Far Reach Account Types

Far Reach offers several types of brokerage accounts tailored to meet different investment needs:

• Cash Accounts:
• Description: The most straightforward account type where investors must pay the full amount for securities purchased. No borrowing is allowed.
• Risk Level: Low, as it limits exposure to losses.
• Margin Accounts:
• Description: Allows investors to borrow money from the brokerage to purchase securities. This can amplify potential gains but also increases risk.
• Requirements: Investors must maintain a minimum balance and may face margin calls if the account value drops significantly.
• Retirement Accounts:
• Description: Specialized accounts designed for long-term retirement savings, offering tax advantages.
• Types: Includes Traditional IRAs, Roth IRAs, and SEP IRAs.
• Education Savings Accounts:
• Description: Accounts aimed at saving for educational expenses, offering tax-deferred growth.
• Joint Accounts:
• Description: Accounts held by two or more individuals, allowing them to pool resources and invest together.

Far Reach Broker Account Opening Process

To open a brokerage account with Far Reach, follow these steps:

• Choose Account Type:
• Decide which type of account (Cash, Margin, Retirement, etc.) fits your investment goals.
• Complete Application:
• Visit the Far Reach website or a local branch.
• Fill out the application form providing personal information, including:
• Full name
• Address
• Social Security Number
• Employment details
• Provide Documentation:
• Submit necessary documentation, such as a government-issued ID and proof of income.
• Fund Your Account:
• Transfer funds via electronic transfer, check, or wire transfer. Some accounts may require a minimum deposit.
• Review and Sign:
• Review the terms and conditions, and sign the necessary agreements.
• Start Trading:
• Once your account is approved and funded, you can begin trading and managing your investments.

By following these steps, you can successfully set up your brokerage account with Far Reach and start your investment journey.