DASH Prime Account Type

DASH Prime offers several account types tailored to meet the needs of professional traders, hedge funds, high net worth individuals, and institutions. The available account types include:

• Portfolio Margin Account: Requires a minimum funding of $250,000. This account type allows for greater leverage and is suitable for sophisticated trading strategies.
• Prime Brokerage Account: Designed for institutional clients and hedge funds, this account type provides access to a comprehensive suite of services, including securities lending and cash management.
• Execution-Only Account: No minimum funding is required. This account is ideal for clients who wish to prime their accounts with other brokers and utilize DASH Prime's execution services.
• Pattern Day Trader Account: This account type allows for frequent trading and requires compliance with specific regulatory standards.
• Reg-T Account: A standard margin account that allows for borrowing against securities with a minimum funding requirement.

DASH Prime Broker Account Opening Process

Opening an account with DASH Prime involves several steps:

• Initial Inquiry: Interested clients should contact DASH Prime at (312) 690-2500 or email primeinfo@dashprime.com to discuss their specific account needs and the types of accounts available.
• Documentation Submission: Clients must provide necessary documentation, including proof of identity and financial information, to comply with regulatory requirements.
• Account Type Selection: Clients will work with DASH Prime representatives to determine the most suitable account type based on their trading strategies and funding capabilities.
• Minimum Funding Requirement: Clients must meet the minimum funding requirements for the selected account type:
• House Minimum: $100,000
• Portfolio Margin: $250,000
• Clearing with Bank of America/Merrill Lynch: $5,000,000
• Account Approval: After submitting the required documentation and funding, DASH Prime will review the application and approve the account.
• Trading Setup: Once approved, clients can set up their trading platforms and begin trading through DASH Prime's execution services.

For any questions during the process, clients can reach out to DASH Prime's client service group for assistance.