Far Eastern Account Type

Far Eastern Brokers offers a variety of trading accounts for clients looking to engage in financial markets. However, it is important to note that Far Eastern Brokers is an unregulated entity, which may pose risks for traders. The types of accounts available typically include:

• Cash Account: In this type of account, traders must pay the full amount for securities purchased and cannot borrow funds from the broker.
• Margin Account: This account allows traders to borrow money from the broker to buy securities, using the securities in their portfolio as collateral. This can amplify both gains and losses, making it essential for traders to understand the associated risks.

Far Eastern Broker Account Opening Process

Opening an account with Far Eastern Brokers involves several steps:

• Choose Account Type: Determine whether you want to open a cash account or a margin account based on your trading needs and risk tolerance.

• Complete Application: Fill out the application form with detailed information regarding your business profile, including:

• Account holder's citizenship
• Occupation or business activity
• Existing bank accounts
• Company website (if applicable)
• Investment as the main source of income

• Submit Documentation: Provide necessary documentation as specified by the broker, which may include identification and proof of address.

• Account Review: The broker will review your application and may contact you for further information.

• Fund Your Account: Once approved, you will need to deposit funds into your trading account to start trading.

• Start Trading: After funding your account, you can begin trading various financial instruments offered by Far Eastern Brokers.

Please note that due to the lack of regulation, it is advisable to exercise caution and conduct thorough research before opening an account with Far Eastern Brokers.