Brokerage Accounts
A brokerage account is an investment account at a registered brokerage firm that allows you to buy and sell a variety of investment products such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs). The two general types of brokerage accounts are: cash accounts (a brokerage account in which you must pay the full amount for any securities purchased) and margin accounts (a type of brokerage account in which your brokerage firm lends you cash, using the account as collateral, to purchase securities).
