Some people think about how to open a trading account in us. How do you open a trading account? Maybe you have a little bit of knowledge, and you’re wondering, how do I get involved? Sometimes it’s not really fine print, because they want to advertise that so that people now that yeah, we’re legit, we’re not some sort of company being run out of a bunker in North Korea, we’re legit. But starting at the very top of things is you just want to make sure that the broker is certified, that they are registered with the right legal entities in whatever country you’re in.
Important Things to Remember
But if there’s some broker being run out of some who-knows-what country and you can’t find any reviews for them online, I’d probably tap the brakes and go someplace else, but for the most part, any stockbroker, options broker that you come across in the United States, they’re gonna be registered. So, what exactly do you do after you establish, okay, yeah, they are legit. Well, easiest way to get started and open it up is with their online application. And for this, get it all the time, at this point in time, at least, you need to be at least 18 years old to open up your own account.
If you can’t, you can do a custodial account. So your parents or some sort of legal guardian can open it up for you, their names attach along with yours. But if you are 18, then just hop on the online application, and, circling back, that’s kind of where things should be set up in a very easy-to-follow manner, they should give you kind of the things that you’re gonna need. You’ll need a social security number, you’ll need forms of identity and address, just typical stuff that you would need to sign up, really, for anything. The platform, the company as a whole is, you can have more confidence at their setup, and probably a more user-friendly manner.
Now, if they start asking for urine samples and blood tests and stuff like that, that may be a little too far, but it is perfectly fine if they’re asking for social security numbers, forms of IDs, addresses and stuff like that, because it is a financial institution, and going back once again, that’s why we want to make sure everybody’s regulated, they’re legit, so you’re not sending your information to some Nigerian prince.
Just go with the big names that you’ve heard of and you’ll be just fine, but, online application. After you get that, how does it all work? Well, what we have here is your money. And your money is somewhere just kind of out. Out and about. More than likely in a bank account. So, your money is sitting in the bank. If it’s not, get it out from underneath your mattress, your mattress does not pay any interest at all. Get your money in a checking account, in a savings account, just get your money in something. So, I’m assuming, though, that it’s in a bank.
But, point here, it is not, it is separate from the brokerage account, so. You fill out the online application, you get everything set up, at some point, it then becomes a matter of funding. Meaning you have to fund your account. Meaning you have to get your money over here, into your brokerage account. So now you have an account that’s been set up, but you have to get it over from here to here. Now, how do you do that? Well, there’s many options. You can do a wire transfer, so.