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Buyshares.Co.Uk provides top quality insights through financial educational guides and video tutorials on how to buy shares and invest in stocks.
Top forex bonus list
We compare the top providers along with in-depth insights on their product offerings too. We do not advise or recommend any provider but are here to allow our reader to make informed decisions and proceed at their own responsibility. By continuing to use this website you agree to our privacy policy." 75% of retail investor accounts lose money when trading cfds with this provider.
Open your trading account today

Kane pepi
Share trading account
75% of retail investor accounts lose money when trading cfds with this provider.
Buy over 800 global shares with zero commission trade share cfds with tight spreads copy top share traders with the copytrader tool excellent share trading app for ios and android simply user-friendly trading platform
Forex trading account
72.6% of retail investor accounts lose money when trading cfds with this provider.
Huge range of over 140 forex pairs 0% commission forex trading and tight spreads AI-powered trading platform trading app and stand alone educational app news and analysis via capital.Com TV
Share CFD account
80.5% of retail investor accounts lose money when trading cfds with this provider.
Some of the lowest spreads on the market cfds for over 1,800 global shares low overnight interest rates high-quality charting with 107 built-in indicators unlimited share trading demo account
Social trading account
75% of retail investor accounts lose money when trading cfds with this provider.
World’s leading social and copy trading platform copy over 12 million traders and investors invest as little as $200 in copy trades professionally managed copyportfolios discuss strategies and tips with other traders

About kane pepi
Kane pepi is a british researcher and writer that specializes in finance, financial crime, and blockchain technology. Now based in malta, kane writes for a number of platforms in the online domain. In particular, kane is skilled at explaining complex financial subjects in a user-friendly manner. Academically, kane holds a bachelor’s degree in finance, a master’s degree in financial crime, and he is currently engaged in a doctorate degree researching the money laundering threats of the blockchain economy. Kane is also behind peer-reviewed publications - which includes an in-depth study into the relationship between money laundering and UK bookmakers. You will also find kane’s material at websites such as moneycheck, the motley fool, insidebitcoins, blockonomi, learnbonds, and the malta association of compliance officers.
DESCRIPTION
Buyshares.Co.Uk provides top quality insights through financial educational guides and video tutorials on how to buy shares and invest in stocks. We compare the top providers along with in-depth insights on their product offerings too. We do not advise or recommend any provider but are here to allow our reader to make informed decisions and proceed at their own responsibility. By continuing to use this website you agree to our privacy policy."
About us
Registered address
St magnus house, 3 lower thames street, london ECR3 6HE, UK
How to open a share-dealing account
How to choose the best trading account for share dealing, and start investing in UK and international markets.
Updated jun 30, 2020 . What changed?




How we chose our best trading apps
What's in this guide?

Invest in shares with 0% commission on etoro
Other fees may apply. Your capital is at risk.
- Unlimited trades, with no dealing charges or management fees
- If your trades get copied you can earn extra money
- Create an account today in a few minutes
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
Online share dealing allows you to buy and sell shares in publicly listed companies from your phone, laptop or tablet. Where previously you needed a broker in order to access markets, these days investors trade directly by opening a share-dealing account with an online share-trading platform.
This guide allows you to easily compare online share-trading accounts, and takes you through the steps involved when choosing a platform.
Compare the UK’s leading trading platforms
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
Or use a stocks and shares ISA
A stocks and shares ISA can be another good option for investors. Legal & general’s award-winning stocks and shares ISA let’s you choose from three investment options. You can let them do it for you, use index-tracking funds to build your own portfolio, or pick your own funds.
Why trade shares online?
Trading shares online offers a secure and easy way to manage your investments. You can place trades at a time and place convenient to you, with the obvious benefits of dividend payments and investing for the future.
There are of course risks attached to trading shares, including the possibility of losing money you invest. It’s important to make sure you’re aware of those risks before you start trading.

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How do I choose an online share-dealing platform?
You’ll need to carefully consider what you need before deciding on the right online trading platform. Some of the issues to consider include:
- Your trading knowledge and experience. Some online trading platforms are designed to suit casual investors. Other trading platforms have features geared towards experienced traders, such as advanced charting tools, speedy execution of trades and live market data. These features may come at a cost,
however, and may not add much value if you are a less experienced trader. - The markets you can access. Some share-dealing platforms only provide access to companies listed on the london stock exchange, while others will also allow you to place trades on international markets. Some trading platforms will also provide access to other trading instruments, for example forex and contracts for difference (cfds).
