Illuzion Account Type

　　Illuzion offers multiple account types to cater to different trading needs and preferences. The main account types include:

• 　　Individual Account: Suitable for retail traders, this account allows trading in various instruments such as stocks, options, futures, and forex. It typically requires a minimum deposit and offers competitive spreads.

• 　　Joint Account: Designed for two individuals, this account allows shared trading activities. It can be structured in different forms based on the applicable laws of the state of residence.

• 　　Trust Account: This account is managed by a trustee for the benefit of the trust beneficiaries. It allows for diversified investment options while adhering to trust regulations.

• 　　IRA Account: Aimed at retirement savings, this account type allows tax-advantaged trading options. It includes traditional, Roth, and SEP IRA accounts, catering to various retirement planning needs.

• 　　UGMA/UTMA Accounts: These accounts are intended for custodial accounts for minors, allowing parents or guardians to manage investments on behalf of their children.

  　　

　　

Illuzion Broker Account Opening Process

　　Opening an account with Illuzion is a straightforward process that can be completed online. Here are the steps involved:

• 　　Start the Application: Visit the Illuzion website and click on the "Open Account" button. Choose the type of account you wish to open.

• 　　Create an Online Account: Fill in your email address, create a username and password, and provide your legal residence information. Confirm your email to activate your account.

• 　　Enter Personal Information: Provide personal details such as your name, address, contact information, and employment status. You will also need to indicate your tax residency and social security number.

• 　　Select Account Type and Base Currency: Choose the type of account (individual, joint, trust, IRA) and specify your base currency for transactions.

• 　　Provide Regulatory Information: Answer questions related to your financial background, including net worth, annual income, and investment objectives.

• 　　Fund Your Account: Once your application is approved, you can fund your account through bank transfers or other funding options. The minimum deposit may vary depending on the account type.

• 　　Verification: Submit any required documents for identity verification, such as government-issued ID and proof of address.

• 　　Approval Notification: Wait for an email confirmation regarding your account approval. This typically takes a few business days.

　　By following these steps, you can successfully open an account with Illuzion and begin your trading journey.