A brokerage account is defined as an account that allows you, the investor or trader, to invest or trade securities using an online broker or brokerage firm. 

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Brokerage accounts normally fall under two categories:

1. An account that is managed by a brokerage firm
2. An account that is self-managed

With a brokerage firm managed account, your assets are placed in a brokerage account and invested on your behalf by the brokerage firm.

Brokerages charge you a commission based on the services provided.

This commission can range anywhere from ten dollars to millions of dollars, depending on the size of the brokerage account.

When opening a brokerage account you are expected to make a mandatory minimum investment amount that would vary depending on the type of broker chosen.

The average amount for this minimum investment is usually somewhere around $500 to $100,000.

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