Introduction
When you want to invest in the stock market you first need a trading platform. When you are choosing a trading platform you have to be very careful because you will probably use that platform for quite some time. Scott trade has a very good platform and their services are very good. Opening an account at Scott trade is very easy and you just need to follow some easy steps.
Step 1
The account creation process is very quick you just have to fill an online form at first. Scott trade has a lot of branch offices and you can always check for advice with a person that is close to your location.
The first thing you have to do is go to the Scott trade homepage and click on the “Open a New Account” button. After you clicked on the button you will be transferred to a new page, you will have to fill the form on this page. When you apply online you will be asked the usual verification questions but you will also be asked to fill out a signature form in case you want to do requests by mail. When you complete the form you will have to fill in your first and last name, your email address, your home address there are no P.O boxes allowed.
Step 2
You will also have to choose what type of account you want to create. You can choose between, Individual Brokerage Account, Joint Brokerage Account, Individual Retirement Account. You can also make Guardianship, Trust, and Corporate, Partnership or other types of accounts.
Step 3
After you completed the first step you can start the second phase of the Scott trade account creation process. You have to send funds to your Scott trade account so you might have to pay by check or wire transfer. To make sure your funds enter the Scott trade account immediately you can always do a wire transfer from your bank account. You can also pay by check but you will have to wait a couple of days until the check clears.
Step 4
You can also search for a local Scott trade branch there are a lot of branches all over the United States. If you have a local branch near you do not hesitate and go there to make your money deposit. Scott trade usually has branches very close to downtown.
You can personally drop a check if you are close to one of the Scott trade branches. If you go to one of their branches make sure to request check writing, it might prove useful in the future.
Step 5
After you completed the online form and you performed the payment you can start trading on Scott trade online by logging into your account. Before you can start trading online you can download the Scott trade platform. This platform is very easy to use and it will help you to reach success on the stock market. The Scott trade platform has many features that will ease your work and also Scott trade has very small commissions.
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