U.S estate tax applicable to joint brokerage account of non-US citizens if one party dies?

This person has a joint account in Interactive Brokers with his wife. The couple are not U.S citizens. Suppose the husband passes away suddenly without warning. Is the joint account subjected to U.S ...
0
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0answers
94 views

Are these brokerage fees reasonable?

When I am investing 1000 euro to buy a share the bank is charging me for 7.43 euros as brokerage fees. Is it good compared to other brokers?
16
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2answers
2k views

Why do 1099 forms take so long for brokerages to prepare and send out?

I generally have my taxes done by mid January when my W-2 becomes available, but I'm often stuck waiting as long as another month before I can file because I'm waiting for my brokerages to send me my ...
4
votes
1answer
2k views

How do brokerage firms make money?

I know that this question has been hinted at on other open question sites like Quora but I have yet to find anyone who lists all of the points in one place. I understand that firms make money by: ...
3
votes
1answer
96 views

I trade options in the U.S. using Schwab. How could my wife do the same in Canada?

I'm an American, married to a Canadian. We split time living in both countries. I trade options and have a stock portfolio using Schwab. My wife would also like to have a similar portfolio of stocks ...
7
votes
2answers
469 views

What are the effects of Ameriprise moving my mutual funds to a brokerage account?

I have some long-held accounts at Ameriprise (currently branded as Columbia mutual funds). I just received a letter dated Nov-1 which starts thus: As a client of Ameriprise Financial Services, Inc.,...
1
vote
1answer
73 views

To park cash and have no risk of losing principal, how can I achieve in my IRA or brokerage a counterpart of a bank-like savings account?

I have $50k+ in my personal (taxable) and $50k+ in my retirement accounts. If I am conservative - I use a CapitalOne360 savings account (that in Sep 2016 yields 0.75%). For my cash in IRA (...
3
votes
2answers
134 views

Contract notes in India: Benefits for delivery trades?

Suppose I buy equity in an Indian online brokerage on delivery basis (not day trading), intending to hold the equity for extended periods of time. What is the benefit of asking and paying extra for a ...
2
votes
1answer
23 views

Have brokerage and DEMAT account in separate places in India

Can I have brokerage and DEMAT accounts in two separate institutions - or do they have to be in the same institutions? For example, can I have a brokerage account at zerodha.com and a DEMAT account ...
0
votes
3answers
89 views

Is a 40-50% Brokerage Fee Reasonable for Items Shipped Across the Border?

Recently I had a package shipped by UPS. When the man came he said I owed $49 in brokerage fees, almost HALF of the total value of the $100 item. Is it reasonable to charge this much?
4
votes
1answer
538 views

Bank money market account vs. Brokerage money market fund

I would like to ask about the differences between BMM's and Brokerage money market funds (besides one being an account and the other being a fund). What are the pro's and con's of one and the other? I ...
8
votes
2answers
17k views

Where does the money go when I buy stocks?

Let's say I spent 10k and bought some shares of stock A, where does the cash 10k go? Does it go to the stock broker and then the stock broker gives the money to the company of the stock A?
0
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2answers
617 views

When you transfer stock from one broker to another, is cost basis sent to the new broker?

When you transfer stock from one broker to another, is cost basis sent to the new broker? Here is my case: I want to transfer some vested shares from Schwab EAC to plain old Schwab. Schwab EAC is ...
1
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0answers
82 views

UK citizen trading in USA?

I am a UK citizen and have worked in the US in the past on work visa. I am back in the UK now but want to start investing in the US stock market. I have a valid SSN and a US back account. Are there ...
-1
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2answers
347 views

Best buying price on stock marketing based on market depth detail (CSE atrad tool)

I'm willing to buy some stocks from specific holdings. And on the trading tool there is a portion shows bid and ask list. Here I attached the screen shot of the window. What is the side (bid / buy) ...
2
votes
0answers
399 views

How to transfer Brokerage Account from USA to Canada?

I am a new permanent resident in Canada (Venezuelan citizen). Since several years ago I have brokerage accounts in the US (in OptionsExpress). OptionsExpress doesn't serve Canadian residents, so I ...
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votes
1answer
136 views

Do those who invest large amounts of money in stocks pay typical brokerage commissions?

I actually invested $2000 in stocks, and paid brokerage fees of 0.5% to the broker on both sides (buy & bell) or approximately $22.50 ($10 + $12.50 in commissions after a gain of $500). So my ...
11
votes
5answers
3k views

Why can Robin Hood offer trading without commissions?

I was wondering why the startup Robin Hood can offer free stock trading, while other online stock brokers ask commissions. How is it possible that this is the first initiative that offers this kind of ...
-1
votes
1answer
144 views

Which brokerages offer the best streaming quotes (tick level) for the best price? [closed]

In my aim to find quality streaming quotes I've been shopping around for them when I found this stack exchange site dedicated to money. Here's what I've found so far in looking for to-the-tick ...
2
votes
3answers
3k views

How does a brokerage firm work?

I'm new to finance, thus please fix me if i misunderstand something. As far as i know, one can get an account on a brokerage firm, and have ability to trade on multiple exchanges. Good use case for ...
0
votes
1answer
137 views

I need to open a brokerage account in the US from AUSTRALIA

Does anyone know if I may be able to open a brokerage account in the united states but living in Australia, to use in trading.
1
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3answers
127 views

Free brokerage vs paid - pros and cons

I currently have 30 free trades per month with a brokerage firm due to my account balances at their banking arm. I will typically trade a few shares of various companies in very small dollar amounts. ...
3
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4answers
16k 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?
1
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1answer
749 views

Does investing in index funds on a monthly basis involve brokerage fees?

Let's say i want to invest in some index funds, and i know which ones to go for. Let's say i can also make the initial required minimum investment. My question is, will an automatic investment plan ...
0
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0answers
135 views

Transfer shares to avoid brokerage fees

I like Fidelity better than Vanguard in regards to web interface and customer service. Vanguard has better funds for the way I wish to invest. Since I plan to invest in a dollar/cost averaging manner ...