What is in it for the brokerage firm

As tempting as the amenities provided by a brokerage firm may sound, ever wondered what’s in it for them? And why and how they can pull off these tempting offers to woo customers?

The answer lies in the different types of accounts a brokerage firm has to offer. There are usually three kinds of brokerage accounts:

Cash-management account which is the most basic type in this category is an account where the investor places his funds to make a trade. Depending upon the type of cash-management account, an investor may choose to have a full-service account, which provides expert financial advisors, helps develop investment plans, and at the discretion of the investor, can be chosen as his power of attorney. The broker helps manage the account for his client and charges a fee either as a commission or advisory fee. A consulting fee can be between 0.5% – 1.5% of the total account balance and a commission can be a small percent of the money invested in that particular commodity.

A margin account, which is a slightly sophisticated kind. In this case, the investor buys his securities with the money borrowed from his broker. However, these accounts have much stricter requirements and collaterals, and additionally, The Federal Reserve limits the borrowing margin to at most 50% of the total amount that was invested. Although, the brokers still charge a relatively minimal rate of interest, to ensure their customers are encouraged to invest in margin accounts.

The discount brokerage account is apt for the veteran investors, who are looking to be more independent when it comes to trading and investing. These accounts offer minimal services for a much significantly cheaper fee compared to that of a full-service account. Some online brokerage accounts such as E* Trade simply offers a secure platform, with no opening cost and a minimum deposit of as low as $500, with a commission fee of $10 per transaction.

    RECENT ARTICLE

  • A guide to buying mugs at wholesale prices
  • Understanding groin pain and its symptoms
  • 7 best dividend paying stocks – current and future
  • How to select the best laptop for you

YOU MAY ALSO LIKE

  • Different types of kitchen sinks to choose from
    The kitchen is one of the most important parts of the household. It is where you would cook a delicious meal. It must be constructed with the quality fittings and fixtures. A kitchen sink is one of the most important components in the kitchen. Thus, it is essential to take care of the kitchen sink as well. There are a number of varieties available for kitchen sinks in the market today. From indoor to the outdoor kitchen sink and a variety of kitchen faucets, you have a wide variety to choose from. Find below some of the most commonly installed kitchen sinks in every household today. Apron Kitchen Sinks Apron kitchen sinks are also known as farmhouse kitchen sinks. The front wall distinguishes this kind of sink from others. The counter and the sink front are the same. Apron kitchen sinks are generally single large basins. The most popular kind of installation is the level and integrated one with the counters. Sometimes, they are installed to create a country style as well. It is on top of a freestanding table or a cabinet on their own and not encased by counters. The best part about apron kitchen sinks is that they can hold big baking pans and casserole at ease. Since there is not much room between the edge of the counter and the sink; people can get closer to the latter, which helps in avoiding fatigue. Cast Iron Sinks Cast iron is probably the oldest material used for making kitchen sinks which is still a popular choice. The glossy, bright enamel finish appeals to homeowners because they last really long. As the name suggests, this kind of sink is manufactured by casting iron. Bare rods will get rusted, thus cast iron sinks are topped with thick porcelain enamel finish. The tough enamel finish resists scratches and stains. Drop-in Kitchen Sinks Drop-in kitchen sinks are also known as top mount kitchen sinks. This is one of the most common types of kitchen sinks which are installed from above. Generally, a hole is made into the counter material and the kitchen sink is dropped inside from above. The rim of the sink is then sealed with silicon. Drop-in kitchen sinks are easy to install since not much needs to be done especially if the hole is already cut in the counter. Stainless Steel Sinks Stainless steel sinks are the first choice for many since they are sturdy as well as inexpensive. Moreover, they are easy to clean. They would not scratch easily and fits well on most countertop surfaces. It is better to opt for the slightly thicker variety since they are supposed to last long. Undermount Kitchen Sinks Undermount kitchen sinks are attached to the counter's bottom side. It makes use of the base structure of the cabinets in order to get support. This gives a consistent look on the countertop. While this is made keeping in mind solid surface countertops, they can be installed on composite or marble surface as well along with others.
  • A closer look at Speed Queen washers
    The Speed Queen washer is a high-grade laundry machine that provides quality laundry service. This machine contains the best laundry equipment. Also, it can be used in wide range of commercial and residential applications. The rich range of the Speed Queen washer machines includes the top load and front load washing machines along with a wide range of dryers. All the washing machines are designed to ensure maximum convenience and satisfaction of the customers. Features of the Speed Quash washer machines: Durability The Speed Queen washer machines are high-performance washing machines that work efficiently for years. They are designed and built to meet the vast household laundry needs. They are robust and last longer. These machines are made of metallic components and tested to ensure they operate efficiently. Multiple applications These durable washing machines are suitable for application in commercial applications such as military base, hotels, and living accommodations. Also, you can use them for household purposes. High performance The Speed Queen washer machines wash and pull the extreme dirt. It has 210⁰ agitator that has 68 strokes per minutes. All the clothes are swirled softly in the detergent water. Also, it has stainless steel wash tub which doesn’t cause any damage to the clothes. No dirt and grime is left behind the washer. You will get clean clothes free of stains and spots. Warranty No doubt the Speed Queen washers are long-lasting. They also come with the best warranty. The washers cover the best warranty standards in the industry. The warranty period is for 15 years, and this includes the warranty for all parts and electronic control options. You can browse the Speed Queen washer website for complete information about the warranty. Tested electronic components The Speed Queen washers have touch panel controls. All the electronic components are tested rigorously before assembling the washer to avoid any inefficiency during usage. If you want to buy the Speed Queen washer machines, you can browse the website and check out the wide range of washing machines. Learn about the laundry equipment and make the ideal selection for your diverse needs.
  • Comparing the brand new iPhone 12 features to the iPhone 11

