How to Open a Brokerage Account

In order to start trading stocks and other securities, you will need to open a brokerage account first. Here are the basics of how to open a brokerage account.

Contact a Broker

Once you have decided which brokerage you want to go with, you will need to contact them and discuss opening an account with them. You can contact the broker in person if they have a local office in your area. You should also be able to access their website.

Complete Application

If you are applying in person, someone at the brokerage should be able to give you some paperwork to fill out. You will have to provide copies of identification as well. If you are going to sign up with an online broker, you should be able to access an account application from their website. Fill out all of the appropriate fields on the application and submit it to them. You will most likely have to e-mail copies of your identification.

Fund the Account

After they approve you for your account, you will need to take the necessary steps to fund it. Transfer money into the account, and you should be ready to go.

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