- The fees involved. There are two main costs you need to consider when choosing a share trading platform: the brokerage fee and the ongoing fee. The brokerage fee applies each time you place a trade and is usually around £10-£25, but could be higher based on the size of the transaction. Ongoing subscription fees are charged monthly and vary depending on the provider and the account features you select. Before choosing a platform, make sure you understand the fees you’re likely to pay. As boring money CEO holly mackay told finder, “t ransparency has improved a lot and some platforms are actually now quite good at being very clear on what investors will pay.”
- Trading resources. From educational tutorials to research and investment advice, check what tools a platform offers to help you make informed trading decisions.
- Customer service. If you ever have a problem or need help with a trade, check to make sure you will be able to access prompt and helpful customer support.
How to open a share-trading account
The exact process for opening a share trading account varies depending on the trading platform you select. However, you’ll generally need to complete the following steps when signing up:
- Choose your broker.Research a range of options to find the online stockbroking provider that offers all the features you want at an affordable price. Some providers also offer a choice of share trading platforms, for example a free web-based platform for casual investors and a more complicated software package with a monthly subscription fee for experienced traders.
- Choose your membership level. Some providers offer a choice of membership tiers, each with a different level of features and a different ongoing fee. For example, you may need to choose between a bronze, silver or gold trading account.
- Provide your details. You’ll need to provide your full name and a valid form of photo ID, as well as your email address, phone number.
- Link your bank account. You’ll need to supply details of the bank account which will be used to finance your trades and you may be required to deposit a minimum amount. Some share dealing platforms will also require you to open a cash management account with a specific financial institution before you can start trading.
- Submit your application. Your application to open a share trading account will usually be processed within 1-2 business days.
- Start trading. Once your application has been approved you can login to your account and start trading.
Tips for new investors
Hargreaves lansdown’s sophie lund-yates shares her advice for new investors looking to join the stock market.
Create a trading account
Fill in a simple form
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Fund and start trading
You can also withdraw your money easily, whenever you like
Start trading today. Call 0800 195 3100 or email newaccounts.Uk@ig.Com. We’re here 24 hours a day, from 8am saturday to 10pm friday.
Contact us: 0800 195 3100
Start trading today. Call 0800 195 3100 or email newaccounts.Uk@ig.Com. We’re here 24 hours a day, from 8am saturday to 10pm friday.
Contact us: 0800 195 3100
Why open a trading account with us?
Easy-to-use platforms
Seize your opportunity quickly and securely on fast, powerful platforms and apps.
The world’s no.1 1
Join over 239,000 traders worldwide who trust our FTSE 250, FCA-regulated status, and benefit from over 45 years’ market leadership and expertise.
Competitive spreads
Trade popular markets like EUR/USD from 0.6 points, FTSE 100 from 1 point and spot gold from 0.3 points.
Friendly support
We’re on hand to help you achieve your trading goals, right from the moment you join – 24hrs a day from 8am saturday to 10pm friday.
Effective risk management
Help protect your capital in-platform with our range of stop and limit orders, and keep track of your funds with an always-visible snapshot of your profit and loss.
Expert education
Develop your trading skills with our range of learning resources and practise risk-free in your demo account. Monitor your performance with the trade analytics tool once you start trading live.
What traders are saying
" IG is consistently reliable and trustworthy. You need a name you can trust when you have your money with them "
" IG are premier league compared to other trading systems. I have continuously recommended IG "
" IG is a fantastic broker. Easy deposits, great learning aids and their signals are also very good "
" IG offers by far the best trading service in the UK. Their whole team are both knowledgeable and helpful "
Who are IG?
We invented spread betting in 1974 and have led the way in our industry ever since. Today, we’re the world’s no.1 choice for spread betting and CFD trading. 1
Our business model is built around being on your side and wanting you to trade profitably. We’re a FTSE 250 company, based in london, authorised and regulated by the FCA. We keep your money secure in ring-fenced accounts at regulated banks.
Who are IG?
