Hello Everyone,
Currently I am plowing through a list of various brokers out there, because I am almost ready to open up a broker account. Since I am a Newbie, I was just curios to know what is the basic information that will be asked of me in opening my broker account?
I pretty much figure that they will want to know my full name, address, and social security number. What else can I expect to be asked? Also, since the broker will be asking for my social security number, will they also be pulling a copy of my credit report? Since my credit is not the greatest and since I am not interested in a Margin Account, I am somewhat wondering will they need to pull my credit report?
Lastly, since I have never had an online broker account before, how do I learn how to do my trades online? Is there a basic instruction manual on their website or will they walk me through my trades over the phone (a few times) as I do them online?
Glen
Currently I am plowing through a list of various brokers out there, because I am almost ready to open up a broker account. Since I am a Newbie, I was just curios to know what is the basic information that will be asked of me in opening my broker account?
I pretty much figure that they will want to know my full name, address, and social security number. What else can I expect to be asked? Also, since the broker will be asking for my social security number, will they also be pulling a copy of my credit report? Since my credit is not the greatest and since I am not interested in a Margin Account, I am somewhat wondering will they need to pull my credit report?
Lastly, since I have never had an online broker account before, how do I learn how to do my trades online? Is there a basic instruction manual on their website or will they walk me through my trades over the phone (a few times) as I do them online?
Glen
