Canaccord Genuity Direct Account Types

Canaccord Genuity Direct (CGD) offers several types of brokerage accounts to cater to various trading needs:

• Cash Accounts:
• Minimum Deposit: $5,000
• Ideal for investors who prefer to pay for their trades in full at the time of purchase.
• Margin Accounts:
• Minimum Deposit: $15,000
• Allows traders to borrow funds to purchase securities, increasing their buying power. However, this comes with higher risks.
• Registered Accounts:
• Includes Tax-Free Savings Accounts (TFSA), Registered Retirement Savings Plans (RRSP), and Registered Education Savings Plans (RESP).
• Minimum Deposit: $5,000
• Offers tax advantages for long-term savings and investments.

Each account type provides access to a wide range of trading instruments, including equities, ETFs, options, futures, fixed income, and GICs.

Canaccord Genuity Direct Broker Account Opening Process

Opening an account with Canaccord Genuity Direct involves a straightforward process:

• Visit the Official Website: Navigate to Canaccord Genuity Direct's official website.

• Explore Account Types: Review the various account types available (Cash, Margin, Registered) and select the one that suits your trading strategy and experience level.

• Initiate Registration: Click on the “Open an Account” button to start the account creation process.

• Provide Personal Information: Fill in your personal details, such as name, contact information, and financial information as required by regulatory guidelines.

• Submit Required Documentation: Follow the instructions to submit any necessary documentation for account verification.

• Complete Account Verification: After submitting your documents, follow the outlined process to verify your account.

• Fund Your Account: Once verified, proceed to fund your trading account with the required minimum deposit. CGD supports various payment methods, including wire transfers and electronic payment systems.

After completing these steps, you can start trading on the platform based on your chosen account type.