Letian Account Type

Letian offers various types of brokerage accounts to cater to different investment needs and goals. The primary account types include:

• Cash Accounts: Investors must pay the full amount for securities purchased with cash. No borrowing is allowed, making this account ideal for those who want to limit risk.

• Margin Accounts: These accounts allow investors to borrow money from the broker to purchase securities. This leverage can amplify both potential gains and losses, making it suitable for more experienced traders.

• Retirement Accounts: Letian provides options for tax-advantaged retirement accounts, such as Traditional IRAs and Roth IRAs, enabling investors to save for retirement while benefiting from tax deferral or tax-free growth.

• Joint Accounts: These accounts are held by two or more individuals, allowing them to pool their resources and invest together.

• Custodial Accounts: Designed for minors, these accounts allow adults to manage investments on behalf of children until they reach adulthood.

Letian Broker Account Opening Process

Opening a brokerage account with Letian is a straightforward process that can be completed in a few simple steps:

• Choose the Account Type: Decide which type of account best suits your investment goals—cash, margin, retirement, joint, or custodial.

• Fill Out the Application: You can apply online or in person. The application requires personal information, including:

• Full name
• Address
• Social Security number
• Employment details
• Income bracket

• Provide Necessary Documentation: You may need to submit identification documents, such as a driver's license or passport, to verify your identity.

• Fund Your Account: After your application is approved, you can fund your account through various methods, including:

• Electronic transfer from a bank account
• Wire transfer
• Sending a check

• Choose Your Preferences: Select how you would like to receive trade confirmations and monthly statements, whether by mail or email.

• Understand Fees: Familiarize yourself with the fee structure associated with your chosen account type, including trading fees and any maintenance charges.

Once your account is funded, you can begin trading and investing in various securities through the Letian platform.