Začínáme s investováním
How to Open an Investment Account: What to Expect
Key takeaways
- Registration with most online brokers is entirely online — you don't need to go anywhere in person.
- The broker is legally required to ask for your ID and sometimes proof of address — this is a legal requirement called KYC.
- After your identity is verified, you send your first deposit by bank transfer from an account in your name.
- The whole process from registration to first purchase usually takes one to three business days.
You can open an investment account online, from the comfort of your home, usually in about half an hour.
Why the broker has to verify your identity
Every regulated broker is legally required to perform KYC (Know Your Customer). This is not bureaucratic hassle — it's protection against money laundering. Without this step the broker will not activate the account.
What you will need
- National ID or passport — you'll photograph the front and back.
- Selfie with your ID — the broker wants to confirm it's really you.
- Proof of address — some brokers require this (bank statement, utility bill). Check the current requirements of your specific broker.
- Bank account in your name — you'll send your first deposit from it and withdraw funds back to it.
How registration works step by step
You enter your email and password. Then you answer a questionnaire about your investment experience — answer honestly, it helps both you and the broker understand what you need. You upload photos of your documents. The broker verifies your details — automatically or by a human agent. After approval (hours to days) you send a deposit by transfer. For help choosing the right broker, see how to choose your first broker in the Czech Republic.
What happens after your account is approved
The broker sends you a confirmation email. You log in and see a zero balance. You send your first deposit by transfer — use exactly the variable symbol or reference code the broker assigned to you, otherwise the money won't reach your account. The deposit usually arrives within one business day. Then you buy your first ETF — see how to buy an ETF for the first time.
FAQ
How long does account approval take?
With most modern online brokers, automatic verification is done within a few hours. Manual verification can take 1–3 business days. If you haven't received confirmation after three days, write to customer support.
Can I have accounts with multiple brokers at the same time?
Yes, there is no legal restriction. Many investors have two or three brokerage accounts for various reasons — lower fees, different ETF selection, or as a backup. Each account is managed independently.
Is my money with a broker insured?
Regulated brokers in the EU must be members of an investor protection scheme. Check what level of coverage your broker provides — each country has a different limit.