Many people who are far from economics are intimidated by words such as "quotes", "broker", "brokerage account", "individual investment account" and the like. However, many people abroad have been investing for a long time, and for many it has become an additional, or even the main source of income.
What do you need to start investing? You need to choose a broker and open a brokerage account. This will be your personal account on the site of the broker you choose.
It should be noted that you can open an account with many brokers - at least ten. However, it is worth doing this if you have a large amount of money to invest in. For example, from two million rubles.
In the meantime, the amount is not so large, it is worth choosing one broker and working with him.
How to choose a broker and open a brokerage account?
There are several conditions to help you make the right choice. The fact is that in this area there are certain nuances that at first can bring difficulties to a novice investor:
- Instead of a normal broker, scammers such as a pyramid scheme can be caught.
- The broker may have too high a service fee, but this is not profitable for a novice investor.
- It also happens that it is impossible to get through to the broker - this also creates certain inconveniences if you need to ask an urgent question.
- there is a broker's office in your city (this is optional);
- you can get through to him within 10 minutes;
- he has a state license and permission to operate;
- it has a high reliability rating;
- it has high ratings in terms of the number of clients and trading volumes;
- there are several service tariffs on the site - both for novice investors and for "advanced" ones. Accordingly, a beginner will choose a cheaper tariff so as not to incur losses instead of profits at first;
- it has a minimum threshold for opening an account.
The Moscow Exchange website contains information about the most reliable brokers in the Russian Federation.
- transaction fees;
- account maintenance fee;
- commission for maintaining a depository (maintaining accounts containing securities);
- hidden fees. They are often found when the account is already open. Therefore, carefully read everything written in small print and pay attention if there is a button with a question mark next to the text. Be sure to click on it and read what it says.
Compare these data from several brokers and choose the option that suits you.
How to open a brokerage account
When opening an account, I can offer you various brokerage services. It's up to you whether to agree to them or not. It is important to remember only one thing: the manager will persuade you on conditions that are beneficial for the broker, but not for you. Think and calculate everything at least several times so as not to risk your hard-earned money.
So, the broker has been selected, it remains to open a brokerage account. This is done very simply: leave an application on the site, soon they will contact you and tell you how you can draw up the documents. You can also go to the broker's office and open an account there.
Now you are ready - a brokerage account is open, you can transfer money to it and start buying bonds, stocks and other securities that will bring you profit.
