What is a brokerage account?

Answer Brokerage accounts offer investors options for investing their money that can provide higher returns than a bank savings account. However, brokerage accounts involve greater risk and can result in ... Read More »

Top Q&A For: What is a brokerage account

How to Set Up a Brokerage Account?

According to Investopedia, a brokerage account is an "arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orde... Read More »

What is a self-directed brokerage account?

A self-directed brokerage account is a type of financial product that allows investors to buy and sell shares of stock at their own discretion. Often, this is done without the assistance of a broke... Read More »

What is the definition of a brokerage account?

A brokerage account is when an investor has account at a licensed brokerage firm. It enables the investor to deposit money and place investments.Types of Brokerage AccountThere are several differen... Read More »

How to Close a Brokerage Account?

Brokerage accounts are used by investors to trade securities. Without them, it would be impossible to purchase stocks, bonds or other types of investments. There are various reasons for wanting to ... Read More »