There are several well established and highly reputable online stock brokerages to choose from. As an example, we will focus on just one service to illustrate how accessible online stock market trading can be.
The stock market is one of America’s favorite ways to invest. It is estimated that up to half of all Americans own stock. If you aren’t yet trading stock, then you could be missing out on some serious opportunity to grow your wealth and create a stable future.
TD Ameritrade is the Most Popular Online Trading Platform
TD Ameritrade is one of the most reputable online brokers today. The company has been involved in investment for more than four decades and provides extensive investment products as well as educational resources for new investors.
Joining TD Ameritrade is simple and if you’re an American Citizen or Resident then you can typically complete your application and gain access to the trading platform without leaving your computer.
All stock brokers are required to know who their clients are. Because of this you’ll need to provide information such as:
- Your social security number.
- Employer’s name and address.
- Valid identification.
- Complete contact information.
The application process is automated but there are some verification steps, so you’ll need to provide an email address and a phone number.
If you are signing up to trade from another country, then additional documentation will be required. The best way to apply from overseas is to contact TD Ameritrade (or a trusted broker of your choice) to get complete instructions and sign up requirements.
Why Choose a Company Like TD Ameritrade to Get Started in the Stock Market?
There are some key advantages to trading online rather than through a conventional broker or financial advisor.
- You can start trading with a small amount of capital (in some cases less than $5).
- Most online brokers do not charge account maintenance fees, and instead charge a fee per transaction.
- You can trade in real time as you monitor stock prices from home.
- Online brokerages are regulated. In the case of TD Ameritrade, FINRA is the regulator (and is itself regulated by the Securities and Exchange Commission).
Even if you only have a small amount to invest, there’s no reason not to at least try stock trading today. With a minimal amount of capital, there’s very little risk involved, allowing you to trade at your own pace while developing an understanding of the market.
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