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Public offers a straightforward brokerage account that caters primarily to long-term investors. It allows trading in a variety of assets including stocks, ETFs, options, fixed income, cryptocurrencies, and collectibles. The platform features commission-free trades with no account minimum, making it accessible for new investors. Additionally, Public offers fractional investing, enabling users to invest in high-value stocks with smaller amounts of capital.
Visit the Public Website or Download the App: Start by navigating to Public's official website or downloading their mobile app from the App Store or Google Play.
Create an Account: Click on the "Sign Up" button. You will need to provide personal information such as your name, email address, phone number, and date of birth.
Verify Your Identity: Public will require you to verify your identity by providing a government-issued ID, such as a driver's license or passport.
Link Your Bank Account: To fund your brokerage account, you'll need to link a bank account. This typically involves providing your bank account number and routing number.
Fund Your Account: Once your bank account is linked, you can transfer funds into your Public account to start trading.
Start Investing: After your account is funded, you can begin trading stocks, ETFs, and other assets available on the platform.
Fidelity provides a comprehensive range of account types, including individual brokerage accounts, retirement accounts (IRAs), and health savings accounts (HSAs). The brokerage is well-suited for both long-term investors and active traders, offering access to stocks, ETFs, mutual funds, options, and fixed income products. Fidelity's platform is known for its robust research tools and excellent customer support.
Go to Fidelity's Website: Visit Fidelity's official website to begin the account opening process.
Choose Your Account Type: Select the type of account you wish to open (e.g., individual brokerage, IRA, etc.).
Complete the Application: Fill out the online application form with your personal information, including your Social Security number, address, and employment details.
Verify Your Identity: Fidelity may require you to verify your identity by submitting a government-issued ID.
Fund Your Account: You can fund your account via bank transfer, check deposit, or wire transfer. Fidelity typically has no minimum deposit requirement for most accounts.
Start Trading: Once your account is funded, you can start trading immediately.
Robinhood is known for its commission-free trading platform, primarily targeting beginner investors and those who prefer mobile trading. It offers a simple brokerage account that allows trading in stocks, ETFs, options, and cryptocurrencies. Robinhood also supports fractional shares, enabling users to invest in high-priced stocks without needing to purchase whole shares.
Download the Robinhood App: Start by downloading the Robinhood app from the App Store or Google Play.
Sign Up for an Account: Open the app and click on "Sign Up." Provide your email address, create a password, and enter your personal information.
Verify Your Identity: Robinhood will ask for your Social Security number and a government-issued ID to verify your identity.
Link Your Bank Account: Connect your bank account by entering your account and routing numbers.
Fund Your Account: Transfer funds from your bank account to your Robinhood account. There is no minimum deposit required.
Begin Trading: Once your account is funded, you can start trading stocks, ETFs, options, and cryptocurrencies.
Charles Schwab offers a variety of account types including individual brokerage accounts, retirement accounts (IRAs), and custodial accounts. Schwab's platform is designed for both beginner and advanced investors, providing access to a wide range of investment options, including stocks, ETFs, mutual funds, and options.
Visit the Charles Schwab Website: Go to Schwab's official website to start the process.
Select Account Type: Choose the type of account you want to open (individual, joint, IRA, etc.).
Fill Out the Application: Complete the online application by providing your personal information, including your Social Security number and employment information.
Identity Verification: Provide a government-issued ID to verify your identity.
Fund Your Account: You can fund your account via bank transfer, check, or wire transfer. Schwab has no minimum balance requirement for most accounts.
Start Investing: After funding your account, you can begin trading immediately.
Explore broker markets account types: forex/trading accounts with demo access.