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An online broker executes orders to buy and sell currencies, stocks, mutual funds and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. There are four or five major global brokers operating through subsidiaries affiliates and partners in many countries. Discount online brokerages offer basic financial information and research but do not recommend specific investments.
With an online brokerage, you can place limit or market orders for a small fee. When selecting a brokerage, research the fee structure, guaranteed execution speed, and available research.
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