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No, all the dealings done by the brokerage firm on behalf of the client is done with the consent of the client. Doing otherwise would be a violation of the company's rules and regulations.
You can start your brokerage online or through a dealer, it is completely your choice. Moreover, certain top brokerage firms offer 20% discount on online brokerage.
To open a bank account: identification: you'll need to provide a valid, government-issued photo id, such as a driver's license or a passport. If you don't have either, you can get an id card at the department of motor vehicles.
Some online brokerage accounts such as E* Trade simply offers a secure platform, with no opening cost and a minimum deposit of as low as $500, with a commission fee of $10 per transaction.
Read MoreThis enabled online trading of stocks, bonds, mutual funds, and exchange-traded funds (ETFs), which gave rise to online brokerage companies. These companies help investors trade their money in different investment options.
Read MoreIf you wish to avoid these hassles and open an online brokerage account without apprehension, here's a list of some reliable online brokerage firms where you can open an account.
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In case you are willing to try your hand at earning by selling and buying shares, you can easily open an online brokerage account.Before you take the final step, here are some things to consider before you open an online brokerage account.
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