Rely Account Type

Rely offers different types of accounts to cater to the needs of its users. The primary account types available are:

• Standard Account: This is the basic account type for users looking to engage in trading. It provides access to various trading instruments and features.
• Margin Account: This account allows users to borrow funds from the broker to trade larger amounts than their actual capital. It is suitable for experienced traders who understand the risks involved.
• Portfolio Margin Account: This advanced account type is available for clients who meet specific eligibility criteria, requiring a minimum net liquidation value of USD 110,000. It offers a more flexible margin requirement based on the overall risk of the portfolio.

Rely Broker Account Opening Process

Opening a broker account with Rely involves the following steps:

• Visit the Website: Go to the Rely official website to begin the account opening process.
• Choose Account Type: Select the type of account you wish to open (Standard, Margin, or Portfolio Margin).
• Complete Application: Fill out the online application form with necessary personal information, including your name, address, and financial details.
• Verification: Submit required documents for identity verification, which may include proof of identity and address.
• Initial Deposit: Make the mandatory account opening deposit, which ranges from 1% to 10% of the first deposit. This deposit is crucial for activating core features like direct deposit and external withdrawals.
• Confirmation: Once your application is processed and your deposit is made, you will receive confirmation, and your account will be fully functional.

For more details, you can refer to the Rely account opening policy here.