Brokerage Account
Definition
What is Brokerage Account?
An account opened with a stockbrokerA licensed intermediary that buys and sells exchange-traded securities for clients. for buying, selling, and holding investments.
Example in practice
How This Looks in Practice
The investorA person or organisation that commits capital with the expectation of a financial return. funds a brokerage account before purchasing NGX shares.
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Related Terms
Nigerian Exchange
Nigeria's principal securities exchange, where listed shares, bonds, ETFs, and other instruments trade.
Nigeria InvestingNGX All-Share Index
A broad index designed to measure price movements of eligible equities listed on the Nigerian Exchange.
Nigeria InvestingCentral Securities Clearing System
Nigeria's central securities depository and clearing infrastructure for eligible capital-market securities.
Fund BasicsMutual Fund
A pooled investment vehicle that combines money from many investors into one professionally managed portfolio.