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ASI offers various types of brokerage accounts to cater to different investment needs. The primary account types include:
Cash Account: This account allows you to purchase investments with the funds you have deposited. You can only buy securities up to the amount available in your account.
Margin Account: This account permits you to borrow money from the brokerage to purchase securities, allowing you to leverage your investments. However, it comes with additional risks, including the possibility of a margin call if your investments decline in value.
Portfolio Margin Account: This is an advanced type of margin account that requires higher minimum balances and is suitable for experienced investors who want to implement complex trading strategies.
Opening an account with ASI involves several steps:
By following these steps, you can successfully open a brokerage account with ASI and start your investment journey.