Stocks Trade
Can i trade stocks using my sister bank details?
I want to start trading but i dont have a debit card or credit card, can i use my sister bank details to trade stocks? She is ok with it.
And will her bank know that she is trading stocks or is it a contract between us and the broker?
So what do i use when signing up for it? what do i need to start trading? i thought i needed a debit card or bank details.. so how am i going to buy shares if i dont use my bank details.
NO, not in the United States
You can not use debit and/or credit cards for making security Investments or trading securities.
Brokerage firms do not communicate with banks for particular account details nor do they care.
If you are looking to have monies move systematically between your brokerage account and your sisters bank account is illegal. No only is it against securities law, it is against banking law. At this point both the bank and the brokerage firm may find out and both could close and ban both your brokerage account and your sisters bank account.
If you going to play in the game, play by the rules like everyone else,
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