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To open an online TMS account for children for share trading, you can follow the procedures of online brokers that allow minor accounts. Interactive Brokers, for example, offers such services. Choosing the best investment broker for children depends on factors like fees, tax benefits (like the $9,000 annually tax-free investing limit in certain regions), and ease of use. A brokerage account is necessary for investing in stocks, bonds, etc., and can be a useful financial tool for teaching children about finance and investing.

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