How to open a stock account step by step?

BlogOctober 11, 2021

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Foreign stock investment is a trend and an attractive investment field in Vietnam because of the flexibility in using capital and the profit it brings in the long run. However, many people still do not know how to open a stock account? How it works… This article will help you learn how it works and the easiest way to open an international stock account.

What is a stock account?

step by step? 1

A stock account is an investment account that you can open with an investment company or brokerage firm. Opening a stock account is very simple and has no fees. Once your stock account is open, you can fund it to buy investments, like stocks or mutual funds. The brokerage firm helps you place an investment order and usually collects a commission for doing so.

A stock account gives you access to a wide range of different investments, including stocks, bonds, mutual funds, index funds, and exchange-traded funds. Many brokers also offer more sophisticated investments, like options, forex or futures, and safer investments like CFDs, bonds, and cash management accounts.

After making a deposit and owning the securities assets, you can sell the investments and withdraw the funds at any time. The broker manages your account and acts as an intermediary between you and the investments you want to buy. You place an order, and the trade is executed almost instantly.

Criteria for choosing a broker

Before opening a stock account at an online broker, consider what the broker offers compared to others. Here are a few items to watch out for:

Transaction costs: Do not rely on a single charge, such as the cost of trading securities, as brokers often have a variety of fees. Be sure to find out all the prices when you get into investing. While a broker may have the lowest commissions per trade per share, that will help you very little if you mainly invest in mutual funds, where commissions can be unattractive.

Wide range of investment products: A good broker will offer many different securities assets – stocks, bonds, mutual funds, exchange-traded funds (ETFs), etc. Even if you want to invest, When it comes to investing in ETFs, you must consider the possibility of expanding your investment products in the future. Therefore, you will need a broker that can provide you with all the options.

Minimum Initial Deposit Requirement: Most stockbrokers have a minimum initial investment requirement, which can be thousands of dollars. If you are a new investor with little or no investment capital, you should find out if the broker has requirements that match your qualifications. Some brokers have no minimum standards or only ask for a few hundred dollars. eToro is a reputable online broker that only requires a minimum of $200 for the first deposit.

Third-party review of that stock exchange: Before trying to open a stock account at any broker, get opinions from people who have been or are investing with that company. No matter how convincing an ad broker is, problems can be apparent for those who experience their services firsthand.

Quality customer service: Even professional investors sometimes need help from a customer support center. Make sure the stockbroker you choose offers a variety of support methods and is available when you need it.

Your Investment Personality: Are you an active trader or a buy-and-hold investor? Whatever you do will influence your choice of broker. If you’re a buy-and-hold investor and invest primarily in index funds, making only a few trades per year, fund selection may be more important to you than low transaction fees, getting shares,… like eToro, Capital.com. On the other hand, if you are an active trader, making dozens of trades a year, then transaction fees will be a significant consideration, and you can opt for a CFD stock exchange like XM has also met your individual needs.

How to open a stock account?

How to open a stock account is a simple process – usually, you can complete the online registration steps in just a few steps by filling in basic information such as Email, phone number, full name…

Once you’ve opened a stock account, you’ll need to start doing identity and address verification and fund the account. Once the process is complete, you can begin investing.

Nowadays, brokers often allow you to use leverage when investing and trading. However, the use of force will involve many risks when investing. Therefore, if you are learning how to open a stock account and make your first trades, you should limit the use of leverage to keep your capital safe.

Some forex brokers currently offer CFD securities products for traders who want to try their hand at trading in this area. For example, Capital.com floor has CFD products: indices, stocks, futures contracts…

However, there are few options for investors who want to open a professional stock account to receive dividends. This article will show you how to open a stock account at a reputable broker that mainly focuses on the stock market, cryptocurrencies, and copy trading – eToro.

How to open a stock account on Capital.com?

Step 1: Visit Captilal.com by following the link below:

Step 2: Fill in the registration information, including:

  • Email: your email address
  • Password: the password you want to set for your Capital.com account

2 Capital.com How to open a stock account step by step_

Click the [Continue] box to go to the next step.

Step 3: Complete the profile, click [Complete].

3 Capital.com How to open a stock account step by step_

Fill in the information about the address of residence (country), nationality (nationality), and date of birth that suits you and click [Continue].

Step 4: In the next window, fill in the following personal information:

  • Name
  • Middle name
  • Surname
  • Date of birth

Step 5: Fill in the residential address (the same as the address in the documents used for subsequent verification – ID card/CCCD, passport, driving license)

Step 6: Enter your phone number (remove the leading zero).

Step 7: Select deposit/withdrawal currency.
What is a stock account? Choosing a broker before opening a stock account. How to open a stock account on Capital.com and eToro

Step 8: Finally, read the broker’s terms and conditions thoroughly and press [Accept].

What is a stock account? Choosing a broker before opening a stock account. How to open a stock account on Capital.com and eToro

You have completed opening a Capital.com account. To trade stocks, you need to verify your account and fund it.

eToro account opening instructions

Step 1: Click on the registration link:

* See more: The complete guide eToro from a to z

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Step 2: Fill in the required information and click [Create Acount].

What is a stock account? Choosing a broker before opening a stock account. How to open a stock account on Capital.com and eToro

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Step 3: Complete the account verification steps, including:

  • Answer questions about financial literacy: This section is not very important. You need to choose according to your knowledge or choose between levels to qualify.
    Fill in the address information: You should note that the address information should be in Vietnamese without accents, without dots and commas, and must match the information on the address verification paper you use. If your address does not have a number, enter 00.
  • Upload a photo of your ID (2 sides) to verify your identity and upload an image of your driver’s license or bill with your address, red stamp, or a photo of your household registration (Home page and page with the name of the eToro account holder).
  • Verify phone number: Enter the phone number you registered in step 2 and enter the verification code sent to your phone to complete the account verification steps.

Above are some experiences as well as how to open eToro and Capital.com securities accounts. Both brokers can buy stocks to receive periodic dividends if you buy stocks without leverage or day trading. These are reputable brokers, which are increasingly being studied and trusted by more and more investors. In particular, when you open an account at these two brokers, you both have a free virtual account to practice before investing with real money. With the above instructions on opening a stock account, you can hopefully easily open an account and be ready to participate in the international stock market.

Investiki.com

Read more: capital.com, etoro

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