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How to Create a Stock Account and Start Trading
How to Create a Stock Account and Start Trading

Learn all you need to know about creating a stock portfolio and making your first stock purchase

Christine avatar
Written by Christine
Updated over 5 months ago

Fees

  1. Stock Account Creation Fee$10

  2. Monthly Maintenance Fee$1

  3. Trading Fees (Effective January 22, 2024)

    1. For transactions below $10,000 ➡ 0.15% of the value of the transaction (We have reduced this fee from 1% to 0.15%)

    2. For transactions above $10,000 ➡ $15 fixed fee

How to Create a Stock Account

  1. Log into your Chipper Cash app

  2. Ensure your Chipper USD wallet is funded with at least $10. (NB: You will be charged a fee of $10 for account creation and a monthly maintenance fee of $1)

  3. Select the Invest tab at the bottom of your Chipper homepage.

  4. Read through the stock terms & conditions, then tap on the Continue Investing button at the bottom of the page.

  5. You'll be required to answer a few questions to help create your investment profile. Please ensure that you provide the correct answers to the questions.

  6. Once done, accept the terms & conditions. Then tap on the Start Trading button at the bottom of the page.


How to Purchase Your First Stock

  1. To purchase your first stock, tap the Search Stocks button and enter the name of your preferred stock.

  2. Select the stock and tap on the Buy button to purchase your first stock.

  3. Enter the Amount and tap Next.

  4. Tap the Confirm button to complete the transaction. (NB: Transactions made outside market trading hours will be executed when the market opens)

  5. Congratulations! You just completed your first Stock purchase🎉



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