Cashcraft Account Type

　　Cashcraft offers two primary types of brokerage accounts: Cash Accounts and Margin Accounts.

• Cash Accounts:
• In a cash account, investors can only buy securities using the funds they have deposited. For example, if you deposit $5,000, you can purchase up to $5,000 worth of securities.
• This type of account limits trading to the cash available, which helps prevent overspending and encourages disciplined investing.
• The standard settlement period for most securities is T+1, meaning that the proceeds from a sale are available for new purchases the next business day.
• Margin Accounts:
• A margin account allows investors to borrow money from the brokerage to purchase securities, effectively leveraging their investments.
• Investors can buy more shares than they could with just their cash balance, increasing potential returns; however, this also increases potential losses.
• Margin accounts require a minimum balance and may involve interest charges on borrowed funds.

　　

Cashcraft Broker Account Opening Process

　　Opening a brokerage account with Cashcraft is a straightforward process that can be completed in a few steps:

• 　　Select the Account Type: Decide whether you want to open a Cash Account or a Margin Account based on your investment strategy and risk tolerance.

• 　　Visit the Cashcraft Website: Go to Cashcraft's official website.

• 　　Click on Register: Navigate to the registration section on the website.

• 　　Fill Out the Registration Form: Provide the required personal information, including your name, address, social security number, and financial details.

• 　　Submit the Application: After filling out the form, submit your application. You may be instructed to provide additional documents for verification.

• 　　Fund Your Account: Once your account is approved, you will need to deposit funds via electronic transfer or other accepted methods to start trading.

• 　　Start Trading: After funding your account, you can begin buying and selling securities according to the account type you selected.

　　For more detailed information, you can contact Cashcraft's customer service via phone at +234 1 2956150 or email at lagos@cashcraft.com.