How to open a stock account and invest in real stocks with OANDA TMS Brokers?
Investing in the stock market through OANDA TMS Brokers is simple and intuitive. To start your journey with the stock market, you need to open a free brokerage account. The process is straightforward, entirely online, and takes only 8 minutes. Once your account is approved, follow these steps:
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Log in to the Client Zone.
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On the My account page, click on ACCOUNT OPENING.
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Select Stocks from Account type and select your desired currency. Read and accept the contractual documentation. Click on OPEN AN ACCOUNT.
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If your previously submitted suitability and appropriateness questionnaire has expired, a window with the questionnaire will appear. Once you complete it, click on SEND. If you have the right experience and knowledge to invest in the financial markets, you will see the CONGRATULATIONS message. Tick the declaration box and click on SAVE.
If not submitted previously, you will be required to submit the W-8 BEN questionnaire as well for tax declaration purposes.
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Verify your request by entering a security code sent to your registered phone number. Then, click on ACCEPT.
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If you verify your request successfully, you’ll see a confirmation window.
After completing these steps, you will have access to all the Shares offered by OANDA TMS within your Stocks sub-account. To start trading, you can transfer funds from your Connect sub-account as long as it has funds in the same currency as your Stocks sub-account. You can also fund your Stocks sub-account using the available funding methods such as bank transfer.
Refer to the specifications for information on the available instruments and their trading hours. Charts and stock prices are provided live, without any delay.
In the vast collection of available companies, you will find stocks from all sectors of the economy: healthcare, services, finance, and technology. Additionally, OANDA TMS has prepared several thematic playlists such as Stay at home stocks, Vaccine stocks, Gaming industry, and Warren Buffet’s portfolio.
Investing in stocks through the new version of the proprietary OANDA TMS Brokers mobile application is convenient and intuitive. Besides being a platform for buying securities, it provides access to market news, reports, webinars, the macroeconomic calendar, as well as recommendations and investment opportunity notifications. The application allows you to perform technical analysis on companies’ charts and obtain information about financial indicators (P/E ratio), average trading volume, or market capitalization. Switching from a CFD account to a stock account is done through a quick re-login. In the TMS application, you can filter companies and also receive important information about the desired company. So, one application serves as a comprehensive investment portfolio.
Another option is to buy company shares through the MetaTrader 5 platform. OANDA TMS Brokers offers the opportunity to buy real stocks using this popular tool.