We invented spread betting in 1974 and have led the way in our industry ever since. Today, we’re the world’s no.1 choice for spread betting and CFD trading. 1
Our business model is built around being on your side and wanting you to trade profitably. We’re a FTSE 250 company, based in london, authorised and regulated by the FCA. We keep your money secure in ring-fenced accounts at regulated banks.
Open an account now
Open an account now
Fast execution on a huge range of markets
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With 45 years of experience, we’re proud to offer a truly market-leading service
Open an account now
Open an account now
Fast execution on a huge range of markets
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With 45 years of experience, we’re proud to offer a truly market-leading service
Start trading now
Log in to your account now to access today’s opportunity in a huge range of markets.
Start trading now
Log in to your account now to access today’s opportunity in a huge range of markets.
Trade on the UK's best platform 2
Create a trading account with IG and you’ll find a wealth of features to save you time and help you deal.
Fast charts
Spot your opportunity and deal direct from our fastest, most responsive HTML5 charts ever.
Trading alerts
Keep your finger on the pulse, wherever you are, with price, indicator and economic alerts.
Best execution
Your success means you’ll stay with us. So we do our utmost to act in your favour at every stage of the dealing process.
Trade wherever, whenever
Busy schedule? Take your position on the move from our award-winning apps. 2
Important information
- Applying by post
- Eligibility requirements
- Proof of identity
- Corporate account
If you'd prefer to apply by post, download and print the relevant pdf form and send it to:
New accounts
IG
cannon bridge house
25 dowgate hill
london
EC4R 2YA
Please remember to include proof of your identity when returning this form. Also make sure that you’ve read and understood our risk disclosure notice, customer agreements, order execution policy, conflicts policy and complaints information.
- You must be over 18
- You must meet our appropriateness assessment (in the application form) to see if spread betting, CFD trading or share dealing is appropriate for you – this is a regulatory requirement
- You must be resident in the UK or ireland to open a spread betting account
- Please note you must be a UK resident to open an IG stocks and shares ISA
Information checklist
We must verify your identity before opening an account for you.
We aim to finalise or respond to your application within a few business hours. Please provide a copy of the following documents:
- Passport OR driving licence
- PLUS a bank statement, credit card bill or utility bill from the last six months (we can’t accept mobile phone bills)
You can send these via any of the methods below:
1. Take a photo of the documents on your smartphone or tablet, then email them to newaccounts.Uk@ig.Com
2. Fax a copy to +44 (0) 20 7 633 5370
3. Post a photocopy to IG, cannon bridge house, 25 dowgate hill, london, EC4R 2YA.
If you’d prefer to discuss your application with a member of our account opening team, please call us on 0800 195 3100 (freephone) or +44 (0) 20 7633 5300.
You can also ask about opening an account on 0800 195 3100 or newaccounts.Uk@ig.Com. We're here 24hrs a day from 8am saturday to 10pm friday.
To find out more about our corporate accounts, email us on institutionalsales@ig.Com or give us a call on +44 20 7573 0219.
If you're ready to apply, please complete one of the below:
An online trading account enables you to trade on markets like forex, shares, indices and more. You may also be able to trade on both desktop and mobile, dependent on your provider.
You can open a trading account by simply completing an online form – meaning that you can often start trading in minutes.
You can typically trade across thousands of markets – such as forex, shares, indices, options and more.
Your security is ultimately in the hands of your provider. 256-bit SSL (secure sockets layer) encryption – used by IG – is the current industry standard for online financial transactions. Some providers also offer two-factor authentication for added account security.
Try these next
Which markets can I trade?
About IG
Learn to trade
Discover our range of over 17,000 markets
See how we've been changing the face of trading for more than 40 years
Explore our resources and take your skills to the next level
1 based on revenue excluding FX (published financial statements, june 2020)
2 best trading platform as awarded at the ADVFN international financial awards and professional trader awards 2019. Best trading app as awarded at the ADVFN international financial awards 2020
Markets
IG services
Trading platforms
Learn to trade
Contact us
Spread bets and cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and cfds with this provider. You should consider whether you understand how spread bets and cfds work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.
The value of shares, etfs and etcs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.
CFD, share dealing and stocks and shares ISA accounts provided by IG markets ltd, spread betting provided by IG index ltd. IG is a trading name of IG markets ltd (a company registered in england and wales under number 04008957) and IG index ltd (a company registered in england and wales under number 01190902). Registered address at cannon bridge house, 25 dowgate hill, london EC4R 2YA. Both IG markets ltd (register number 195355) and IG index ltd (register number 114059) are authorised and regulated by the financial conduct authority.
