Online
Broker
Term category:
General Investing, Stocks
In 10 words
or less: A website that allows you to buy and sell stocks.
Definition:
Online brokers are automated
websites that allow you to place trades to buy or sell stocks, bonds,
mutual funds, and other securities.
Advice: Since
online brokers are automated and offer very low commissions, they
also don't provide investors with much support in the form of advice.
So if you're not comfortable investing on your own, you may want
to consider opening up an account with a traditional broker.
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