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 ?
Benzinga, the largest financial news vendor to North American brokerages, has announced that it has partnered with Questrade, Canada's fastest-growing and number one ranked* online brokerage, the company said.
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SKIS's ratings are driven by its strong niche online brokerage market position in Taiwan, consistent profitability and adequate risk appetite.
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The results of the study, which had a margin of error of 3.7 percent, lined up with August (http://www.cnbc.com/2016/08/10/4-ways-millennials-are-smarter-about-money-than-boomers.html) findings from online brokerage TD Ameritrade, which found millennials more likely than baby boomers to save for emergencies, gifts, their children's (or grandchildren's) educations and large purchases of over $2,000.
"Profit-taking prevailed as attention is centered on catalysts to arrest China's faltering growth," online brokerage 2TradeAsia.
Mubasher Financial Services said it has undertaken major restructuring of their business in order to launch the Global Trading Network (GTN) which will provide online Brokerage services covering 78 regional and international markets.
20 February 2015 - US-based online brokerage Folio Investing announced has acquired the accounts of the online brokerage firm Buy and Hold, the company said.
Following an investigation by ASIC, Interactive Brokers LLC (IB), a US-based online brokerage firm, will refund approximately $1.5 million in fees and commission payments to its retail margin lending customers.
But that all changed after Tucker learned she could tread softly into the market by signing up with an online brokerage firm.
This deployment will allow Oula Wasata to take advantage of the latest online brokerage functionality and web-based technology.
Summary: CAIRO: Lebanon's Bank Audi said on Wednesday it had acquired 90 percent of online brokerage Arabeya Online from the firm's chairman and majority owner Naeem Holding.

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