Stocks accounts for kids


#1

What brokerage would you use to open stock accounts for your kids? We’re talking low amounts here $3K-$15K with infrequent and small purchases

We had been with Scottrade which i was happy with, but they got bought by TD Ameritrade which failed to transfer one of the accounts correctly, and last I tried logging in, it was asking for security questions I never created, so I’m not too happy with them.

Also, who would you use for a Roth IRA for a kid?


#2

Check with Robinhood whether they allow kids account less than 18 as you can get everything commission free.

Use Schwab or fidelity or vanguard as they provide commission free ETFs you can choose. I choose Fidelity and commission free ETFs for Roth IRA.