Online brokerage firm

Online Brokerage Firm

A company or division of a company that offers brokerage services over the Internet. One manages one's online brokerage account by giving orders online, which the brokerage then fills. One may also settle transactions electronically, though clients usually have an option to mail a check to the firm. Online brokerage firms usually charge lower commissions than other brokerages, but do not provide individual investment advisory services.

Online brokerage firm.

To buy and sell securities online, you set up an account with an online brokerage firm.

The firm executes your orders and confirms them electronically. When the markets are open, the turnaround may be very fast, but you can also give buy or sell orders at any time for execution when the markets open.

You may mail the firm checks to settle your transactions or transfer money electronically from your bank account.

Some online firms are divisions of traditional brokerage firms, while others operate exclusively in cyberspace. Most of them charge much smaller trading commissions than conventional firms.

Online firms usually provide extensive investment information, including regularly updated market news, on their websites, though they do not provide one-on-one consultations.

References in periodicals archive ?
bxsouthbay, an online brokerage firm, offers trading recommendations, investment advice and trade advice, not just 'online tools' to its online brokerage accounts.
An online brokerage firm can also open a regular trading account for you.
The move would transform Ameritrade of Omaha, Nebraska, into the largest online brokerage firm in the U.
Ranking as a top online brokerage firm for customer loyalty for the seventh time points directly to our investors' appreciation, which includes local stock brokers they know and trust, as well as our consistently low commissions and variety of products that make Scottrade a reliable resource to help them trade and invest with confidence.
Online investors should make sure that their online brokerage firm has the technological capacity to meet the fast-paced needs of online investing.
Jones began trading out of the offices of the online brokerage firm Westwood Trading (later acquired by Cornerstone), and she remembers her early days vividly.
com) announced today that Chicago-based online brokerage firm optionsXpress Holdings, Inc.
The addition of these key players to the Datek Online team will not only help us remain the fastest growing online brokerage firm, but will also take us to the next level in this emerging industry," said Mr.
1 provider of workplace retirement savings plans, the largest mutual fund supermarket and a leading online brokerage firm.
1 provider of workplace retirement savings plans, one of the largest mutual fund supermarkets and a leading online brokerage firm.
the fifth largest and fastest growing online brokerage firm, and will report to Jeffrey A.
30 /PRNewswire/ -- Datek Online, one of the nation's fastest growing online brokerage firms, was ranked the number one online brokerage firm in a recently released customer survey by TheStreet.