Investment House Account Types

Investment House offers several types of brokerage accounts to cater to different investment needs. The primary account types include:

• Cash Account: This is the most basic type of brokerage account where investors must pay the full amount for securities purchased. No borrowing is allowed, making it a low-risk option for those who want to avoid debt.

• Margin Account: This account allows investors to borrow money from the brokerage to purchase securities, using the securities in their portfolio as collateral. While this can amplify potential gains, it also increases risk due to the possibility of margin calls if the value of the securities declines.

• Option Account: This type of account enables investors to trade stock options, requiring them to acknowledge the risks associated with derivatives. It often operates similarly to a margin account but has specific requirements for trading options.

• Prime Brokerage Account: Designed for sophisticated investors like hedge funds, this account provides a suite of services, including research, trading, and settlement, often with higher minimum balance requirements.

Investment House Broker Account Opening Process

To open a broker account with Investment House, follow these steps:

• Determine Account Type: Decide which type of account suits your investment goals—cash, margin, options, or prime brokerage.

• Compare Costs and Services: Review the fees associated with each account type, including trading commissions and any minimum balance requirements.

• Gather Required Information: Prepare personal information such as your Social Security number, employment details, and financial status, as this information is necessary for the application.

• Complete Application: Fill out the new account application online or in person. You may need to sign additional forms if you are applying for margin privileges.

• Fund Your Account: Choose a funding method, such as electronic funds transfer, wire transfer, or check. Ensure you meet any minimum funding requirements.

• Start Investing: Once your account is funded, begin researching and selecting investments that align with your financial goals.

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