Brokerage — meaning explained

Brokerage: The app or company that holds your investments.

What it means

A broker executes your buys and sells and keeps your account. Under 18 you usually need a custodial account opened with an adult.

Category

Money — part of the free InvestED Academy investing glossary for teens.

See it in action

Practise with real prices and fake money in the market simulator, or start the free course at module one.