    Apple just dropped the release date for the latest and absolutely stellar iPhone 12. But that’s not all. With this model, they’ve managed to discount all their older models. Here’s how the not-so-latest iPhone 11 compares with the new flagship iPhone 12.

    The iPhone 12 comes with 5G connectivity
    All hail the new iPhone 12 that has managed to reign in a new era with style. The iPhone 12 comes with 5G connectivity while the 2019 iPhone 11 works on 4G LTE cellular.. 5G connectivity in the iPhone 12 base model and variants will ensure that you experience improved speeds, faster downloads, easy browsing, and a whole lot more. Not to mention, the most iconic feature is that you can access 5G connectivity worldwide, not just in the US.

    The iPhone 12 has better video recording
    The iPhone 12 comes with major upgrades on the in-built camera like the Dolby Vision HDR video recording up to 30 fps. The camera specifications for both the iPhone 11 and iPhone 12 largely remain the same. Both have the same Ultra Wide and Wide camera lenses, except that the Ultra Wide camera on the iPhone 12 comes with lens correction.

    The iPhone 12 comes with a Super Retina XDR display

    Both the iPhone 11 and the iPhone 12 have a 6.1 inch (diagonal) display, but the iPhone 12 has a greater resolution that allows the user a much better viewing experience compared to that of the iPhone 11. The iPhone 12 comes with a Super Retina XDR display whereas the iPhone 11 comes with a Liquid Retina display. The iPhone 12 has a resolution of 2532x1170-pixel resolution at 460 ppi whereas the iPhone 11 has a resolution of 1792x828‑pixel resolution at 326 ppi.

    The iPhone 11 now has the fastest processor chip

    The iPhone 11 has an A13 Bionic chip and a third‑generation Neural Engine. The iPhone 12 has an A14 Bionic chip and a next‑generation Neural Engine. This A14 Bionic chip is a step ahead of the competition. It is the first chip in the smartphone industry that is built on a 5-nanometer processor. It is the fastest processor chip in the market right now.

  • Basic working principle of a metal detector
    Metal detectors are fascinating devices that spot hidden foreign objects from an area or a person. Different types of metal detecting devices work on different working principles. The science behind most of them remains essentially the same - electromagnetic induction. We constantly rely on the intimate connection between magnetism and electricity every time we use an appliance. Metal detectors, fundamentally work on the same principle. Metal detectors use electricity to create magnetism that creates more electricity somewhere else. Here's how! Simply put, a coil in metal detectors is used to interact and attract metallic elements on the ground. This coil receives a re-transmitted field and alarms the user by creating an audible indication in case of the presence of a metal. This coil is also called a transmitter coil. Let's delve deeper into this working concept. As electricity flows through the transmitter coil a magnetic field is generated all around the coil. Once the detector is swept around the ground, the magnetic fields move around too. When the detector meets a metallic object, the magnetic fields get affected in a way that all electrons orbiting around the atoms change. Metal detectors basically induce an electric activity within the metal. What's more interesting is that this electric charge within the metal in turn creates some amount of magnetism too. This basically causes magnetic field from the detector to transfer onto the metal when you make the metal detector hover over a metallic object. It is this magnetic field around the object that attracts the metal and causes it to pick it up! Apart from the transmitter coil, most metal detectors also have another coil called the receiver. This coil is usually attached to a circuit containing an audio device or a loudspeaker. When a detector moves over a metallic piece, the magnetic field generated by the metal cuts through the coil. When the metal moves through the magnetic fields it also causes electricity to flow through it. This electricity further flows through the receiver coil thereby producing a beeping sound. Usually the intensity of the beep depends on the proximity between the object and the device. The closer the object, greater is the electromagnetism and louder is the sound! Such a beep is generally an alarm that is raised to indicate the presence of potential metal weapons, coins, foreign objects and the like. Most metal detectors can discriminate between distinct types of targets and can be fixed to overlook undesirable metal objects.
  • 4 Affordable Stores To Shop For Indoor And Outdoor Cushions

    Shopping for new house furniture and outdoor furniture can be exciting as well as overwhelming. You can be extremely spoiled for choices when looking for patio items such as patio furniture, seat cushions, terrace décor etc. So how do you know which is the best place to shop for such items? How do you the best brands at the best rates and not worry about heavy shipping charges and cancellation policies? Here’s a list of the top 4 places to shop for affordable yet high-quality furniture from.

