How To Set Up A Stock Account

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Setting up an online investing brokerage account can be a flake intimidating. That'southward why The Motley Fool has put together a few pace-past-step guides to help walk you lot through the process. For this how-to, we're focusing on Allegiance's online individual brokerage account. If you'd similar to come across competing offers from other brokers, then caput on over to our broker comparison page.

What you'll need to become started

Y'all'll need to have the following information on hand to get your Allegiance business relationship up and running:

Social Security number.
Employer's proper noun and address, if applicable.
Bank business relationship information to fund the business relationship.

In that location aren't any fees for opening up or maintaining a Allegiance brokerage business relationship, just there is a $2,500 investing minimum. So you tin can set an account for gratuitous, but you'll need to fund it with $2,500 to start investing. As with near online brokerage accounts, in that location'due south an disinterestedness trade fee, which is $seven.95 per trade for Fidelity.

If you need assist during the application procedure, Fidelity provides a link on the right-mitt side of the folio where you lot can chat with an online representative. You can also call the number above the chat option.

Paradigm source: Author screenshot of Fidelity site.

Step 1: Fill in your personal information

First, get here and click "Open up online" next to the first option, "Brokerage Account - The Allegiance Account." Select private business relationship and click "Next," and then you'll exist asked whether you're an existing Fidelity customer. If y'all don't already have a Fidelity account, and then yous'll need to fill in some basic personal information -- email address, street accost, Social Security number, and so on -- on this page and the following page.

This section will also be where you lot enter your employment information, if applicable. The site will also ask you to gauge how often you lot'll exist trading. (Promise united states of america yous'll stay away from solar day trading.)

You'll also be asked whether you're associated with a broker-dealer, a stock substitution, or the Financial Industry Regulatory Potency. Y'all'll also take to answer whether you or whatsoever firsthand family members are a director or a 10% shareholder of a publicly held company. About probable, you'll reply "no" to these questions.

Image source: Author screenshot of Fidelity site.

One time you've filled out the personal information and answered those quick questions, move on to Stride 2.

Step two: Add business relationship settings

On this page you'll answer a few quick questions almost your business relationship. It's worth noting here that Fidelity'southward account settings are some of the simplest and quickest to prepare. Other brokerage accounts aren't necessarily hard, but Allegiance's is ane of the nearly straightforward.

Y'all'll essentially but reply questions about your email preferences and whether y'all want to subscribe to Fidelity's newsletter. The visitor besides discloses hither that it volition automatically put your money in a coin market account when you're non using it to invest. If y'all don't want Allegiance investing the money y'all're not using, and so there's a link to see other options as well.

Image source: Author screenshot of Fidelity site.

Step 3: Review and confirm

Yous're nearly washed. In this section you lot'll just review your personal data, the account you selected, your employment information, and some general account settings.

You'll also go through some technical data, such equally the client agreement, terms and atmospheric condition, electronic commitment understanding, and and so on. Read and review these documents, and and so click the "yeah" button at the bottom.

Image source: Author screenshot of Fidelity site.

The side by side page will prove a taxpayer identification understanding and some additional terms. Once y'all read though them, only click "Open account."

Step four: Fund the account and beginning investing

Congratulations -- you've opened the account! From here you'll exist able to fund your business relationship using your banking company information, or you tin can fund it through another brokerage business relationship.

Other than that, you're all done setting up your Allegiance brokerage business relationship. Remember that yous can always view special broker offers here, and if you demand some tips on how to get started investing, check out these handy Motley Fool articles:

How to Invest
Why Should I Invest?
What Should I Invest In?
When'southward the Correct Fourth dimension to Invest?