How to Open an Online Brokerage Account. One of the advantages of the Internet is now you have the opportunity to buy and sell stocks online, using an online brokerage account.
Things You'll Need
- Internet Access
- Wall Street Journal
- Financial Calculator
- Brokerage Accounts
Decide what your individual financial needs are: How much information about stocks do you need? Do you need to be able to reach a live person by phone? Are you more concerned with ease of use and speed?
Decide which online broker is best for you based on your needs. Visit Gomez.com for an excellent, up-to-date comparison.
Decide how much money you'd like to put into your new account. Some brokers have minimum requirements. Some people start with a few hundred dollars, others with $100,000 or more; the amount depends on your financial situation.
Complete an account application for your selected broker. Most brokers have an online application, but you will probably have to send in some paperwork with your signature as well.