ARG Account Type

ARG offers various types of trading accounts to cater to different trader needs. The main account types available include:

• Cash Account: This account requires traders to pay for the total amount of securities purchased upfront without borrowing. It's suitable for beginners who want to trade without the added risk of margin.

• Margin Account: This allows traders to borrow funds from the broker to purchase securities, enabling them to trade larger positions than their initial capital would allow. However, this comes with increased risk, as traders must repay the borrowed amount plus interest.

• Retirement Accounts: These accounts are designed for long-term investments, often providing tax advantages. They may have specific regulations and limits on contributions.

• Demo Account: A practice account that allows new traders to familiarize themselves with the trading platform and strategies without financial risk. It typically includes virtual funds for trading.

ARG Broker Account Opening Process

Opening a broker account with ARG involves several steps:

• Choose Account Type: Decide whether you want a cash account, margin account, or another type based on your trading goals and risk tolerance.

• Complete Application: Fill out the online application form, providing personal information such as your name, address, and social security number. You may also need to answer questions regarding your trading experience and risk tolerance.

• Submit Documentation: Upload necessary documents for verification, including:

• Proof of identity (e.g., national ID, passport)
• Proof of address (e.g., utility bills, bank statements)

• Fund Your Account: After your account is approved, fund it with an initial deposit. Some accounts may have a minimum deposit requirement, while others may allow you to start with $0.

• Start Trading: Once your account is funded, you can begin trading by selecting your desired securities and executing trades through the trading platform.

For detailed information on the ARG account opening process, you can visit their official website: ARG Broker.