Discover Brokerage Account Types

　　Discover Brokerage offers various types of accounts suitable for different investors. The primary account types include:

• 　　Individual Brokerage Account: This account is designed for individual investors who wish to trade stocks, bonds, and other securities. It typically requires a minimum deposit of $2,000 to open, and trading fees are $14.95 for market orders and $19.95 for limit orders up to 5,000 shares.

• 　　Margin Account: This account allows investors to borrow funds to trade securities, providing the potential for increased buying power. Margin account interest rates range from 0.75% to 2.5% over the broker call rate.

• 　　Retirement Accounts: Discover may offer options for retirement accounts such as IRAs, allowing investors to save for retirement while benefiting from tax advantages.

• 　　Joint Accounts: This type of account can be opened by two or more individuals, allowing shared investment opportunities and joint management of funds.

• 　　Custodial Accounts: Designed for minors, these accounts allow adults to manage investments on behalf of a child until they reach the age of majority.

  　　

　　

Discover Brokerage Account Opening Process

　　Opening a brokerage account with Discover Brokerage involves several straightforward steps:

• 　　Visit the Website: Go to the Discover Brokerage website to begin the account opening process.

• 　　Select Account Type: Choose the type of account you wish to open (Individual, Margin, Retirement, Joint, or Custodial).

• 　　Complete the Application: Fill out the online application form with personal details, including your name, address, social security number, and employment information.

• 　　Verification: You may need to provide a valid form of identification, such as a driver's license or passport, for verification purposes.

• 　　Fund Your Account: Once your application is approved, fund your account with a minimum deposit of $2,000 or the required amount for other account types.

• 　　Start Trading: After funding your account, you can begin trading stocks, bonds, and other securities through the Discover Brokerage platform.

　　For more information, visit Discover Brokerage.