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CGD broker Accounts

  

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.

CGD accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
CGD Account