Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the definition of a brokerage account?

April 26, 2017account brokerage definition Finance investments

0

Posted

What is the definition of a brokerage account?

1 Answer

0

Posted

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 different types of brokerage accounts: cash-management account, margin account, and discretionary accountCash-management AccountThis is the most basic type of brokerage account. Investors put money into these accounts to make trades. Cash-management accounts are great substitutes for banking accounts.Margin AccountsMargin accounts allow the investors to buy securities with the funds borrowed from the broker.