How to Open a Brokerage Account — Types, Fees, and Step-by-Step Setup Guide
Opening a brokerage account is the essential first step to investing in stocks, bonds, ETFs, and other securities. Yet many would-be investors delay for months — or years — because the process feels intimidating. The truth is that opening a brokerage account in 2026 is faster and more accessible than ever, with most major brokers offering $0-commission trades and no account minimums. Whether you're looking to invest in broad market funds like the Vanguard S&P 500 ETF (VOO) trading at $631.04, or you want to build a diversified portfolio of individual stocks, the right brokerage account is your gateway. With the Federal Reserve having cut rates to 3.64% from 4.33% a year ago, many investors are moving cash from savings accounts into the market to capture better long-term returns. This guide walks you through every step of opening a brokerage account — from choosing the right account type to understanding fee structures, selecting a broker, and making your first trade.