Haywood Securities Account Types

Haywood Securities offers various types of brokerage accounts tailored to meet the needs of individual and institutional investors. The main account types include:

• Cash Account: In this account, investors must pay the full amount for securities purchased without borrowing funds. This is ideal for those who prefer to manage their investments without leveraging.

• Margin Account: This account allows investors to borrow funds from Haywood Securities to purchase securities. It provides greater purchasing power but also increases the risk of larger losses if investments do not perform well.

• Registered Accounts: These include Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP), which offer tax advantages for Canadian investors looking to save for retirement or other long-term goals.

• Managed Accounts: Tailored for investors who prefer a hands-off approach, these accounts involve professional management of the investment portfolio based on individual risk tolerance and investment objectives.

Haywood Securities Broker Account Opening Process

Opening a brokerage account with Haywood Securities is a straightforward process. Here are the steps to follow:

• Choose Your Account Type: Decide whether you want a cash account, margin account, registered account, or managed account based on your investment goals and risk tolerance.

• Visit the Haywood Securities Website: Go to Haywood Securities to access the account registration section.

• Complete the Application Form: Fill out the online application form with your personal information, including:

• Name
• Social Security Number (or Tax Identification Number)
• Address
• Contact Information
• Employment Status
• Financial Information (annual income, net worth)

• Submit Identification: Provide necessary identification documents, such as a driver's license or passport, to verify your identity.

• Fund Your Account: After your application is approved, you will need to deposit funds into your account. This can typically be done through an electronic transfer from your bank.

• Start Trading: Once your account is funded, you can begin trading securities through Haywood Securities trading platform, which provides access to both Canadian and U.S. markets.

By following these steps, you can successfully open a brokerage account with Haywood Securities and start your investment journey.