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ING Direct offers two main types of accounts for traders:
Standard Account: This account is designed for active trading on the stock exchange. It allows users to trade various securities without additional commissions, except for the brokerage fee based on transaction turnover.
Investment Account: This account is tailored for working with mutual funds through management companies. It provides different levels of risk and return for investments, catering to those looking for a more managed investment approach.
Both account types have a minimum deposit requirement of €1, and there are no fees for deposits, withdrawals, or account maintenance, making it accessible for traders of all levels.
Opening an account with ING Direct involves several steps:
Visit the Official Website: Go to the ING Direct website to start the account opening process.
Open a Bank Account: Initially, you need to open a bank account with ING Direct, which will serve as your trading account login.
Access Personal Account: After opening a bank account, log into your personal account.
Fill Out Registration Form: Complete the registration form, providing necessary details such as your account registration number and the date of opening.
Choose Account Type: Select the type of trading account you wish to open (Standard or Investment).
Verify Identity: Provide any required documentation for identity verification, such as a copy of your ID or utility bill.
Fund Your Account: Transfer funds from an existing bank account to fund your new ING Direct account.
Review and Confirm: Double-check all provided information for accuracy and confirm the account setup.
Start Trading: Once your account is set up and funded, you can begin trading on the stock exchange through the ING Direct platform.
This process ensures that you can start trading quickly and efficiently while benefiting from the services offered by ING Direct.