How to Open a Brokerage Account in 15 Minutes
In this article, I will show you how to open an online brokerage account in 15 minutes.
First, refer to my article on how to identify a broker adapted to your investment objectives.
Once you’ve identified the right one for you, gather the information required to open an account.
Generally, the broker will ask you for the following:
- Personal information (name, last name, birthday, address)
- Contact information (email, telephone)
- Tax information (tax number)
- Bank information (bank account number)
Now that you have your important information on hand, you can proceed to signing up.
Click on the “Join Now” or “Sign up” button on the homepage. Then, fill out the requested information.
Remember to answer all of the questions honestly. The broker will declare your account to the tax authorities of your country of residence.
Deposit funds on your account
Now that your account is open, all you need to do is deposit funds.
Most brokers offer you three main ways of depositing funds:
- Paypal
- Credit card
- Wire transfer
Check your broker’s fees policy to make sure you aren’t charged an outrageous amount to deposit your funds.
That’s it! It’s really that easy.
That’s how you open an online brokerage account in 15 minutes.
Etoro is one of the easiest brokerage platforms to sign up to.
Other brokers require a more complex registration process.
In any case, the registration process is not as complicated as it seems.
Join eToro (this is an affiliate link).
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DISCLAIMER: This article is the fruit of my personal research and should not be viewed as financial advice. I enjoy analyzing stocks and providing investment ideas but I highly encourage you to conduct your own research before investing in any asset. NEVER invest without having done proper due diligence and NEVER invest out of the Fear Of Missing Out (FOMO). Also, NEVER invest because some internet message boards are hyping up a high-flying stock. As a rule of thumb, the number of rockets included in a tweet are inversely proportional to the quality of the advice given.
