How to Open an E*TRADE Brokerage Account for investing in STOCKS

What is good about using E*TRADE?
1. The website for trading stocks are easy to use. Better then Scottrade.
2. It is easy to transfer money in and out of the E*TRADE Brokerage Account.
3. You will get FREE trades for up to 60 days which means they will give you back $500 after 60 days for the commission you pay (usually $9.99).


Before you start, you need the following things to open a BROKAGE ACCOUNT if you are a U.S. residents:
1. U.S. Permanent Residential Address
2. Date of Birth
3. Social Security Number
4. Employer Name and Address

This is the steps for how to open an E*TRADE account:
1st Go and search up using the search bar above or click on the E*TRADE advertisements.

2nd Click on the upper right corner "OPEN AN ACCOUNT"

3rd Under Brokerage Account, click APPLY NOW

4th On the next page, it will tell you what you need for applying for a BROKERAGE account and click BEGIN MY APPLICATION

5th Just filling all your information. For account type, most of you will probably choose Individual account. For these of you who are planning to open with 2 or more person, choose "Joint account." You don't have to care about the other two choice.


6th For individual account, if you just want to trade stocks, choose Margin Account. This account allows you to trade immediately after you buy and sell. If you choose Cash Account Only, then you can't immediate trade again until the money comes back from the previous trade. Which sometime can take a minute to a few days.

7th you just need to enter your Personal Information and mailing address and you can continue.

8th Next, you will have to enter your Tax and citizen information, Employment Information and Investment Profile (which is how much experience you have with investment).

9th. They will ask you if you want a debt card from E*TRADE and checks. Just follow the step through.

10th, you just have to agree with their polices and finish.

Last, You need to link your bank account with your E*TRADE Brokerage account. You just need to enter the Routing Number and account number and verify it. You probably have to wait a few business day before they release a hold on you before you can start trading. So you are done. Good luck in trading.

H. Wu