RFI broker Accounts

RFI Account Type

　　RFI offers various account types tailored to meet the needs of different investors. The primary types include cash accounts and margin accounts. A cash account requires investors to pay for securities in full with the cash available in the account. This type is ideal for those who prefer a straightforward approach to investing without the risks associated with borrowing. On the other hand, a margin account allows investors to borrow money from the broker to purchase securities, enabling them to leverage their investments. However, this comes with higher risks, including the possibility of a margin call if the value of the securities declines significantly.

RFI Broker Account Opening Process

　　Opening an account with RFI involves a straightforward process that can typically be completed in a few steps:

　　Select Account Type: Decide whether you want a cash account or a margin account based on your investment strategy and risk tolerance.
　　Gather Required Information: Prepare personal information, including your Social Security number, address, employment status, annual income, and net worth.
　　Complete Application: Fill out the new account application online, providing all necessary information. This should take no more than 15 minutes.
　　Review Agreement: Carefully review the new account agreement, understanding the terms and conditions, including any fees associated with the account.
　　Fund Your Account: After your application is approved, you will need to fund your account. This can be done via electronic transfer from your bank account, wire transfer, or by mailing a check.
　　Start Investing: Once your account is funded, you can begin researching and purchasing investments according to your financial goals.