The information on this site is not directed at residents of the united states, belgium or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
HOW TO OPEN A TRADING ACCOUNT
The stock market has gone electronic in a bid to keep up with the changing times. And so, now it is possible to buy and sell your stocks and exchanges electronically or through a phone call.
But before you dive into the world of stocks and shares, the first step that you will need to take is opening a trading and a demat account.
A trading account allows you to buy and sell shares and security exchanges within a matter of minutes and is managed by a brokerage firm.
How to proceed about opening a trading account?
Select a brokerage firm
To open a trading account, the first step is to find a brokerage firm. This is an important step and you need to choose a firm that takes and processes your orders promptly and diligently.
Since trading, unlike investing, is a short-term game, the returns can shift from very high to very low within minutes or even seconds.
And hence, your orders to buy and sell must be handled swiftly and with precision.
Check for the brokerage charges of the firm
All brokerage firms charge a certain amount of processing fees on your orders. The rate of this charge varies from one firm to another. Some firms may offer a discount on a specific amount of order.
Compare the rates among a few top firms that you are considering before making a final decision. You need not always pick the cheapest option since high-quality brokerage services can sometimes cost above average but they will ensure the maximum return on your investment as well.
Get in touch with the firm
Once you have finalized the firm that you want to go with, you may get in touch with them to enquire about the procedure to open a trading account.
You can do so either telephonically or in person. Most of the reputed firms would then assign a representative to you, who would then visit you with the account opening and KYC forms.
Fill and submit the forms and other documents
Fill in these forms and submit them with other documents that will serve as your identity and address proof.
The documents that can be used as proof are PAN card, voter ID, driving license, passport, IT returns, electricity and telephone bills, or photo ID cards issued by central or state governments, psus, or other authorized bodies.
Complete the verification process
Once your application is submitted, the firm will get in touch with you on the phone or in-person to verify the details that you have submitted in your application.
Once verified, the account will be created and the details will be shared with you. You may need to visit the firm to get these details if your account was opened offline.
If it was opened online, you may log in to the brokerage firm’s official website with your credentials and check your account status.
A trading account is activated almost immediately after opening and you can start trading with it the same day.
Gill broking makes your share investment & trading experience simple with major exchanges like NSE & BSE.
Open your trading account today

Kane pepi
Share trading account
75% of retail investor accounts lose money when trading cfds with this provider.
Buy over 800 global shares with zero commission trade share cfds with tight spreads copy top share traders with the copytrader tool excellent share trading app for ios and android simply user-friendly trading platform
Forex trading account
72.6% of retail investor accounts lose money when trading cfds with this provider.
Huge range of over 140 forex pairs 0% commission forex trading and tight spreads AI-powered trading platform trading app and stand alone educational app news and analysis via capital.Com TV
Share CFD account
80.5% of retail investor accounts lose money when trading cfds with this provider.
Some of the lowest spreads on the market cfds for over 1,800 global shares low overnight interest rates high-quality charting with 107 built-in indicators unlimited share trading demo account
Social trading account
75% of retail investor accounts lose money when trading cfds with this provider.
World’s leading social and copy trading platform copy over 12 million traders and investors invest as little as $200 in copy trades professionally managed copyportfolios discuss strategies and tips with other traders

About kane pepi
Kane pepi is a british researcher and writer that specializes in finance, financial crime, and blockchain technology. Now based in malta, kane writes for a number of platforms in the online domain. In particular, kane is skilled at explaining complex financial subjects in a user-friendly manner. Academically, kane holds a bachelor’s degree in finance, a master’s degree in financial crime, and he is currently engaged in a doctorate degree researching the money laundering threats of the blockchain economy. Kane is also behind peer-reviewed publications - which includes an in-depth study into the relationship between money laundering and UK bookmakers. You will also find kane’s material at websites such as moneycheck, the motley fool, insidebitcoins, blockonomi, learnbonds, and the malta association of compliance officers.
