ROCHIS Account Type

ROCHIS offers several types of brokerage accounts to cater to different investment needs. The main account types include:

• Cash Accounts: This is the most basic type of brokerage account where investors fund their accounts with cash and can only trade with the available balance. It is ideal for those who prefer a straightforward investment approach without the risks associated with borrowing.

• Margin Accounts: These accounts allow investors to borrow funds from the broker to purchase securities, enabling them to leverage their investments. However, this type of account carries higher risks, including the potential for margin calls if the value of the securities falls below a certain level.

• Retirement Accounts: ROCHIS may also offer specialized accounts for retirement savings, which provide tax advantages. These accounts are designed to help investors save for their retirement while enjoying tax-deferred growth.

• Joint Accounts: For investors looking to pool resources, joint accounts allow two or more individuals to share the investment account, providing access for all account holders to trade and manage the investments.

ROCHIS Broker Account Opening Process

Opening a brokerage account with ROCHIS involves several straightforward steps:

• Choose the Type of Account: Decide whether you want a cash account, margin account, or another type suitable for your investment goals.

• Complete the Application: Fill out the application form, providing necessary personal information such as your full name, address, social security number, and employment details.

• Verify Your Identity: ROCHIS will require verification of your identity, which may include submitting a government-issued ID and other documentation as per regulatory requirements.

• Fund Your Account: Once your application is approved, fund your account through bank transfer or other accepted methods. Some accounts may require a minimum deposit.

• Start Trading: After funding your account, you can begin trading by accessing the trading platform provided by ROCHIS, where you can buy and sell securities according to your investment strategy.

By following these steps, you can successfully open and manage your brokerage account with ROCHIS.