LGM Account Type

LGM offers a variety of account types to meet the needs of different traders. The available account types include:

• Standard Accounts: These support cash, cash and margin, cash and options, margin, and margin and options.
• Individual Accounts: An account with only one owner.
• Joint Accounts: An account with two or more owners, which can be structured as joint community property, joint tenants in common, or joint with rights of survivorship.
• Retirement Accounts: Options include traditional IRA, Roth IRA, and SEP IRA.
• Corporate Accounts: A business account used to hold the companys funds.
• Trust Accounts: Managed by a trustee for one or more beneficiaries.
• LLC Accounts: For limited liability companies, protecting owners from personal liability.
• Institutional Accounts: Designed for larger investors or organizations.
• Prime Brokerage Accounts: Allow investors to enter derivatives trades with multiple brokers and consolidate them for clearing.
• Separately Managed Accounts (SMA): Advisory accounts that are not pooled investment vehicles.

LGM Broker Account Opening Process

To open an account with LGM, follow these steps:

• Choose the Account Type: Decide which type of account suits your trading needs.
• Complete the Application: Fill out the online application form with your personal details.
• Provide Identification: You may need to upload a government-issued ID (e.g., passport or driver‘s license) and proof of address (e.g., utility bill or bank statement) for verification.
• Agree to Terms: Review and agree to the terms and conditions set by LGM.
• Fund Your Account: Deposit funds into your account using the accepted payment methods, which may include bank transfers or credit/debit cards.
• Account Verification: Wait for the account to be verified, which may take a few days.
• Start Trading: Once your account is verified, you can start trading on the platform.

For more details, please refer to LGM’s official website.