Table of contents
What is a custody account (share deposit account)?
A share deposit account, also known as a securities account, is an account with which you process your purchases, sales and transfers of shares. A look at your share deposit account gives you an overview of your current portfolio. You can see which and how many shares you currently own. You also have the option of buying new shares or selling existing shares via the share deposit account.
In addition to shares, you can also hold other types of securities in your custody account, such as bonds (fixed-interest securities), certificates, funds, ETFs or warrants.
How can you open a share deposit account?
You must be at least 18 years old to open a share deposit account. There are no other requirements. You do not have to have any specific assets or salary to be able to open a share deposit account.
Do you already have a share deposit account or would you like to get started? At StocksGuide you can easily create a sample portfolio and keep an eye on the valuation of your shares.
