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Innovation Factory offers several types of accounts tailored to meet the diverse needs of investors. The primary account types include:
Cash Account: This account allows investors to purchase securities with the cash available in their account. There is no leverage involved, and investors can only buy what they can afford.
Margin Account: This account enables investors to borrow funds from the broker to purchase additional securities, allowing for greater investment potential. However, it also introduces higher risk due to the potential for margin calls.
Digital Asset Accounts: Specific accounts for trading cryptocurrencies and digital assets, providing unique features and trading options tailored for crypto investors.
Customized Investment Plans: Investors can create tailored investment plans based on their desired KPIs, principal amounts, investment maturity periods, and expected yields.
Opening a broker account with Innovation Factory is a straightforward process that can typically be completed in a few simple steps:
Select Account Type: Decide whether you want a Cash Account, Margin Account, or a Customized Investment Plan.
Complete Application: Fill out an online application form providing personal information, including:
Verify Identity: You may need to verify your identity by providing a government-issued ID and other relevant documentation.
Fund Your Account: Choose a funding method to deposit money into your account. This can include:
By following these steps, investors can efficiently set up their accounts and start exploring the investment opportunities offered by Innovation Factory.
Explore broker markets account types: forex/trading accounts with demo access.