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 ?
"Participants may need to sift through earnings adjustments moving forward, to heed for the PSEi's trajectory by the end of the year," said online brokerage firm 2TradeAsia.
Tiger Trade is a leading online brokerage firm focusing on global Chinese investors.
UP Fintech Holding Limited (NASDAQ: TIGR), an online brokerage firm focusing on global Chinese investors, has said that it has its initial public offering of 13,000,000 American Depositary Shares (the ADSs), each representing 15 class A ordinary shares of the company, at USD8.00 per ADS.
Listed online brokerage firm COL Financial Group Inc.
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Philippine-based online brokerage firm Hoppler, the country's first map-based property search engine, has said it's ready for the Asean Economic Community (AEC).
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.
The most active ones are the 1,600 puts on the SPX," said JJ Kinahan, chief strategist at online brokerage firm TD Ameritrade in Chicago.
But that all changed after Tucker learned she could tread softly into the market by signing up with an online brokerage firm.
TD Ameritrade, the US online brokerage firm in which TD Bank owns 45 percent, has contributed CAD33m in the fourth quarter and CAD48m in year-earlier period to the Canadian lender's wealth-management segment.
David Chapin of Worcester has been promoted to manage the Shrewsbury branch office of the online brokerage firm Scottrade.
When ING Direct announced earlier this year that it was committed to growing online brokerage firm ShareBuilder Corp.

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