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Brokerage Account Definition
https://www.investopedia.com/terms/b/brokerageaccount.asp
What Is a Brokerage Account? A brokerage account is an arrangement in which an investor deposits money with a licensed brokerage firm, which places trades on behalf of the customer.
What Is a Brokerage Account? – The Balance
https://www.thebalance.com/what-is-a-brokerage-account-356076
Types of Brokerage Accounts Discount Brokerage. A discount brokerage account, or discount broker, is the most common form of brokerage account for… Full-Service Account. A full-service brokerage account is a …
FAQ brokerage account
What is a brokerage account?
Updated Oct 10, 2020 What Is a Brokerage Account? A brokerage account is an arrangement in which an investor deposits money with a licensed brokerage firm, which places trades on behalf of the customer.
Where can I set up a brokerage account?
There are a range of licensed brokerage firms — from pricier full-service stockbrokers to low-fee online discount brokers — where you can set up a brokerage account.
Who owns the money in your brokerage account?
You own the money and investments in your brokerage account, and you can sell investments at any time. The broker holds your account and acts as an intermediary between you and the investments you want to purchase.
What types of brokerage accounts can I open?
There are a variety of brokerage accounts that can be opened. They can generally be divided into retirement and non-retirement accounts. An Individual Retirement Account, for example, can be opened as a brokerage account. Many brokers offer IRA’s. There are also brokerage accounts that are opened by institutions.
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