How Does A Brokerage Account Work
So how does a brokerage account work?
A broker essentially will buy and sell securities for you for a commission.
You will pay a commission when you buy and sell a stock. So if your commission rate at your broker is $7.00 a trade you will ultimately be paying $14.00 in total commission cost by the time you buy and sell a particular stock.
Commission rates can vary by a lot depending on how much you are expecting from your broker.
We have a list of broker reviews here.