DESCRIPTION
Buyshares.Co.Uk provides top quality insights through financial educational guides and video tutorials on how to buy shares and invest in stocks. We compare the top providers along with in-depth insights on their product offerings too. We do not advise or recommend any provider but are here to allow our reader to make informed decisions and proceed at their own responsibility. By continuing to use this website you agree to our privacy policy."
About us
Registered address
St magnus house, 3 lower thames street, london ECR3 6HE, UK
FOREX trading accounts
Choose an account type that best suits your trading style.
FOREX.Com account
- Advanced trading platforms with customizable interfaces
- Trade forex, equities and more, all on one account
- Fast, reliable trade executions
Metatrader account
- Dedicated FX trading platform
- Exclusive in-platform market news and analysis
- Trades execute at the best available price
DMA account
- Trade on prices as low as 0.1 on all major FX pairs
- Get commission discounts as low as $20/m traded
- Split the spread and place orders within the top of book spreads
What information do I need when opening an account?
We will need you to provide us with your name and address to establish your identity. Typically, we can verify your identity instantly. For more information, see our account document faqs.
What markets does FOREX.Com offer?
You can trade over 80 currency pairs at FOREX.Com. View our full range of markets.
When is forex market open for trading?
You can trade forex at FOREX.Com 24 hours a day, five days a week. For details, read our forex trading times article.
Is there a charge for central clearing?
We provide central counterparty clearing through an omnibus segregated clearing account (OSCA) free of charge as standard to all clients. If you wish to open an individual segregated clearing account (ISCA), fees apply:
- For an individual these charges are: £13,000 account opening fee, plus account maintenance and transaction charges
- For a corporate entity these charges are: £200,000 account opening fee, plus account maintenance and transaction charges
Try a demo account

By opening this demo account you confirm your acceptance of our demo account terms and conditions, privacy policy and disclosures.
Try a demo account

By opening this demo account you confirm your acceptance of our demo account terms and conditions, privacy policy and disclosures.
It's your world. Trade it.
I would like to learn about
Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
CFD and forex trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.
FOREX.Com is a trading name of GAIN capital UK limited. GAIN capital UK ltd is a company incorporated in england and wales with UK companies house number 1761813 and with its registered office at devon house, 58 st katharine’s way, london, E1W 1JP. GAIN capital UK ltd is authorised and regulated by the financial conduct authority in the UK, with FCA register number 113942. GAIN capital UK ltd is a wholly-owned subsidiary of stonex group inc.
FOREX.Com is a trademark of GAIN capital UK ltd.
This website uses cookies to provide you with the very best experience and to know you better. By visiting our website with your browser set to allow cookies, you consent to our use of cookies as described in our privacy policy.
FOREX.Com products and services are not intended for belgium residents.
We use cookies, and by continuing to use this site or clicking "agree" you agree to their use. Full details are in our cookie policy.
HOW TO OPEN A TRADING ACCOUNT
The stock market has gone electronic in a bid to keep up with the changing times. And so, now it is possible to buy and sell your stocks and exchanges electronically or through a phone call.
But before you dive into the world of stocks and shares, the first step that you will need to take is opening a trading and a demat account.
A trading account allows you to buy and sell shares and security exchanges within a matter of minutes and is managed by a brokerage firm.
How to proceed about opening a trading account?
Select a brokerage firm
To open a trading account, the first step is to find a brokerage firm. This is an important step and you need to choose a firm that takes and processes your orders promptly and diligently.
Since trading, unlike investing, is a short-term game, the returns can shift from very high to very low within minutes or even seconds.
And hence, your orders to buy and sell must be handled swiftly and with precision.
Check for the brokerage charges of the firm
All brokerage firms charge a certain amount of processing fees on your orders. The rate of this charge varies from one firm to another. Some firms may offer a discount on a specific amount of order.
Compare the rates among a few top firms that you are considering before making a final decision. You need not always pick the cheapest option since high-quality brokerage services can sometimes cost above average but they will ensure the maximum return on your investment as well.
Get in touch with the firm
Once you have finalized the firm that you want to go with, you may get in touch with them to enquire about the procedure to open a trading account.
You can do so either telephonically or in person. Most of the reputed firms would then assign a representative to you, who would then visit you with the account opening and KYC forms.
Fill and submit the forms and other documents
Fill in these forms and submit them with other documents that will serve as your identity and address proof.