    CushionsXpress
    This furniture store has the widest range of seat cushions that you can select from for your patio furniture. Be it sofa cushions, car seat cushions or even seat cushions for patio furniture, there’s literally every type of cushion that you can select from. They also have extremely affordable seat cushions, high quality and durable cushions to select from. You can call the store directly and let them know the brand and model that you are looking for and they will deliver it right to your doorstep. You can opt for a cash on delivery or even swipe your card with the delivery person’s card machine. The brand delivers across the country at extremely affordable shipping rates and also has a good return policy. The brand directly manufactures and sells to various shops online and offline which means that when you shop from them, you get the cheap wholesale rates. Not only is this super convenient, it is super affordable too.

    Amazon
    This e-commerce company has a wide range of different vendors that you can purchase patio furniture as well as seat cushions from. You can not only see the past experiences of customers that shopped from the vendor, you can also check the reviews on the vendor itself. All the information you need regarding the online vendor and product, you can find it on Amazon itself. You can compare different prices and vendors before you finalize on your final purchase. Amazon has very good shipping and returns policies as well so purchasing from this website is the best option for you. Amazon is the most trusted e-commerce website where you can shop from and is well-known across the world so you can be sure to have the best quality items shipped to you.

    Hayneedle
    This is an online website that you can purchase different types of mattresses and cushions from. You can choose from a wide variety of cushion sizes, types, colors etc. You can find seat cushions for the patio furniture in every price range on this website. The shipping rates on this website are also very affordable and they offer free shipping over 49 dollars’ worth of purchases. Hayneedle also has a lot of different sales and clearance offers that you can make use of when purchasing cushions. You can also find modern, traditional, tropical and other different ranges of cushions to select from. You can also contact the customer care directly on their toll-free number in case you have any queries and issues regarding your purchases or even returns.

    Target
    Be it groceries and staples to heavy duty kitchen appliances, Target is the one stop shop for everything you need. Target stocks up on some of the best brands for their items so you can be sure to get some of the best brands for the patio furniture and also the seat cushions. You can choose from different sizes, colors and types as per your preferences and likes. You can shop at any Target store in your vicinity because the brand has a store in almost every town and every city across the country. If you can’t get the time out to shop for your patio items in stores, you can buy them online on the Target website. The shipping prices are cheap, the return policy is very good, and the delivery time is short too. This is a complete win-win for someone looking for affordable patio furniture as well as seat cushions and mattresses.

  • 5 reasons to get a vending machine for your business
    When you have your own business, there are various factors to consider when it comes to employee satisfaction. One major concern business owners have is the availability of food and beverages. In this case, a new vending machine is the ideal solution in most circumstances. Let us take a look at a few major reasons to get a new one for your business.
    • Easily manageable You just need to install a vending machine and let it do its work. There is a need for minimum maintenance, especially if you opt for a managed vending service. When you check out a new vending machine on sale, consider choosing a service that offers contactless payment choices and regular stock refills. A professional team will be at your disposal to take care of the machine and stock it when required.
    • Increased convenience With the numerous options in snacks and beverages that a vending machine offers, your employees will not find the need to go out and eat. This means an increase in productivity. Installing one at the worksite also shows your employees that you care about them, especially if your business is far away from eateries and restaurants, saving them time and money.
    • Profitable Although installing a vending machine and stocking it can be expensive, the lower maintenance and overhead charges will even out the initial investment pretty easily. As the costs are comparatively lesser, employees would want to make more purchases. You also get to save the money you otherwise would have spent on building a canteen or providing the food and beverages yourself.
    • Reduced overhead charges A vending machine is self-operated and does not create the need to employ staff to take care of it. They also run 24/7 on less electricity, do not require any specific infrastructure, or intensive cleaning every day.
    • Greater efficiency While canteens offer various options for food and drinks, they usually operate during specific hours. So, the staff has to manage their breaks and work schedule accordingly. However, vending machines have no such time constraints and employees do not need to worry about food. Stocking up on several options, such as chocolates, chips, and vegan items, will make sure that all your employees’ needs are met.