Online brokerage firm

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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 ?
The Dutch online broker plans to officially launch operations in Italy by the middle of 2012, which will be its fourth market after the Netherlands, Belgium and France.
Clemmer says the level of advice and information is another crucial factor in determining which online broker to choose.
Viki Lazaris, CEO, of BMO InvestorLine, said, 'We are thrilled to be recognised again by The Globe and Mail as a top online broker. It's a testament to our team's ability to continue to exceed the needs of our clients and provide investors with the tools and resources needed to help them make better investing decisions.'
The board of directors of US securities brokerage TD Ameritrade (NASDAQ:AMTD) will discuss on Tuesday a potential buyout offer for online broker E*Trade Financial (NASDAQ:ETFC), the Wall Street Journal said Monday, citing insiders.
7 February 2011 - The fourth-quarter results of Dutch online broker BinckBank (AMS:BINCK) do not reassure the market, SNS Securities said today commenting on the company's quarterly and annual figures.
Swedish online broker Avanza has published its interim report for the period 1 January-30 June 2003.
Matsui, which became the first online broker to be listed on the Tokyo Stock Exchange's First Section in August last year, did not disclose its earning outlook for the full fiscal year.
TELECOMWORLDWIRE-16 March 2000-Finnish online broker eQ Online expands to France (C)1994-2000 M2 COMMUNICATIONS LTD http://www.m2.com
Westpac Online Investing (NYSE: WBK) has won the 'Best Fully Featured Online Broker' award at the Australian Financial Review Smart Investor Blue Ribbon Awards 2011.
Japanese financial services firm Monex (TYO:8698) unveiled today plans to acquire US online broker TradeStation (NASDAQ:TRAD) in a deal worth some USD411m (EUR280.6m).
7 February 2011 - Dutch online broker BinckBank (AMS:BINCK) reported today an adjusted net profit of EUR75.2m (USD102.3m) for 2010, a decline of 4% from a year earlier.
Monex, Japan's second-largest online broker, is an affiliate of Sony Corp.

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