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Miracle broker Accounts

  

Miracle Account Type

  Miracle offers several types of brokerage accounts to cater to different investor needs. The main account types include:

  •   Cash Account: This is the most common type of account where you can buy securities using the money you have deposited. It does not allow for borrowing funds to purchase additional securities.

  •   Margin Account: This account allows you to borrow money from the brokerage to buy securities, enabling you to leverage your investments. However, this type of account comes with higher risks, including the possibility of a margin call if the value of your investments falls significantly.

  •   Portfolio Margin Account: For advanced investors, this account type offers greater flexibility in margin requirements based on the risk of your portfolio. To qualify, you must meet certain criteria, including a minimum net liquidation value.

  •   Custodial Accounts: These accounts are designed for minors and are managed by an adult custodian until the child reaches the age of majority.

  •   Individual and Joint Accounts: You can open accounts either individually or jointly with another person, allowing shared ownership and management of investments.

      

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    Miracle Broker Account Opening Process

      Opening a brokerage account with Miracle involves a straightforward process:

    •   Choose Your Account Type: Decide whether you want a cash account, margin account, or another type based on your investment needs and risk tolerance.

    •   Gather Required Information: You will need to provide personal information, including your legal name, current address, Social Security number or tax ID, and banking information (bank name, account type, routing number, and account number).

    •   Complete the Application: Fill out the application form available on Miracle's website or through their customer service. This process typically takes around 15-30 minutes.

    •   Submit Your Application: After completing the application, submit it for review. Miracle will screen your application and usually approve it within a few hours.

    •   Fund Your Account: Once your application is approved, you can fund your account through various methods, including electronic transfers from your bank account or wire transfers. Depending on the method, funds may be available within 24 hours to one week.

    •   Start Trading: After funding your account, you can begin trading. It's advisable to familiarize yourself with the trading platform and consider using a demo account to practice before making real trades.

        

Miracle accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
Miracle Account