Click ‘Become a client’ to start the online application process. You will be asked if you wish to open up a single or a joint account. Complete your personal data as requested on screen.
You will be guided to provide a clear copy of the front and back of a valid Belgian ID and to take a selfie.
You can choose from the following 2 options:
Use your smartphone to take a photo of your ID and a selfie.
Upload a photo or a scan of your ID and take a selfie using the camera on your electronic device (eg webcam).
Complete the online application process and sign it digitally. Keep your mobile close at hand.
Make a first payment to your MeDirect Cash Account from an external account registered in your name.
If you applied to open a joint account, you can transfer your first payment from an external joint account (registered in the name of both account holders) or from two different accounts, each registered in the name of the individual account holder.
Once the payment has been received, a MeDirect Cash Account will be opened for you. You will then get full access to the secure website.
Once logged in into the secure website, you can open a Savings, Fixed Term Deposit and/or an Investment account via ‘Open an account’.
What is the Morningstar Star Rating?
The Morningstar Star Rating is derived from a quantitative method in which mutual funds are ranked on the basis of their historical returns (adjusted for risk and costs) over periods of at least three years. These "risk-adjusted returns" are based on the monthly returns of a fund, where downward variations result in a lower score and a consistently good performance is rewarded with a higher score. Another important aspect is costs, making it more difficult for relatively expensive funds to receive a high star rating.
The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. This Star Rating is calculated over periods of the past three, five and ten years. If possible, Morningstar will also calculate these ratings for all periods in its Overall Morningstar Star Rating.
Which stock markets can I invest on using the MeDirect trading platform?
You can invest on the most important stock markets across the world, including, amongst others:
New York Stock Exchange (NYSE)
London Stock Exchange (LSE)
SIX Swiss Exchange
What type of income or capital gain is subject to withholding tax in Belgium?
MeDirect has an obligation to deduct Belgian withholding tax on:
Interest income paid on Cash Accounts, Express Savings Accounts, ME Savings Accounts and Fixed Term Deposits.
Coupons paid on bonds’ holdings.
Dividends paid on equities, ETFs and funds’ holdings.
Capital gains earned from the sale of funds and ETFs that invest 10% or more in fixed income securities (such as bonds). The withholding tax is applied on the capital gains arising from fixed income securities.
In such cases MeDirect will pay your income/sale proceeds net of withholding tax due and remit the withholding tax to the Belgian tax authority.
MeDirect recommends that you seek professional tax advice if you have any questions about the tax treatment of any investment.