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Tag: open a brokerage account

Posted onJanuary 18, 2021January 19, 2021Business

What Are Brokerage Accounts all about

by Wayne Brosnan

A brokerage account is a kind of financial commodity that a brokerage firm sells to its clients. Most firms selling brokerage services are either major banks or dominant credit unions. Banks normally offer these accounts as a kind of unsecured loan to their clients as a kind of collateral for the loans. Most of the time, the banks require their clients to open an account with them before they can access the loan facilities.

These types of services are usually offered by the brokerage firm in conjunction with bank securities and bond offerings. The brokerage accounts are sold to investors by the brokerage firm on behalf of a bank. These are the safest forms of securities in the market, since …

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