Arger Account Type

Arger offers a variety of trading accounts to meet the needs of different investors. The primary types of accounts available include:

• Cash Accounts: These accounts require investors to fund their trading activities with cash only. Investors can only purchase securities with the cash available in their accounts, making it a less risky option for those who prefer to avoid borrowing.

• Margin Accounts: Margin accounts allow investors to borrow money from the broker to purchase securities, enabling them to leverage their investments. This type of account carries higher risk, as it requires maintaining a minimum balance and incurs interest on borrowed funds.

• Proprietary Trading Accounts: These accounts are designed for traders who wish to trade using the firm's capital. Traders must typically pass an evaluation to demonstrate their trading skills before being granted access to a funded trading account.

Arger Broker Account Opening Process

Opening a broker account with Arger involves several straightforward steps:

• Choose Account Type: Decide whether you want a cash or margin account based on your investment strategy and risk tolerance.

• Complete Application: Fill out an application form, which can typically be done online. You will need to provide personal information such as your name, address, social security number, and financial details.

• Submit Identification: Provide necessary identification documents, such as a driver's license or passport, to verify your identity.

• Fund Your Account: Once your application is approved, you will need to fund your account. This can be done via electronic funds transfer from a bank account, wire transfer, or check.

• Start Trading: After funding your account, you can begin trading by placing buy or sell orders for various financial instruments available on the platform.

By following these steps, you can successfully open an account with Arger and start your trading journey.