By MPWR Finance • Updated Oct 2025 • Read time: 5 min
Ready to invest? Follow this fast, secure checklist to open a brokerage account in under 10 minutes and start investing the right way.
What You Need Before You Start
- Valid government ID (Driver’s license or passport)
- Social Security Number
- Bank account details for funding
- Phone and email for verification
Step‑By‑Step Process
- Choose a platform: Fidelity, Schwab, or Robinhood
- Create an account and enter personal details
- Verify identity using ID upload or instant verification
- Link your bank account and make an initial deposit
- Set up 2‑factor authentication and security settings
Verification Tips
Use a stable Wi‑Fi connection, upload clear ID photos, and ensure your bank routing numbers match exactly to avoid delays.
Common Pitfalls
- Incorrect SSN or typos in name matching your ID
- Using a bank account with different legal name formats
- Not enabling 2‑factor authentication — do it for security
FAQ
How long until I can trade
Most platforms allow immediate trading on settled cash or margin products; full account funding can take a few business days if you transfer from an external bank.
Can I move my existing accounts
Yes — use an ACATS transfer for brokerage accounts; check fees and transfer timelines.
Author: MPWR Finance