Firstrade Account Types

　　Firstrade offers a variety of account types to cater to different investing needs. The available account types include:

• Regular Investing Accounts: Standard brokerage accounts for buying and selling securities.
• IRA Retirement Accounts: Traditional, Roth, SEP, and Simple IRAs for retirement savings with tax advantages.
• International Accounts: For non-U.S. residents to trade in U.S. markets.
• ESA Education Planning Accounts: Education savings accounts designed for future educational expenses.
• Custodial Accounts: Managed by an adult on behalf of a minor until they reach the age of majority.
• Firstrade Cash Management Account: A cash management solution that offers features like check writing and debit card access.

　　All Firstrade accounts have a minimum deposit requirement of $0, making it accessible for new investors.

　　

Firstrade Broker Account Opening Process

　　Opening an account with Firstrade is a straightforward process. Here are the steps:

• Visit the Firstrade Website: Navigate to the homepage and click on “Open an Account.”
• Complete the Registration Form: Fill out the online registration form, providing your contact information and desired account type.
• Provide Country of Residence: After submitting the registration, indicate your country of citizenship and birth.
• Upload Identification: Upload a copy of your passport and the signature page for identity verification.
• Identity Verification: Provide personal details such as your name, date of birth, tax number, and address.
• Additional Information: Enter details about your annual income, liquid net worth, total net worth, and trading experience.
• Set Up User ID: Create your Firstrade user profile by establishing a user ID and password.
• E-Signature and Agreement: Finally, provide your electronic signature and accept Firstrade's terms and conditions to complete the application.

　　Once your information is verified, you will receive a confirmation email and can start trading. The account activation typically takes up to 24 hours.