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Questions tagged [brokerage]

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

4
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3answers
215 views

What's the point of checking and brokerage accounts being separate?

On Schwab, I have both a checking and a brokerage account. When I want to buy stock/ETFs, I have to transfer money from one to the other. I can just do this from a webpage, relatively instantly. What'...
43
votes
12answers
13k views

Is it a good idea to copy a trader when investing?

I constantly get bombarded with an etoro commercial on youtube about a feature where you can replicate someone else's trading activity in real time. More details here. You select another trader and ...
1
vote
1answer
59 views

How does a company redeem its preferred stock?

This question follows from: What does it mean for a company to redeem its preferred stock? If I own a preferred stock and the issuer chooses to exercise its right to call, how does the redemption ...
2
votes
2answers
113 views

How can I practically buy bonds?

A moderately low risk of investment is a government bond. If I understand correctly, I spend €1000 on a 5-year bond at a yield of 1%, then in 5 years I get back 1000*(1.01)**5=€1051.01, unless the ...
0
votes
3answers
97 views

Can stock brokerages be a publicly traded company themselves?

I searched it on the internets but it seems like it's so common knowledge that there are no articles or explanations about it. From a logical gut-feeling kind of guess, I would say no. Any ...
30
votes
9answers
9k views

How can a resident of the European Union (not from UK) practically buy stocks? [closed]

I'd like to buy a little amount (say, 5000 €) of stocks. I know it's risky, especially for an absolute beginner like me. Maybe you would like to persuade me to start with stuff such as such as mutual ...
1
vote
1answer
156 views

How do fraudulent brokerages make money except for commissions?

I just read about "rip-off" brokers that try to lure you in for a deposit with very high leverage and then cash in your deposit when you lose the money. But how does this work? If you lose all your ...
3
votes
1answer
132 views

Should one file 1040X to get extra $5 tax refund

After I finished my taxed in last week of March, I received a Updated 1099 with only one modification where 199a is modified from zero to $50 or so. Refund is about to come in a week. Initial values ...
2
votes
1answer
53 views

Tax implications of transferring directly-owned stock to a brokerage account?

I don't know all the proper terminology so I hope this is understandable. My father gave me a chunk of stock. The stock I now own is directly bought and handled through the company who's name is on ...
1
vote
2answers
117 views

Broker Didn't Invest the Roth Contribution in the Tax Year They Said They Did - Now We are Behind. What can we do?

The short story is: In the spring of 2016, we gave our broker a check to max out our Roth IRA contributions for the tax year of 2015 (check was written and cashed by the broker before April 15 in ...
2
votes
1answer
127 views

How does ownership in fractional shares work?

I've been trying to find out some more information about fractional shares, and how they work. I understand conceptually, you own x% of a share rather than x "full" shares, but I'm curious about how ...
2
votes
2answers
168 views

Downside of having multiple brokerage accounts?

I have around 4-5 long term objectives, that I would like to invest towards separately. I was planning on opening a separate brokerage account for each objective. The benefit would be that each ...
0
votes
1answer
54 views

Online Investing and Trading Cryptocurrencies, Equities and Options in U.S. Markets [closed]

Would you be so kind and tell me which brokerage services might have fastest website and features (e.g., "limit orders", "stop limit orders", etc.) for trading cryptocurrencies (e.g., from BTC to DOGE)...
0
votes
1answer
43 views

What is “Stock BP” in a brokerage account that's not trading on margin?

I saw that this question was answered on reddit here as well as a similar question was answered on this S.X here. But I wanted to confirm the meaning of a "Stock BP" amount if I'm not trading on ...
3
votes
1answer
91 views

How does a private entity FINRA have authority to impose fines

FINRA is a private entity per https://en.wikipedia.org/wiki/Financial_Industry_Regulatory_Authority and per http://www.finra.org/industry/disciplinary-actions and also otherwise its revenue comes from ...
2
votes
2answers
229 views

Does SIPC protection apply if a brokerage doesn't actually purchase securities?

Suppose there is a brokerage (not like Madoff case), where investors buy ordinary stocks/ETFs (qqq, brk-b orcl or any stock traded on NASDAQ/NYSE, not pink sheet or unlisted) at a time (and never sell)...
4
votes
1answer
349 views

Is SIPC a scam or does it protect investors from fraud?

I was trying to understand if SIPC is going to protect me. Despite the higher limit, even for small investors, it can be a problem if I consider https://www.pbs.org/newshour/nation/why-brokerage-...
1
vote
1answer
49 views

Different brokerage accounts for HSA, IRA, 401(k), misc.?

I truly cannot find this information on my brokerage website. I have a brokerage account for my HSA, and if I wanted to use this same brokerage to invest cash I have sitting in my bank acct. would I: ...
5
votes
1answer
177 views

What happens when a stock gets removed from the exchange I used to buy it?

I own stocks of Siemens Gamesa which I (foolishly) bought via the XETRA stock exchange instead of the more liquid Spanish Mercado Continuo. The stock has always received little attention and liquidity ...
1
vote
3answers
269 views

Take money out of paycheck into income producing asset(s)

My company has a 401k plan where they would take out money from my paycheck and match whatever I put into it. The concept of taking money out of my paycheck every two weeks and put it into a ...
2
votes
0answers
49 views

How do you know if stock warrants are american or european style?

On interactive brokers i was looking at some put warrants for GE which are being traded on the frankfurt exchange but i don't know if i can exercise them when i want, since I don't know if the ...
1
vote
1answer
80 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 ...
5
votes
1answer
395 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?
3
votes
1answer
50 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
votes
3answers
339 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 ...
1
vote
0answers
44 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
votes
2answers
70 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
vote
2answers
357 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
votes
1answer
42 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
63 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 ...
0
votes
2answers
260 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?
5
votes
4answers
6k 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 ...
3
votes
1answer
141 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
vote
2answers
108 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
125 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
vote
0answers
62 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
262 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
521 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
vote
2answers
115 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
2answers
238 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
99 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
vote
1answer
128 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 ...
16
votes
2answers
3k 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
3k 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
104 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
623 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
83 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
144 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
2answers
35 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
90 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?