Question
How to open a brokerage account?
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1st Dec 2009 by Daniel Cross, ChFC
Opening a Brokerage account is fairly straightforward. You will need to fill out an application form and answer a few questions regarding risk tolerance, net worth, and level of sophistication. The requirements are used to determine what trades you are allowed to make and whether or not you can use Derivatives. You'll also be asked if you want a Margin account. It's a good idea to get one to be able to access as much as you can even if you never intend to trade on margin.
Opening a Brokerage account is fairly straightforward. You will need to fill out an application form and answer a few questions regarding risk tolerance, net worth, and level of sophistication. The requirements are used to determine what trades you are allowed to make and whether or not you can use Derivatives. You'll also be asked if you want a Margin account. It's a good idea to get one to be able to access as much as you can even if you never intend to trade on margin.
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27th Nov 2009 In Brokerage
1 Answers | 600 Views
Subjects: brokerage account,