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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158 views

Insurance for my brokerage held investments

This is not about protecting the VALUE of my investments against market fluctuations, stock prices drop ...etc. What I am looking for is to protect my investments in shares and options that I am ...
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1answer
55 views

Why is Trailing take profit a non existent functionality from brokers

If i understand this correct a trailing stop loss line can be put between the current market price and what you bought it for and your taking an L on the trade ...etc... but why is the opposite ...
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1answer
41 views

How does a Canadian sell TFSA assets in a foreign stock exchange?

I'm using TD Waterhouse and bought some stock in my TFSA account. However, the entity was purchased by a UK company. TD Waterhouse doesn't seem to be able to sell stock on the London Stock Exchange ...
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2answers
244 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 ...
2
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1answer
178 views

Are there advantages in buying round lots rather than odd lots?

Sometimes, when I want to buy a stock, I will spread the buying over several weeks in order to "cost average" the purchase price. This may involve buying in odd lots (i.e. the number of ...
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1answer
39 views

Are publicly available bid, ask, and last prices reliable when many trades take place outside stock exchanges?

From my understanding, zero-commission trades are possible because stock brokers place orders for stocks on third-party platforms instead of placing orders on stock exchanges. The third-party ...
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1answer
79 views

What are the situations that could cause unlimited liability in my stock brokerage account?

I have a stock brokerage account, and I want to make sure that the things I do in it will not cause me to be liable for more than the amount I put into the brokerage account. My question is: under ...
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1answer
51 views

What is a free or cheap Broker with Trading Software [closed]

I am fairly new to trading. Recently I watched some videos after joining Robinhood and I realized that Robinhood is fairly limited. I am looking for a broker company and software that allows me to do ...
4
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0answers
58 views

US domiciled ETFs in the EU - some brokers actually offer them - anyone know how?

I am aware of the 1-Jan-2018 EU regulation prohibiting EU brokers from trading US domiciled ETFs to retail investors. I am also aware that some brokers can help you waive the EU "protections"...
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0answers
20 views

Foreigner trading stocks through US brokerage bank [duplicate]

I am a foreigner currently living in the US, and I have a SSN due to my employment here. However, I will be returning to my home country next year. My question is: since I have an SSN, I am able to ...
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3answers
1k 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 ...
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1answer
64 views

Calculate liquid net worth

I look at the definition and I understand the idea and concept of liquidity: It's how much cash you can pay and cover more or less immediately. I have x dollars in stocks and savings which can be ...
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1answer
175 views

Can my stock broker delay my buy order while it buys using its own account?

Suppose I have placed an order to buy 100 shares at $10. Can my stock broker leave my order aside while it buys 100 shares at $10.01 using its own money? The stock broker gains from this: If the ...
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0answers
75 views

What are New York Window fees?

Someone told me that if the stock I want to buy/sell does not trade 100% electronically, my stock broker may need to handle physical share certificates. I was told that I could be charged a "New ...
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2answers
62 views

What is a “forced buy-in” for illiquid OTC stocks?

I was reading about the illiquid fee policies of a stock broker: https://www.firstrade.com/content/en-us/customerservice/faqs/illiquidfees/. Excerpt: Forced Buy-Ins: Your sale of a low-priced ...
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2answers
7k views

What is the fee charged for ADRs, which is deducted when dividends are paid?

My brokerage charges me a fee to hold ADRs; this fee is deducted anytime the ADRs pay dividends. I'm told that this is a standard fee and could not be negotiated. Is this fee truly carved in stone, or ...
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2answers
90 views

Do I earn interest when shorting stocks?

Suppose I short 100 shares of a $5 stock. My cash balance will be +$500 due to the short position. Does this $500 earn any interest? I have heard two opposing answers: The $500 earns interest, and I ...
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1answer
57 views

Is it possible for foreigners to buy Indian stocks?

Is it possible for a person who is both a non-resident and non-NRI to buy Indian stocks? I am specifically interested in buying stocks listed on the NSE and BSE. Are foreign mom-and-pop retail ...
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1answer
85 views

What are the risks of allowing my stock broker to lend out my shares to short sellers?

Some types of brokerage accounts allow the stock broker to lend my shares to short sellers (probably without needing to notify me). Do I incur any risks when I sign up for such accounts? Is there any ...
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2answers
140 views

What happens when I want to sell my shares that are currently lent to a short seller?

Suppose I own 100 shares of a company in a margin account. Suppose the brokerage firm lends my shares to a short seller. Questions: Can I sell my 100 shares while they are still on loan to the short ...
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3answers
92 views

What's the story behind the Forex Broker

I would like to know when I open a position in market, what happened or what the broker does with my position really. Do I buy/sell anything in market or just we trade in market virtually and nothing ...
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4answers
7k views

Buying an US ETF from Europe using Interactive Brokers

I am trying to buy an ETF using my account in Interactive Brokers. I am surprised to see that it is not possible. I am living in Europe and trying to buy an ETF in US dollars. Their response to ...
2
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1answer
253 views

What do I buy when I buy fractional shares on eToro?

I am wondering on what exactly you buy when you buy fractional shares on eToro: The actual asset, i.e. the stock/share? You get dividends if the company pays any. It would still be yours if eToro ...
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3answers
98 views

Which US organization acts as the central depository for shares?

In Singapore, my shares are held by an organization known as the Central Depository (CDP). Regardless of which stock brokerage firm I am using, I can see the same shares, as all of the shares I own ...
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1answer
61 views

How to show currency of stock in Interactive Brokers

I am using Client Portal in Interactive Brokers. I can see the price for an instrument (stock or etf). Where can I see the currency and prospectus/documents for the instruments?
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1answer
85 views

How do brokers make money from fractional shares trades?

