CBC Account Type

　　CBC offers various types of brokerage accounts tailored to meet different investor needs. The primary account types include:

• 　　Deposit Accounts: Standalone accounts allowing fund transfers in and out via linked external accounts. They facilitate instant transfers to other account types.

• 　　Secured Deposit Accounts (SDA): Asset accounts used as collateral for credit. They allow fund movement via external bank accounts and account-to-account transfers for credit repayment. The SDA balance controls the credit limit of its linked credit account.

• 　　Credit Accounts: These accounts store the credit owed and the credit limit of any outstanding loans or revolving credit lines.

　　Each account type provides specific features and functions, catering to various investment strategies and financial goals.

　　

CBC Broker Account Opening Process

　　Opening a brokerage account with CBC involves several key steps:

• 　　Decide on Account Type: Determine whether you want a cash account, margin account, or a secured deposit account based on your investment strategy.

• 　　Choose the Right Account: Evaluate the features of each account type to select one that aligns with your financial goals and risk tolerance.

• 　　Complete the Application: Fill out the online application form, providing personal information such as your legal name, current address, Social Security number, and financial details.

• 　　Fund Your Account: After approval, transfer funds from your bank account into your brokerage account. CBC may allow various funding options including wire transfer or ACH transfer.

• 　　Start Trading: Once your account is funded, you can begin trading and managing your investments through the CBC platform.

• 　　Simulate Trading (Optional): Consider using a simulated trading account to practice investing strategies before committing real funds.

　　By following these steps, you can successfully open a brokerage account with CBC and start your investment journey.