OTT Account Types

OTT offers a variety of brokerage accounts to cater to different investor needs. The types of accounts available include:

• Personal Accounts:
• Individual Account: Designed for single account holders, offering flexibility for deposits and withdrawals.
• Joint Account: Suitable for multiple account holders, providing similar features to individual accounts.
• RRSP (Registered Retirement Savings Plan): Specifically for retirement savings, contributions may be tax-deductible.
• Spousal RRSP: Allows couples to create tax efficiency in retirement savings.
• TFSA (Tax-Free Savings Account): Suitable for saving for short- or long-term goals with tax-free withdrawals.
• Non-Personal Accounts:
• Corporate Account: Tailored for business entities to manage their assets.
• Trust Account: Used when securities are registered in the name of a trust, managed by a trustee on behalf of beneficiaries.

OTT allows trading in 23 types of foreign currencies and offers six order types: market, limit, stop, stop-limit, trailing stop, and trailing stop limit.

OTT Broker Account Opening Process

To open an account with OTT, follow these steps:

• Visit the Official Website: Go to OTT's official website and navigate to the account registration section.
• Contact Information: Fill out your contact information or call their customer service at +1 416-499-2258 to discuss account options.
• Provide Required Documents: Prepare and submit necessary documents, including identification and proof of address.
• Sign the Contract: Review and sign the account agreement.
• Account Verification: Wait for verification of your application; this process may take a few hours.
• Fund Your Account: Once verified, deposit funds into your account through available methods such as wire transfer or electronic funds transfer.

Follow these steps to successfully open your brokerage account with OTT and start trading.