How linked brokerage accounts work with Yahoo Finance
Yahoo has partnered with TradeIt, Inc. so you can trade within Yahoo Finance using your online broker. If you have a supported brokerage account, you can link it to your Yahoo Finance account.
The brokerage linking feature is in the process of being added across the different platforms and locales supported by Yahoo Finance. It may not yet be available to you.
No, Yahoo is not a broker dealer. Yahoo provides a user interface to allow you to trade with your broker directly from our apps and websites. All order communications are passed directly through to your broker who is responsible for executing your trades. Yahoo is not responsible for any actions or trades that you take with respect to your brokerage account. Yahoo does not provide any investment advice regarding any security, transaction or order.
No, neither Yahoo nor TradeIt charge fees for trades initiated for linked brokerage accounts in Yahoo Finance. You continue to pay your linked broker whatever fees or commission you've been paying for trades without additional cost.
'My Portfolio' is the name for the Yahoo Finance toolkit that enables you to follow the collected stocks you are interested in tracking, by the creation of watchlists, multiple portfolios you can build based on your actual, potential, or fantasy holdings, and linked brokerage account portfolios (as applicable). A linked brokerage account is one of the reference points we use in creating your My Portfolio aggregation of stocks you are interested in. You do not need to have a linked brokerage account to benefit from the My Portfolio tools.
No, Yahoo will not place or cancel trades without your authorization. After you link your brokerage account, you control the ability to place or cancel trades (powered by TradeIt) through Yahoo Finance.
Yahoo will display the error message provided by your broker directly in the app. Since Yahoo is not involved in order handling, you should contact your broker directly to inquire why the errors occur.
Yahoo has partnered with a company called TradeIt, Inc. ("TradeIt"), which collects and transmits trade orders to brokers through its execution management system. For more information regarding TradeIt, please see https://www.trade.it.