I am a 13 year old kid, but really want to invest in the stock market. My parents will cosign but I want to invest online. As far as I have looked, I have not been able to find an online broker that allows you to do this. If any one knows an online broker that allows this, please answer.
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you must be 18 to open an account PERIOD, that is the Law. You can, however, open up an UGMA (unified gift to minors account) with a parent as a Custodian, and then at a designated age, between 18-25, the account becomes yours. Every brokerage firm can and will set up and account in this manner. Good luck!
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B
December 31st, 2009 at 4:55 am
1you must be 18 to open an account PERIOD, that is the Law. You can, however, open up an UGMA (unified gift to minors account) with a parent as a Custodian, and then at a designated age, between 18-25, the account becomes yours. Every brokerage firm can and will set up and account in this manner. Good luck!
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