The documents that can be used as proof are PAN card, voter ID, driving license, passport, IT returns, electricity and telephone bills, or photo ID cards issued by central or state governments, psus, or other authorized bodies.
Complete the verification process
Once your application is submitted, the firm will get in touch with you on the phone or in-person to verify the details that you have submitted in your application.
Once verified, the account will be created and the details will be shared with you. You may need to visit the firm to get these details if your account was opened offline.
If it was opened online, you may log in to the brokerage firm’s official website with your credentials and check your account status.
A trading account is activated almost immediately after opening and you can start trading with it the same day.
Gill broking makes your share investment & trading experience simple with major exchanges like NSE & BSE.
How to open a brokerage account for a child
It's generally a good idea to help start your children down the path to financial independence early on in their lives, but an underage person cannot open a brokerage account on his or her own.
It is possible for an underage person to have a brokerage account with his or her own name attached to it, however, if a parent or guardian is involved with the account. There are a few different ways this can happen.
Friends and family may contribute up to $15,000 per child each year free of gift-tax consequences ($30,000 for married couples) to a child's UGMA/UTMA account.
Opening a guardian account
A parent or guardian of an underage child can open what is called a guardian account for the child. Essentially, this is an account in the parent's name, with legal title to the assets in the account, as well as all capital gains and tax liabilities produced from the account belonging to the parent. In this situation, the parent has total ownership and control of the brokerage account and attached the child's name to the account without any legal standing coming with it.
Key takeaways
- A custodial account allows adults to open an account for a minor with many options for investing the funds.
- Custodial accounts can be opened at many financial institutions—banks, investment brokerage houses, and credit unions, for example.
- You cannot open an IRA account in a child’s name, however, a child can open their own when they start earning taxable income.
- Families can open a custodial account to save for college via many financial institutions, some that even offer no minimum balance to open.
Opening a custodial account
Another way a child can have a brokerage account in his or her name is through what is called a custodial account. In this type of account, the child owns the assets contained within the account, but the parent has control of the investment decisions and any withdrawals which might be made.
However, it's important to note that with this type of account, withdrawals or capital gains tax liabilities are taxed in the child's name—not the parent's. Of course, this can be an advantage over the guardian account (in which taxes fall under the parent's name, at their marginal tax rate), since children often pay little to no taxes due to their typically low annual incomes.
Custodial account minimum account balances and interest rates vary by company. Anyone can contribute to the custodial account. Once the minor reaches adulthood, account ownership transfers from the custodian to the minor. However, once the minor reaches adulthood, the minor can decide when and how to use the money.
Opening an IRA account
If a child has already been earning an annual income and has previously filed their taxes, then they would be eligible to open an IRA account with their parent's help. But this is only in the cases where a child has claimed earned income for at least one year already, since IRA accounts require that the account owner has earned income.
Example of a custodial account
There are two types of custodial accounts: the uniform transfers to minors act (UTMA) and the uniform gift to minors act (UGMA) accounts. these are similar, yet the difference between them is in the type of assets one can contribute to them.
A UGMA account can include cash, stocks, mutual funds, or insurance policies. A UTMA account is more flexible and may include any type of asset, including works of art, real estate, or even intellectual property like royalties from a book.
The bottom line
Every state in the union allows for UGMA accounts, but, interestingly, south carolina does not allow UTMA accounts. these two types of custodial accounts are created in a child's name with the guardian or parent acting as custodian. Age limits for accessing the accounts are on a state-by-state basis for a UTMA but are typically anywhere from 18 to 24 years of age. Minors may not be able to open their own brokerage accounts, but family and friends can help them set up custodial or guardian accounts, and when a child begins to earn income (for at least one year), he or she can open an IRA.
Brokerage account
Put your money to work in our easy-to-manage account
Enjoy $0 commissions for online US-listed stock, ETF, and options trades. 2 get easy access to your cash with a free debit card, checking, or bill pay. 3
Open an account in about 10 minutes.


What you get
with an E*TRADE
brokerage account
We have tools to help make investing easy. Youвђ™ll get a full range of investment choices. Ideas of what to invest in. Easy-to-use trading tools. And help whenever you need it.
Start the year with a cash bonus, plus commission-free trades
Got $5,000? Get $50 or add even more and get up to $2,500 when you open and fund a new account. Learn how 1
Trade more, pay less
With E*TRADE, you pay $0 commissions for online US-listed stock, ETF, and options trades.
