First Financial Brokerage House Account Type

First Financial Brokerage House (FFBH) offers various types of brokerage accounts to cater to the diverse needs of its clients. The primary account types include:

• Cash Account: In this account type, clients must pay the full amount for securities purchased without borrowing funds. It is suitable for investors who prefer a straightforward trading approach.

• Margin Account: This account allows clients to borrow funds from FFBH to purchase securities, potentially amplifying returns. However, it also increases risk, making it more suitable for experienced investors.

• Foreign Market Access: FFBH provides clients access to international financial markets through its partnership with Interactive Brokers, allowing trading in stocks, bonds, options, and more from a single account.

• Custodian Accounts: For clients using a custodian bank, FFBH facilitates the settlement of trades with the custodian, ensuring that the client's assets are managed properly.

• Investment Advisory Services: FFBH also offers advisory services for strategic transactions, catering to both individual and institutional clients.

First Financial Brokerage House Broker Account Opening Process

Opening a brokerage account with First Financial Brokerage House is a straightforward process that involves the following steps:

• Gather Required Documents: Clients need to prepare necessary documents, including:
• Personal identification (passport or ID card)
• Proof of address (utility bill or bank statement, not older than 6 months)
• Additional documents for corporate entities.

• Sign the Brokerage Contract: Clients can sign the brokerage contract either in person at the FFBH office or electronically.

• Account Setup: After signing the contract, FFBH will open dedicated cash and securities sub-accounts where clients' assets will be kept separately from proprietary assets.

• Funding the Account: Clients must ensure that funds needed for purchasing securities are available in their FFBH bank account by the settlement day at 11 a.m. at the latest.

• Placing Orders: Clients can place orders to buy or sell securities in person, electronically through platforms like Cobos, Bloomberg EMS, or by phone. After submission, FFBH brokers will execute the orders and provide trade confirmations.

• Receiving Proceeds: Funds from the sale of securities will be available at the clients sub-account with FFBH at the end of the settlement day, adhering to the standard T+2 settlement cycle in Bulgaria.

For more detailed information about FFBH's account types and the opening process, visit their official website: FFBH Brokerage Services.