The term brokerage house refers to a firm that charges a commission for facilitating a variety of financial and investment services. Through their stockbrokers, brokerage houses allow investors to buy and sell publicly traded securities such as stocks and bonds.
Also referred to as a brokerage firm, a brokerage house provides services to its clientele who wish to trade stocks, bonds, and other securities. In exchange for providing these services, the firm charges a relatively small commission. The brokerage house may also employ a staff of analysts which provide recommendations to investors. In addition to transaction services, such as facilitating the buying and selling of securities, brokerage houses can also offer loans to approved investors to purchase securities on margin.
Depending on the investor's relative knowledge of the various markets, they can select from a number of brokerage houses, including: