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Brokerage firms allow these accounts to be opened for an individual, more than one individual, or on behalf of persons under age 18. Opening an online brokerage account When creating a trading account with a broker, most brokers will require new clients to provide personal information, including legal name, date of birth, social security number, email address, and mailing address.
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Not much. Note that many of the brokers above have no account minimums for both taxable brokerage accounts and IRAs. Once you open an account, all it takes to get started is enough money to cover .
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A brokerage account is where you buy securities. These are investments like stocks, bonds, mutual funds, exchange-traded funds, and lesser-known items like option contracts. Because these assets change in price from one day to the next, the brokerage account that holds them will experience a change in value as well.
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That account is called a brokerage account, and it holds the cash you’ll use to buy and sell investments, as well as the investments themselves once you own them.
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An online brokerage account is a specialized financial account that allows you to invest in a number of different assets, including stocks, exchange-traded funds (ETFs), mutual funds, bonds,.
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A brokerage account is a financial account similar in function to the accounts you have with a bank. With a brokerage account, you deposit funds with an investment firm (the brokerage).