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Do I need to have good credit to buy stock?

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A friend is willing to start an account for me as a gift, do I have to have good credit?

2 Answers



  • +1 Votes Thumb up 1 Thumb down 0

    Pinyo on May 31, 2010

    Hi jewwithnoclue, no having a good credit is not a qualification for starting a brokerage account. Please see my list of brokerage firms. You only need valid information/identification and enough initial deposit to meet the minimum account opening requirement.



  • +1 Votes Thumb up 1 Thumb down 0

    KyleAAA on May 31, 2010

    Only if you want to buy on margin, which isn’t recommended.


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