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You must be 18 to establish a trading account. If you are under 18 you can have an account assigned to your social security number but it must be a custodial account and a custodian will control the account until you are 18 years of age.
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∙ 15y ago
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What law restricts a minor to operate a trading account?
In most cases the law of majority. Only an adult can sign a legally enforceable agreement.
Can GE stock be bought online?
Yes. If you have an online trading account, you can Logon to your online trading account and buy it.
How old are you to have a bank account?
You need to be atleast 18 years old in order to open a bank account that you can operate individually. If you are less than 18 years old, you will be termed a minor and the bank will expect your legal guardian or parents to be a co-holder of the bank account.
What is a commodity trading account for?
A commodity trading account is needed to trade commodities. One can use a commodity brokerage also, which would assist in the trading or purchasing of commodities.
What is tarde account?
What Does Trading Account Mean?1. An account similar to a traditional bank account, holding cash and securities, and is administered by an investment dealer.2. An account held at a financial institution and administered by an investment dealer that the account holder uses to employ a trading strategy rather than a buy-and-hold investment strategy.Investopedia explains Trading Account1. Though trading accounts are traditionally thought to hold only stocks, a trading account can hold cash, foreign cash, securities and a number of other types of investments.2. Investors who use a number of trading strategies or have a number of brokerage accounts may separate their accounts in order to avoid confusion. One account may be a registered account for their retirement savings; another account may be a buy-and-hold account for their long-term stocks; another may be a margin account; and another may be a trading account used for conducting day-trading activities.
What age do you have to be to open a bank account?
You need to be atleast 18 years old in order to open a bank account that you can operate individually. If you are less than 18 years old, you will be termed a minor and the bank will expect your legal guardian or parents to be a co-holder of the bank account.
Can you get a hsbc bank account at 10?
You need to be atleast 18 years old in order to open a bank account that you can operate individually. If you are less than 18 years old, you will be termed a minor and the bank will expect your legal guardian or parents to be a co-holder of the bank account.
Is account trading allowed on Dragonfable?
No.
What is a trading account and how do you use it?
A trading account is a bank account like a traditional one which holds cash including foreign and securities. It is used for people who are invested in stocks.
What is the definition of a trading account?
A trading account is simply an account that allows you to buy or sell securities and/or company stock. It's what you need if you want to start investing on your own.
Can creditor garnish bank account with minor as beneficiary?
Yes. They cannot garnish the minor's account, however.
What is online trading account?
An online trading account is what you establish if you want to trade online. When you buy and sell stocks online, you use an online broker. There are many different types of accounts you can open online: individual and joint, custodial accounts for your children, and retirement accounts. In terms of online trading accounts, you must choose between a cash and margin account. I encourage you to wikipedia this further and do research to see which account suits you best.Answer:An online trading account allows you to buy/sell stocks, commodities, etc. online. For trading in stock markets it is necessary to have a trading account. An online trading account facilitates the user to trade from the ease of the home using internet. One can open an online trading account from reputed stock brokers in India like GEPL Capital.
