Public Account Type

Public offers a commission-free trading platform that caters to long-term investors. It allows users to trade stocks, ETFs, options, cryptocurrencies, and even collectibles. The platform is known for its user-friendly interface and no account minimum requirement, making it ideal for beginners and casual investors. Additionally, Public provides features such as fractional investing and a high-yield cash account.

Public Broker Account Opening Process

• Visit the Public Website: Go to the Public website and click on the "Open Account" button.
• Provide Personal Information: Enter your mobile number, email address, and other basic details.
• Verify Identity: You will need to provide your Social Security Number (SSN) and date of birth for identity verification.
• Link Bank Account: Connect your bank account to fund your brokerage account.
• Complete the Application: Review and submit your application. You may receive a confirmation email with your login credentials once your account is approved.

Fidelity Account Type

Fidelity offers a variety of account types, including individual brokerage accounts, IRAs (Traditional and Roth), and HSAs. It provides commission-free trading on stocks, ETFs, and options, with a per-contract fee of $0.65 for options. Fidelity is well-regarded for its research tools and customer support, making it suitable for both beginners and experienced investors.

Fidelity Broker Account Opening Process

• Go to Fidelity's Website: Navigate to the Fidelity Investments website.
• Select Account Type: Choose the type of account you want to open (e.g., individual, joint, IRA).
• Fill Out Application: Provide your personal information, including your SSN, address, and employment details.
• Fund Your Account: Link a bank account for funding your new brokerage account.
• Review and Submit: Complete the application and submit it. You will receive confirmation once your account is activated.

Charles Schwab Account Type

Charles Schwab provides multiple account types, including individual brokerage accounts, joint accounts, and various retirement accounts. It offers commission-free trading on stocks, ETFs, and options, with a $0.65 fee for options contracts. Schwab is known for its comprehensive research tools and excellent customer service.

Charles Schwab Broker Account Opening Process

• Visit the Schwab Website: Go to the Charles Schwab website and click on "Open an Account."
• Choose Account Type: Select the type of account you wish to open.
• Enter Personal Information: Fill in your name, address, SSN, and other required details.
• Link a Bank Account: Connect a bank account for funding.
• Complete Application: Review your information and submit the application. You will receive an email confirmation once your account is set up.

Robinhood Account Type

Robinhood offers a straightforward account type focused on commission-free trading for stocks, ETFs, options, and cryptocurrencies. It is particularly appealing to younger investors due to its mobile-first design and ease of use. Robinhood allows fractional shares, enabling users to invest with smaller amounts.

Robinhood Broker Account Opening Process

• Download the App: Install the Robinhood app on your mobile device or visit the website.
• Sign Up: Click on "Sign Up" and enter your email address and password.
• Provide Personal Details: Fill in your name, address, date of birth, and SSN for verification.
• Link Bank Account: Connect your bank account for funding.
• Submit Application: Review the terms and submit your application. You will receive confirmation and can start trading once your account is approved.

Interactive Brokers Account Type

Interactive Brokers offers various account types, including individual, joint, and retirement accounts. It is known for its low-cost trading options and access to a wide range of investment products, including stocks, options, futures, and cryptocurrencies. The platform is designed for active traders and offers advanced trading tools.

Interactive Brokers Broker Account Opening Process

• Go to the Interactive Brokers Website: Visit their homepage and click on "Open an Account."
• Select Account Type: Choose the type of account you wish to open.
• Fill Out Application: Provide your personal information, including your SSN and employment details.
• Verify Identity: Complete any required identity verification steps.
• Fund Your Account: Link a bank account to transfer funds into your brokerage account.
• Submit Application: Review and submit your application. You will receive an email with your account details once approved.