Hereвђ™s a quick overview of our clear, competitive per-trade pricing.
Stocks
Mutual funds
Prices vary
No load, no-transaction-fee for more than 4,400 funds 4
Options
50вў - 65вў
Bonds
Per bond for online secondary market trades ($10 minimum, $250 maximum) 5
Futures
Per contract, per side вђ”plus fees 6
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Enjoy $0 commissions on online US-listed stock, ETF, and options trades with no account minimums. 2В
Get up to $2,500 with promo code WINTER21. Learn how 1
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PLEASE READ THE IMPORTANT DISCLOSURES BELOW.
E*TRADE credits and offers may be subject to U.S. Withholding taxes and reporting at retail value. Taxes related to these credits and offers are the customer's responsibility.В
Offer validВ for new E*TRADE securities customers opening one new eligible retirement or brokerage account by 1/31/2021 and funded within 60 days of account opening with $5,000 or more. Promo code 'WINTER21'.
New customer opening one account:В these rules strictly apply to clients who are opening one new E*TRADE account, do not have an existing E*TRADE account and do not open any other new E*TRADE account for 60 days after enrollment in this offer. For other circumstances, please refer to the вђњexisting clients or new clients opening more than one accountвђќ disclosures below. Cash credits will be granted based on deposits of new funds or securities from external accounts made within 60 days of account opening, as follows:$5,000-$9,999 will receive $50; $10,000-$19,999 will receive $100; $20,000-$24,999 will receive $150; $25,000-$99,999 will receive $200; $100,000-$249,999 will receive $300; $250,000-$499,999 will receive $600; $500,000-$999,999 will receive $1,200; $1,000,000 or more will receive $2,500. Reward tiers under $100,000 ($5,000-$9,999; $10,000-$19,999; $20,000-$24,999; $25,000-$99,999) will be paid following the expiration of the 60 day period. However, if you deposit $100,000-$249,999, you will receive a cash credit within seven business days. If you have deposited at least $100,000 in the new account, and you make subsequent deposits in that account to reach a higher tier, you will receive a second cash credit following the close of the 60 day window. For example, if you deposit $150,000, you will receive a cash credit of $300 within seven business days, then if you deposit an additional $100,000 into your new account, you will receive an additional cash credit of $300 at the end of the 60 day window for a total reward of $600. If you deposit between $250,000 and $999,999 in your new account, you will receive a cash credit in two transactions at the end of the 60 day windowвђ”depending on your initial funding amount. If you deposit $1,000,000 in your new account, you will receive two cash credits that will total $2,500 within seven business days.
Existing clients or new clients opening more than one accountв are subject to different offer terms. Please click here to view offer terms.
Offer rules for all participantsВ new funds or securities must be deposited or transferred within 60 days of enrollment in offer, be from accounts outside of E*TRADE, and remain in the account (minus any trading losses) for a minimum of twelve months or the cash credit(s) may be surrendered. For purposes of the value of a deposit, any securities transferred will be valued the first business day following completion of the deposit. Removing any deposit or cash during the promotion period (60 days) may result in lower reward amount or loss of reward. E*TRADE securities reserves the right to terminate this offer at any time. If you are attempting to enroll in this offer with a joint account, the primary account holder may have to fulfill at the tiers noted before the secondary account holder can enroll in this offer. If you experience any issues when attempting to enroll with a joint account, please contact us 800-387-2331 (800-ETRADE-1) and we will be able to assist you with your enrollment.
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Contents
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- About kane pepi
- DESCRIPTION
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- Important information
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- About IG
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- HOW TO OPEN A TRADING ACCOUNT
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- About kane pepi
- DESCRIPTION
- About us
- Registered address
- FOREX trading accounts
- Try a demo account
- Try a demo account
- HOW TO OPEN A TRADING ACCOUNT
- Select a brokerage firm
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- Complete the verification process
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- Have questions? Get jargon-free answers.
- Start investing today
- ETRADE footer
- About us
- Service
- Quick links
- Connect with us
- Check the background of E*TRADE securities LLC onв FINRA's brokercheckв andв see E*TRADE...
- PLEASE READ THE IMPORTANT DISCLOSURES BELOW.
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