RBC Capital Markets Account Type

RBC Capital Markets (RBC CM) offers various account types designed to cater to the diverse needs of its clients. The primary account types include:

• Futures and Cleared Derivatives Accounts: These accounts allow clients to engage in trading futures, options on futures, and cleared swaps. They are governed by a customer account agreement that outlines the terms and conditions for trading.

• Prime Brokerage Accounts: These accounts provide clients with services such as margin financing, securities lending, risk management, and trade clearing. They are tailored to meet the unique needs of hedge funds, pension funds, and family offices.

• Cash Management Accounts: These accounts are designed for clients who require efficient cash management solutions, including demand deposit accounts and ACH origination services.

• Investment Accounts: Clients can choose from registered accounts (like RRSPs and TFSAs) or non-registered accounts, allowing for flexibility in investment strategies.

RBC Capital Markets Broker Account Opening Process

To open an account with RBC Capital Markets, follow these steps:

• Choose the Account Type: Determine which account type best suits your investment needs, whether it's a futures account, prime brokerage account, or cash management account.

• Complete the Application: Fill out the customer account application form, which includes providing necessary information such as your name, address, and Social Insurance Number (SIN).

• Submit Required Documentation: Along with your application, submit any required documentation as specified in the application instructions.

• Read the Disclosure Statements: Review the disclosure statements applicable to your account type, which provide important information about the risks and responsibilities associated with trading.

• Sign the Agreement: Sign the customer agreement, which will govern your account's operations and the relationship with RBC CM.

• Fund Your Account: Once your application is approved, deposit the required initial margin or funds to activate your account.

• Access Trading Platform: After funding your account, you will gain access to RBC CM's trading platform where you can start executing trades.

For more detailed information about the account types and the opening process, you can visit the official RBC Capital Markets website.