That should be able to work, you might be can you open.
Can you make a robinhood account under 18. Be 18 years or older; The adult who opens the. Until this point, the minor cannot.
With a cash account, customers can only use deposited cash or settled funds to make trades. It isn't illegal to have access to a brokerage account before the age of 18, however, you're required to have a parent or guardian etc. You'll have to work it out with your parents.
Legally, you have to be over 18 to open. Even though an adult sets up and controls a custodial account, the money belongs to. I am not suggesting anything illegal, this is for educational purposes only, use your discretion.
Options trading in cash accounts. When the child reaches the age of majority (generally 18 or 21), the account can get transferred into the young adult’s name and. You can simply open one account on robinhood equally of at.
A custodial account is an account that allows a minor to open an account to own an investment before they are adult. The age of majority to create a trading account is legally considered 18 years old. Yes, there is no specific age for trying to open a trading account.
Yes, robinhood is only accessible for persons aged 18 and above. In practice, the answer is yes. And unlike some other brokers like td ameritrade that offer the option to run a custodial account, robinhood,.