If you have free funds, and you are not averse to trying to increase them through exchange trading, then the first step for you is to open an account with a broker.
Instructions
Step 1
Decide which broker you would like to open an account with. When making a decision, it is necessary to pay attention to the amount of commission charged for certain actions of the client, with which trading floors and markets the broker works, what trading terminals (programs) it has, whether it provides clients with analytical information, whether it has its own depository (place of storage of securities and accounting for the rights to them). The overwhelming majority of brokers nowadays provide the opportunity to trade via the Internet. Some brokerage companies have their own dealing rooms (premises for trading), where clients can rent a workplace, usually with high-speed Internet access.
Step 2
Having chosen a broker, carefully read the documents regulating the company's relationship with clients. As a rule, each broker requires an individual or legal entity to fill out a questionnaire, as well as sign a set of documents for opening an account. These include: an application for brokerage services, an agreement on the terms of service, an agreement on the use of the appropriate trading terminal, an agreement on depository services, and others.
Step 3
Next, you have to deposit money into the account in an amount not lower than the minimum level set by the broker. The amount is paid either in cash at the cash desk of the company's office, or transferred by bank transfer. After crediting money to your account, you can start trading on the selected exchange platform. Most brokers act as a tax agent for the payment of income tax on the purchase / sale of securities of individual clients. When withdrawing funds from your account and at the end of the calendar year, the brokerage company calculates and pays tax to the budget.
