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Find out about foreign currency exchange providers like MB Trading, Finexo Ltd. Or NordMarkets. Regulated by CFTC and FSA(GB); find a customer support service and round the clock access, in the following languages: english, japanese, arabic and chinese.

do you know what a "brokerage account" is?

glossary FAQ: glossary.
J. Larsen from San Jose, United States
10 April, 2009

the "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 orders through the brokerage, which then carries out the transactions on the investor's behalf. The investor owns the assets contained in the brokerage account and must usually claim as income any capital gains he or she incurs from the account. There are several different types of brokerage accounts and brokerage firms; investors are able to choose the type of brokerage account and broker that best suits their financial requirements. Some full-service brokers provide extensive investment advice, charging high fees for their efforts, while most online brokers simply provide a secure interface through which investors can place trade orders and, therefore, charge relatively low fees for their services. Brokerage accounts can also differ in terms of order execution speed, analysis tools used, scope of tradable assets, and the extent to which investors can trade on margin. Visit Oanda

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