Let's imagine the following scenario Day one: the price of the stock XYZ was 47.50 during the whole trading day. After clearing, the total number of shares users have is 24.5. Broker buys 25 shares ...
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2answers
2k views

Why do some brokers allow selling naked put options but not naked call options?

I understand that holding short positions in naked options is risky because they are not backed by cash or stock in a brokerage account. I've noticed that some brokers allow the selling of naked puts ...
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1answer
62 views

I can't find a desired ETF on the popular UK brokerage firms - how can I find one that does?

If I wanted to put money in a specific ETF, namely ARK invest (ARKK), but it wasn't possible on the top UK brokerage firms - what should I do next? So I looked on hargreaves lansdown, halifax, and 8 ...
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2answers
511 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-...
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1answer
37 views

Form W-8BEN at multiple stock brokers

I am a non-resident alien. I have an existing US stock brokerage account. When I opened that account, I had to fill in and submit a W-8BEN form. Now, I am going to open a second US stock brokerage ...
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6answers
102 views

Schedule to sell a stock when it reaches a higher price (though not guarantee to sell it at that price)

Suppose I have a stock with price $30. I want to trigger selling it as long as it reaches $35 (even though it might be executed at say $34.7). Is there such an option in any brokerage (such an option ...
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0answers
51 views

What does “match us in the market” mean in the context of transferring shares between brokers?

I requested my company broker to transfer shares to my private broker and got a letter saying: We are reaching out to your broker to match us in the market so we can complete your transfer I asked ...
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2answers
2k views

Maximize trading commission bonus

As a new client of a broker I'm given $300 of free commission on trading (basically on everything: stocks, options, futures etc). Is there a way to capitalize this bonus by creating some combination ...
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2answers
69 views

Is there any problem in having 0 cash in your brokerage account?

Let's say that you have a brokerage account with $10000 and you want to invest that money in some financial product. Is there any problem in investing the whole $10000? I mean, is the ongoing charge (...
0
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1answer
39 views

initial margin calculation for multiple short positions

I've been trying to understand how margin requirements work for short positions (assume Reg-T US) to model for a backtesting software (I don't have direct experience with shorting, yet) I think I ...
0
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1answer
97 views

what Is the relation between margins, brokers, and clearing members?

What is the difference between clearing margin and margin maintenance? I know that an investor in a futures contract is required to keep a maintenance margin with the broker. The broker will require ...
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1answer
62 views

Is my FX brokerage manipulating my profit margin to payout less? (SCREENSHOT)

USDCAD pair has moved 41.90 pips in my favour @ 0.01 lots (broker showing profit of $3.01) USDJPY pair has moved 52.30 pips against me @ 0.01 lots (broker showing loss of -$4.85) At $0.10 per pip (0....
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0answers
65 views

Is there any way for a non-US person to get a US-based bank account? [duplicate]

I live in the EU. After signing up with various brokers across the pond, I noticed that some have decent low-cost deposit/ withdrawal fees, while others' are abnormally high. For instance, ...
0
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3answers
215 views

How do billionaires keep their stakes in other companies safe during economic crises?

The world economy -- and therefore also the world of finance -- is currently facing yet another existential crisis. What solution do the best and most risk averse investors, like Warren Buffet, use to ...
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0answers
73 views

Are owned stocks considered balance?

I want to start investing money into stocks and for that I was comparing depots (broker bank accounts?) I found one that seemed very interesting to me but when I checked their pricing I figured that ...
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2answers
104 views

How does a Forex broker have enough money in every currency?

For example, you open a position: you buy EUR with some amount of GBP (and when you close the position, this amount of EUR is exchanged back to GBP). Your deposit is in USD, and you even can use ...
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1answer
70 views

Can I use Forex broker account as multi-currency bank account?

On a Forex account, one usually opens, then closes a position after some time. On a multi-currency bank account, permanent change can be achieved between the currencies. My question is if actions ...
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0answers
52 views

Investing Basics and Recommendations

Suppose an individual has $50,000 in a checking account. He has two brokerage account A and B. Here are some statistics of these two brokerage accounts: Account A has total value of $10,000 and a ...
5
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1answer
484 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 ...
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0answers
26 views

Taxable brokerage account for retirement?

I'm looking at investing in a taxable brokerage account with the purpose of saving for retirement, as my traditional retirement account options are not available. I'm not quite sure where to start ...
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0answers
36 views

Within Interactive Brokers, what is the easiest way to 'sync' accounts so that I can execute a trade in multiple accounts from a single transaction?

My partner and I both have IRA and investment accounts with Interactive Brokers. I manage the investments in our family and so I am currently needing to log into both of our accounts separately in ...
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3answers
163 views

Is bill pay from brokerage to Credit card account possible?

What are the regulatory limitations [in Wisconsin, US] that prohibits one from paying one's Credit card bills directly from one's brokerage account?
2
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1answer
42 views

Do I enter only the latest (corrected) 1099?

MY brokerage account sent me the first 1099 about 10 days ago, I entered it into my tax software, but did not file my taxes yet. Last night I received a corrected version. Do I just have to enter the ...
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1answer
159 views

Will my father know I changed brokers?

My father started a small nest egg for me when I was a teenager. He was hoping it would grow to help out with a down payment on a home when I was older. However as I'm now in my 20s I've noticed that ...
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0answers
95 views

What are the options to invest in the UK stock market? [closed]

In Portugal, investing in the stock market is very easy, as all major banks allow placing market orders from a current account and hold custody of shares (for as little as €5 per quarter). I was ...