What Is a Brokerage Account? Benefits & How to Open
BROKERAGE ACCOUNT OVERVIEW
How it works: A brokerage account is an account used by investors to purchase and sell investments such as stocks, funds and bonds. Many brokerages also offer access to alternative investments, such as cryptocurrency, as well as more advanced trading techniques like options and margin trading. These accounts are popular with people looking to supplement their retirement savings or invest for a long-term goal.
Who can use it: Almost anyone who is at least 18 years and older can open a brokerage account. Some brokerages even offer investment accounts for kids who are interested in learning how to trade with the help of a guardian or custodian. You can also open a joint brokerage account with a spouse or a…
