Are you thinking of getting into shares and stocks? Well, the most preferred way to do it is by opening an online trading account along with the help of a stockbroker. The advent of high-speed internet connection made account creation so simple and easy. The fact is, it just takes couple of minutes to create and set up an account.
The initial step is to enter some of your personal info. Of course, the usual suspects are:
- Your name
- Mother’s maiden name
- Father’s name
- Contact information
Among the details requested from you, the most important is that, you should be on legal age. Otherwise, you can’t perform any financial transactions.
At the same time, you’ll be required to give financial information which will include the following:
- Employment status
- Employer’s name (if employed)
- Annual income and;
- Office address
If you’re self-employed on the other hand, then you must provide your annual income, net worth and liquid net worth at the same time.
It’s imperative that you provide these pieces of information because it’ll be used as basis by the trading platform whether you can enter trading or not.