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no you cannot pay in cash to open an brokerage account.
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∙ 17y ago
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Is it possible to open a brokerage account online?
It is possible to open a brokerage account online through one of the online banking institutions. The Bank of America offers an online brokerage account.
What are the different kinds of brokerage account types asked by Bradley Associates Spain?
Yes, actually brokerage houses offer clients a number of different accounts. The most common ones are a cash account, a margin account (cash and margin account), and an option account (cash, margin, and option account). Basically, these accounts represent different levels of credit and trustworthiness of the account holder as evaluated by the brokerage house.
What is a margin account?
A " Margin Account" is a type brokerage account in which the broker-dealer lends the investor cash, using the account as collateral, to purchase
What is the legal age to open a brokerage account?
You must be past the age of a minor in your state.
How does the FDIC protect non-banking stockholders?
The FDIC will cover your cash balance in your brokerage/investment account- but only if you signed up for an FDIC-insured cash account. If your cash balance is stored in a cash account as opposed to a money market account, the cash is stored in an account that counts as a savings account. This way, your cash balance can be insured by the FDIC while your invested amount is riding the stock market wave...
Where can one purchase a silver etf?
"You can buy any type of ETF through a stock broker. Open up a brokerage account at your favorite brokerage, deposit money in the account, and buy the eft."
What is brokerage journal entry?
Debit brokerage paidCredit cash / bank
How do you acquire treasury inflation securities in an IRA?
You open an IRA account at a brokerage firm. Nearly all brokers buy and sell Treasury securities of all types, but check with the brokerage firm before opening the account.
What is the minimum age to start a brokerage account?
In order to open a brokerage account in your own name you must show proof that you are of legal age, usually 18 years old or in some states 21 years old.
Difference between current account and cash credit account?
i am a student and wanted to open my account should i open a current account or credit account
What kind of bank account millioners use for example what kind of account should i have for keeping 20 million dollars?
Millioners would use a brokerage-based cash management account to keep their money in.
Who to open a stock brokerage firm in the US?
requirements to open stock brokerage firm
