You can open a trading account for a minor under the age of 18. The account type you’ll need is a minor account.
It’s basically a trust account, where an adult / guardian manages the account on behalf of the minor.
When the minor turns 18, they can open their own trading account and transfer their holdings via an Off Market Transfer.
International Minor accounts - apply via post 🌎📮
Before starting your application, you’ll need to make sure the country you’re living in is included in our serviced countries list.
Filling out the application form ✍️
- Print & fill out a Minor application form with a pen (not digitally!) ✍️
- Tick the account type “in trust for a Minor”
- Fill in the Minor’s name and date of birth
Linked cash account 💰
We use the linked cash account to settle your trades with Opentrader. The cash accounts are integrated with Opentrader, which allows for a pretty slick trading experience ⚡️
We use approved provider, ANZ - we’ll create an account for you when you sign up to Opentrader.
We’ll need you to send us certified copies of the following documents
To make sure your account is opened safely, we verify ID using digital verification services, Green ID and Equifax. Please post us the following ID along with your application form.
What we’ll need from you:
- Your International Passport
- International Driver’s Licence or National ID card
- The Minor’s birth certificate
If the first two don’t contain your residential address, then we’ll also need
- A utility bill (water, gas, electric) from the previous 3 months
Carefully review our approved certifiers list and make sure that certification is within the last 3 months.
If your documents are in a language other than English, you’ll also need to have the documents translated by a NAATI recognised translator.
Optional review 👀
We know that it takes a while to send us your application in the mail. We’re working on streamlining the process so you can apply for an Opentrader international account online.
For now, we’re happy to help review your application via email at email@example.com before you send it to us. We can let you know if it all looks good to go and answer any questions you have.
Post it to us 📮
When you’re ready, please post your international application & acceptable certified ID documents to us at: Opentrader,
Level 40, 225 George Street,
Sydney, NSW, 2000,
For anything else
If you have any questions or need help, don't hesitate to get in touch 🙋
You can reach us on live chat or over the phone on 1800 OT TEAM (1800 688 326 or +61 2 9055 4400 for overseas). We're available between 9:00 am and 5:00 pm (Sydney time), Monday to Friday. If we're away, just send us a message and we'll get back to you.