Meaning of the word "online brokerage" in English

What does "online brokerage" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

online brokerage

US /ˈɑːn.laɪn ˈbroʊ.kər.ɪdʒ/
UK /ˈɑːn.laɪn ˈbroʊ.kər.ɪdʒ/
"online brokerage" picture

Noun

1.

a company that allows customers to buy and sell stocks, bonds, and other investments through an internet-based platform rather than through a traditional broker

Example:
Many investors prefer using an online brokerage for its lower fees and convenience.
Opening an account with an online brokerage is usually a quick process.
Learn This Word at Lingoland
Related Word: