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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574 views

Which brokers offer the largest selection of mutual funds?

I use Morningstar for mutual fund picks, but my broker (Merril Lynch) does not offer many of them. It's a pain because sometimes they don't offer good fund alternatives. Is my only option to move to ...
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1answer
82 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 ...
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0answers
49 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?
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2answers
109 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 ...
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0answers
63 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 ...
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0answers
86 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 ...
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1answer
65 views

Trade ETFs with Banks' Brokerages or separate Discount Brokerage? [closed]

Hereafter, all money is in Canadian Dollars. My relative in Canada banks with HSBC Canada, is an Advanced customer, and possesses an HSBC InvestDirect account. She buys and holds for the long run, ...
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1answer
676 views

How many naked option contracts can I write if I want to use maximum margin

Let us say I want to write a naked option on SPX in my interactive brokers margin account. If this is the only position I wish to hold in my account, and I want to use maximum margin, then what is the ...
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3answers
102 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 ...
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4answers
490 views

Why should I choose a 401(k) or IRA over a standard brokerage account?

401(k)'s and other retirement accounts have limits on restrictions on when your money can be withdrawn. But let's say I score a job making a huge sum, can save a lot, and want to retire decades early. ...
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3answers
398 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 ...
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1answer
43 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 ...
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2answers
295 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?
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2answers
790 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 ...
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1k views

Interactive Brokers Margin Accounts

I've read the margin documentations on IB but am not sure given the following scenarios. I have a reg-t margin account trading stocks/etfs. Scenario 1: I do weekly re-balancing of a portfolio of 1-...
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1answer
313 views

If I transfer brokerages for a taxable investment account, who is responsible for sending Form 1099s?

I am considering transferring brokerages for a taxable investment account. Will the new brokerage be responsible for sending me all Form 1099s for tax year 2013? Or is the old brokerage still ...
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3answers
93 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?
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1answer
152 views

Is it possible that for shares to be reinvested in a stock you already sold?

I just recently set my taxable investment account from reinvest dividends to deposit in cash. However, there seems to be a delay (I assume related to one of the various dates associated with dividends)...
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2answers
157 views

Who (owner/ writer)needs to pay the option assignment fees

When an option is exercised, there is an option assignment fee that needs to be paid to the (broker/clearing house)? So if the options expire worthless, this fee need not be paid. But in the case ...
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1answer
87 views

Should I close my other broker accounts?

I am new to investing. A few months ago, I applied for an Interactive Brokers account because a review site said it had low fees. It was taking a long time for me to transfer the funds to the account ...
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1answer
155 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.
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1answer
57 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)...
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1answer
56 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 ...
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0answers
138 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 ...
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2answers
421 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) ...
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1answer
112 views

How can I simplify my interactions with my online brokerage for buy, selling, and rebalancing mutual funds?

Whenever I want to buy or sell mutual funds, it ends up being a multiple day process for me. For example buying mutual funds: Visit my brokerage account and have them transfer the funds in from my ...
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1answer
156 views

How can a retail trader work on improving his trade execution

In some trading books, the trader is advised to work on getting better execution. What does this really mean? For execution, the trader is at the mercy of the broker's algorithms and infrastructure. ...
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1answer
2k views

Who is the counterparty when buying shares through a broker

If I buy shares of a company through a broker, who is my counter-party? The company or the broker? i.e Do I face counter-party risk twice over(if company goes bankrupt and also if broker goes bankrupt)...
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1answer
142 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 ...
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1answer
70 views

What is the calculation of net asset value of my brokerage account

In my brokerage account, is my total account balance (cash + equities) the same as the net asset value of the account? Or is there a difference?