RAVA Account Types

RAVA offers a range of brokerage account types tailored to meet different investment needs. Here are the primary account types available:

• Cash Accounts: The most basic type where investors fund their accounts with cash and use that to purchase securities. These accounts are straightforward and involve lower risk.

• Margin Accounts: These allow investors to borrow money from RAVA to purchase securities, enabling them to buy more than they could with their cash alone. However, this increases risk and requires maintaining a minimum balance.

• Retirement Accounts: RAVA provides specialized accounts that offer tax-deferred savings options, helping investors to save for retirement effectively.

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

• Proprietary Trading Accounts: Offered through funded trader programs, these accounts allow traders to trade using the firm's capital after passing a qualification process.

RAVA Broker Account Opening Process

Opening a broker account with RAVA is a straightforward process. Here are the steps:

• Select a Broker: Choose RAVA as your brokerage firm. It is important to review their offerings and determine which account type suits your investment goals.

• Open Your Account: Complete the online application form, providing necessary personal information such as your name, address, and social security number. This process typically takes about 15 minutes.

• Fund Your Account: After your account is opened, you'll need to deposit funds. This can be done through electronic transfer from your bank account or by mailing a check. RAVA allows you to start with a minimal deposit, making it accessible for new investors.

• Start Investing: Once your account is funded, you can begin trading and investing in various securities offered by RAVA.

For more detailed information, you can refer to RAVA's official website or contact their customer support.