RSFS Account Type

RSFS offers various types of brokerage accounts tailored to meet different investment needs. The primary account types include:

• Cash Accounts: This is the most basic type of brokerage account. Investors can only use the cash they deposit to purchase securities, making it a low-risk option.

• Margin Accounts: These accounts allow investors to borrow money from the broker to buy securities, providing greater purchasing power but also increasing the risk of losses.

• Retirement Accounts: Specialized accounts designed for tax-deferred savings to help investors save for retirement.

• Education Savings Accounts: These accounts enable investors to save for their childrens education with tax advantages.

• Joint Accounts: Accounts held by two or more individuals, allowing them to pool their funds for joint investments.

• Proprietary Trading Accounts: These accounts are part of a funded trader program allowing traders to use the firm's capital after passing a qualification process.

RSFS Broker Account Opening Process

Opening a brokerage account with RSFS involves several straightforward steps:

• Research and Choose Account Type: Decide on the type of account that suits your investment goals, whether its a cash account, margin account, or another type.

• Gather Required Information: Prepare necessary personal and financial information, including:

• Full name
• Social Security Number (or Tax Identification Number)
• Address
• Employment status and income
• Investment objectives and risk tolerance

• Complete the Application: Fill out the application form online or in person, providing all required information accurately.

• Fund Your Account: After your application is approved, deposit funds into your account via electronic transfer, wire transfer, or check. Some accounts may have minimum deposit requirements.

• Start Trading: Once your account is funded, you can begin trading securities according to your investment strategy. Regularly monitor your investments to align with your financial goals.