Right now, to open a Bumped brokerage account you need to,
- Be at least 18 years old
- Have a valid social security number, and
- Be a U.S. citizen or a Permanent Resident of the U.S.
At this time, there are also additional considerations or requirements for people who are:
- Affiliated with an broker dealer, exchange, or FINRA
- Executive officers, directors, or owners of 10% or more of a publicly-traded company.
We’re also required by regulation to verify the identity of anyone signing up for a Bumped brokerage account. You may need to submit additional documentation, such as a picture of your government-issued ID, Social Security Card, or in some cases a selfie to help with identity verification.