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How to Open a Brokerage Account

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By jmilgtp
User-Submitted Article
(1 Ratings)
How to Open a Brokerage Account
How to Open a Brokerage Account

If you want to start investing in the stock market then you need to open a brokerage account. A brokerage account is where you place your trades to buy and sell stock.

Difficulty: Easy
Instructions
  1. Step 1

    The first step to open a brokerage account is to decide whether you want a full service broker or a discount broker. If you are new to investing in stocks I would suggest opening a brokerage account with a full service broker.

  2. Step 2

    Once you have found the broker you wish to use, go to their website. On their main page you should see "Open account now". Click on the link and follow the application process online.

  3. Step 3

    You can also download the forms and send them in the mail. Look for a link that says "Download Application Forms" or something similar.

  4. Step 4

    Once you have your brokerage account open you will need to fund it. Most brokers require an initial deposit to open your account. These amounts can vary from company to company. To make an initial deposit you can either write a check or deposit money in through a EFT (electronic Funds Transfer).

  5. Step 5

    After you have made the initial deposit your brokerage account should be fully open. You can now begin to invest in stocks, bonds, cd's, or anything else you wish to put your money into.

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