You can now start to build the future of your investment in just a few simple steps.
Setting up an online investing brokerage account can be a bit intimidating. That is why we have put together some step-by-step instructions to help guide you through the process. For how to, we focus on individual online brokerage accounts Fidelity. If you want to see competitive bidding from other brokers, then head on over to our comparison broker page.
What you’ll need to get started
You’ll need to have the following information on hand to get your Fidelity account up and running:
- Social Security number.
- Employer’s name and address, if applicable.
- Bank account information to fund the account.
There aren’t any fees for opening up or maintaining a Fidelity brokerage account, but there is a two thousand five hundred dollars investing minimum. So you can set up an account for free, but you’ll need to fund it with two thousand five hundred dollars to start investing. As with most online brokerage accounts, there’s an equity trade fee, which is $7.95 per trade for Fidelity.
If you need help during the application process, Fidelity provides a link on the right-hand side of the page where you can chat with an online representative.
First step: Fill in your personal information
First, go here and click the “Go online” next to the first option, “Brokerage Account. The Account Fidelity” Select individual account and click “Next”, and then you will be asked whether Fidelity existing customers. If you do not already have an account with Fidelity, then you have to fill out some basic personal information – email address, street address, Social Security number, and so on – on this page and the following page.
This section also where you enter information about your work, if applicable. This site will also ask you to estimate how often you are going to trade. You will also be asked if you are related to broker dealers, stock exchanges, or NASD. You also have to answer if you or a close family member is a director or shareholder of 10% percent of a publicly held company. Most likely, you will answer “no” to these.
Once you fill out personal information and answer questions quickly, switch to the second step.
Step two: Add the account settings
On this page you will answer a few short questions about your account. It should be noted here that the Fidelity account settings are some of the simplest and fastest way to organize. Another brokerage accounts are not always difficult, but Fidelity is one of the simplest.
You’ll basically just answered a question about your email preferences and whether you want to subscribe to the newsletter Fidelity. The company also revealed here that will automatically put your money in a money market account when you are not using it to invest. If you do not want to Fidelity invest money that you do not use, then there is a link to look at other options as well.
Third Step: Review and confirm
you are almost done. In this section you will only review the columns of your personal information, the account you choose, your job information, and some general account settings.
You will also go through some technical information, such as customer agreements, terms and conditions, electronic delivery agreements, and so on. Read and review these documents, and then click the “yes” at the bottom.
The next page will show the taxpayer identification agreements and additional requirements. After you read though them, simply click “Open Account.”
Step four: Fund your account and start investing
Congratulations – you have to open an account! From here you will be able to fund your account using your bank information, or you can fund through another brokerage account.
Additionally, you are all finished preparing your Fidelity brokerage accounts.