Erste Investment Account Type

Erste Investment offers various types of accounts suitable for different investor needs. The primary account types include:

• Standard Brokerage Account: This is the basic account type for general trading activities, allowing investors to buy and sell various financial instruments such as stocks, ETFs, and bonds.

• TBSZ Account: A tax-advantaged long-term investment account available in Hungary, designed for investors looking to save for the long term with favorable tax treatment.

• NYESZ Account: A pension account that provides tax benefits for retirement savings, encouraging investors to set aside funds for their future.

All accounts can be opened in multiple base currencies, including HUF, EUR, USD, GBP, and CHF, which helps avoid conversion fees when funding the account.

Erste Broker Account Opening Process

Opening an account with Erste Broker is a straightforward process that can be completed online. Here are the steps involved:

• Visit the Erste Broker Website: Go to the official Erste Broker website to begin the registration process.

• Fill Out the Registration Form: Complete the online registration form with your personal details, including your name, email address, and phone number.

• Verify Your Identity: You will need to provide documents to prove your identity and residency. This may include a government-issued ID and a proof of address.

• Complete a Trading Experience Survey: This survey assesses your financial knowledge and trading experience, which is a standard procedure for all new account holders.

• Choose Your Account Type and Base Currency: Select the account type that best fits your investment goals and choose a base currency for your account.

• Fund Your Account: The minimum deposit required is $0, allowing you to start trading with any amount. However, you can only deposit funds via bank transfer.

• Account Approval: The account verification process typically takes 1-3 days. Once approved, you can start trading.

The entire account opening process is fully digital, making it convenient for investors to set up their accounts from anywhere.