Proof of residency: bank statement / utility billĪccount opening at TradeStation is fully digital, so you can go through the entire identification process on the company's web platform. Proof of identity: ID / passport / driver's license TradeStation accepts the following documents for identification purposes: The difficulty is that some brokers eventually require physical copies of your documents. Ideally, this process is completely digital. To be able to open an account with an online broker, you are generally required to provide proof of identity and proof of residency.
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If you want to read our full review, including fees, deposit options and other platforms (like web and desktop) then skip to the TradeStation review. Here are the main pros and cons when it comes to registering at TradeStation: Pros There are a couple of other factors to consider when you are about to open an account at TradeStation.
To learn more about trading accounts, read our article on the topic. Opening an account is always free of charge. Rather than storing just money on it, you will hold your financial assets, such as shares or forex positions, on your account. At some brokers it's as quick as opening a new Gmail account, at other brokers it takes a couple of days until they do some background check on you. similar brokersĪn account with an online broker is pretty much like a regular bank account and opening one is at least partly an online process. This means that you can go through the registration process easily in front of your device.Ĭheck out this comparison table to compare the rating and duration of TradeStation's account opening process to its main competitors: TradeStation account opening vs. Account opening at TradeStation is fully online and user-friendly.