Where is it safe to open a stock account?

BlogOctober 28, 2021

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Where is it safe to open a stock account? The stock account is an account used to trade securities of many different countries around the world. An international stock account is an account opened by a stockbroker, and they accept foreign nationals to exchange through their platform. Through that account, you can buy or sell foreign stocks or other securities globally. The following article will guide you in detail on choosing an international stockbroker and how to open an account.

Where to open a stock account?

To buy foreign stocks, you must first open an international securities account. After depositing money into your account, you can find the foreign stock ticker you want and execute your first order to buy foreign shares.

The most important thing to open an international stock account is to find a reputable and suitable broker. There are many global stock exchanges on the market today. However, an investor’s job is to choose a good and safe broker for himself. Here are some essential criteria for selecting a stockbroker:

Reputable authorities license the broker.

Currently, the majority of international stockbrokers are online trading platforms. Their trading platforms often combine products: stocks, forex, commodities, metals… Usually, reputable exchanges will operate by major financial regulators such as FCA, ASIC, CySec…

If reputable regulatory agencies regulate an ad platform, you can check the agencies’ homepages. There may be unregulated brokers as advertised.

Stock exchange commission-free or low transaction fee

One of the criteria chosen by many investors when trading international securities is to be commission-free or have low transaction fees. Because the interests of investors are profits. The lower the transaction fee, the more guaranteed your profit.

Currently, two international stockbrokers offer commission-free swaps for unlevered overnight stocks: eToro and Capital.com.

Fast and convenient deposit and withdrawal

A highly rated broker needs to make sure deposits and withdrawals are smooth and easy. Before using any foreign stock exchange, you need to see if the broker has favorable deposits or withdrawals. You can test by trading with a small amount first and make a deposit/withdrawal to check the convenience and credibility of the deposit/withdrawal. In addition, you can also check this information through forums/investor communities on the Internet…

A step-by-step guide to opening an international stock account

This article will guide you to open a stock account at eToro and Capital.com with some of the above criteria. These two brokers are pretty reputable and familiar with the investor community. In addition, their interface is quite friendly, easy to use for new investors. In addition, they are also low-trading and commission-free brokers for buying shares without leverage.

The main differences between these two brokers are:

  • eToro has a copy trade feature for investors with no experience and knowledge who want to use the copy trade feature.
  • Capital.com has a more convenient deposit portal than eToro. You can easily fund Capital.com through your local bank. Meanwhile, eToro must top-up via Paypal or Neteller e-wallet.

Open an international stock account via eToro

Step 1: Click on the link introduced by Investiki.com below for support when needed.

* 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 account registration information, check the two boxes to accept the terms, and click [Create anaccount].

What is a stock account? Where is it safe to open a stock account? A step-by-step guide to opening an international stock account

  • Username: Unsigned characters or digits, not duplicated by anyone who has opened an account at eToro.
  • Email: Email in use. This email is used to contact eToro, or eToro will contact you when there are any issues related to your account.
  • Password: The secret password to log into your eToro account. Password must be between 8-32 letters and contain both numbers and capital letters.

Step 3: After completing step 1, you have successfully opened an eToro account. To use your eToro account for international stock trading, you need to verify your account.

Click on the word [Verify] that appears on the screen after you log in.

What is a stock account? Where is it safe to open a stock account? A step-by-step guide to opening an international stock account

Or you click the arrow on the left side to expand the Menu bar and click [Complete Profile]

What is a stock account? Where is it safe to open a stock account? A step-by-step guide to opening an international stock account

At the [Complete Your Profile] window, select [Continue] and follow the instructions.

In the following steps, you follow the instructions displayed on the screen.

Note:

You need to prepare 02 documents to verify your account, including:

  • Identity verification documents: ID card/Citizen ID card or passport
  • Proof of address: Driver’s license or bank statement or electricity/water/internet bill… in the last six months.

The address information you need to fill in is the same as the address printed on the document you used to verify the address.

Step 4: Deposit money into your account.

eToro requires a minimum first deposit of $200.

To fund your eToro account, you need USD in your e-wallet. You can use Paypal or Netteler e-wallets.

Instructions to open an international stock account via Capital.com

Step 1: Click on the link introduced by Investiki.com below for support when needed.

Step 2: Enter your Capital.com account email and password. Then click [Continue]

  • Email: Must be the email you are using and have not registered an account at Capital.com
  • Password: Used to log in to your Capital.com account. Password must be at least eight characters, have at least one uppercase letter, 1 number, one unique personality, and one lowercase letter.

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

Step 2: After registering for an account, follow the steps to verify your account according to the instructions displayed on the screen.

At Capital.com, you only need to use 1 type of document to verify your account. You can use your ID/CCCD or passport to verify your account.

Step 3: You can deposit to your account via e-wallet or internet banking of many different banks around the globe.

Conclusion

Above is a guide on how to open an international securities account. In general, opening an account at both eToro and Capital.com is relatively easy and fast. In particular, these two brokers are pretty reputable globally and used by many traders globally.

Investiki.com

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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