MassBroker Account Types

　　MassBroker offers a variety of brokerage account types to cater to different investor needs. The primary account types include:

• 　　Standard Brokerage Account: A flexible account that allows you to deposit money and buy/sell investments without contribution limits. It provides penalty-free withdrawals and is suitable for general investing.

• 　　Joint Brokerage Account: Shared by two or more individuals, typically spouses or family members. This account simplifies investment management and estate planning. There are three types of joint accounts:

• Joint Tenants with Rights of Survivorship: Both owners have equal rights; if one dies, the survivor inherits the account.
• Tenants in Common: No right of survivorship; the deceased's share goes to their estate.
• Community Property: Owned by a married couple, with assets split 50/50, applicable in certain states.

• 　　Margin Account: Allows you to borrow money against your securities to invest more than your cash balance. This account involves higher risk due to margin calls.

• 　　Cash Account: Requires you to deposit cash before trading; no borrowing is allowed.

  　　

　　

MassBroker Broker Account Opening Process

　　Opening a brokerage account with MassBroker is a straightforward process that typically involves the following steps:

• 　　Select Account Type: Determine which type of account suits your investment goals (e.g., standard, joint, margin, or cash).

• 　　Complete the Application: Fill out the online application form, providing necessary personal information, including:

• Social Security Number
• Address
• Employment Information
• Financial Data (annual income, net worth)
• Fund Your Account: After your application is approved, you can fund your account via:
• Electronic Funds Transfer (EFT) from a linked bank account
• Wire transfer for immediate funding
• Check deposit

• 　　Start Investing: Once your account is funded, you can begin purchasing investments through the MassBroker platform.

• 　　Monitor and Manage: Use the tools provided by MassBroker to monitor your investments and adjust your portfolio as needed.