What is an online stock broker that allows kids to get accounts with a cosign?
k.n asked:
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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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.
September 28th, 2009 at 4:35 pm
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! B