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Sanfull Securities Limited offers several types of accounts to cater to the diverse investment needs of its clients. The available account types include:
Cash Account: This account allows clients to trade on a cash basis, requiring all transactions to be settled on or before the settlement day, typically two trading days after execution.
Rolling Balance Account: Similar to a cash account, this account allows the balance to roll over to the next trading day, suitable for clients who engage in frequent trading activities.
Margin Account: This account provides a loan facility for clients to buy shares within a preset credit limit. The loan ratio varies for different securities and is determined at Sanfull's discretion.
Futures Account: Designed for clients interested in trading futures contracts, this account requires clients to maintain the margin requirement for futures products.
Electronic Trading Account: Clients can access Sanfull's online trading system to conduct transactions directly through the internet. Sufficient cash must be available in advance to execute trading instructions.
Sanfull claims that no account opening deposit is required, nor is there a monthly fee or minimum account balance.
To open a broker account with Sanfull, follow these steps:
Gather Required Information: Prepare necessary identification information, including your social security number, proof of identity, and financial information such as employment status and net worth.
Choose Account Type: Decide which type of account best suits your trading needs from the options available (Cash, Rolling Balance, Margin, Futures, or Electronic Trading).
Complete Application: Fill out the new account application form on Sanfull's official website or visit their office. You may need to provide additional information if requesting margin privileges or the ability to trade options.
Submit Application: Submit your application for review. Sanfull will screen your application and typically approve it within a few hours.
Fund Your Account: Once approved, you can fund your account through wire transfers or bank cheques. Ensure you meet any minimum funding requirements, if applicable.
Start Trading: After funding your account, you can begin researching investments and executing trades through Sanfull's trading platforms.
For more details, you can visit Sanfull's official website: Sanfull Official Website.