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 company's cloud-based infrastructure offers powerful scaling and pricing efficiencies enabling its global partners -- including online brokers, digital advisors and mobile online financial services companies -- to seamlessly access the US securities market.
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TechFinancials was formed in 2009 to create a simplified trading solution for online brokers wanting to provide a platform for retail customers to trade in Binary Options.
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Place Trade received these honors along with being awarded 41/2 stars overall and a 3rd place overall finish among the two dozen firms named to Barron's 2013 list of the Best Online Brokers.
The move overseas comes as Monex and other Japanese online brokers struggle amid bleak growth prospects due to the sluggish economy and shrinking population, as well as tough price competition, according to a Reuters report.
A BIRMINGHAM-based online brokers is 'sharing' its money after donating pounds 20,000 to Sport Relief.
Whilst unable to finance the expensive branding and leadgeneration campaigns of their far larger competitors, many have strongly grasped the Internet and the use of online brokers as their key way to market.
Formed by music managers, the Resale Rights Society want a system where anyone who sells or buys tickets through online brokers will have to pay a fee.

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