Stone X broker Accounts

StoneX Account Type

StoneX offers a variety of account types tailored to meet the needs of different traders and investors. The primary account type available is the self-directed brokerage account through the StoneX One platform. This account allows users to trade a range of financial instruments, including stocks, options, exchange-traded funds (ETFs), and selected mutual funds. Additionally, StoneX provides futures accounts, though these will no longer be available through StoneX One effective November 2024. For futures trading, clients are directed to the StoneX futures offering. The trading platform supports competitive pricing and offers a demo account for practice.

StoneX Broker Account Opening Process

Opening an account with StoneX is a straightforward process that typically involves the following steps:

• Select Account Type: Decide on the type of account you wish to open, such as a self-directed brokerage account or a futures account.

• Application Submission: You can open an account by calling StoneX at 1-866-443-5847. During the call, you will be asked a series of questions regarding your identity, employment, investment experience, income, and net worth.

• Compliance Review: After submitting your application, the compliance department will review it to ensure all required information is provided.

• Approval Process: The approval of your application typically takes 24 to 48 hours after all paperwork is completed. If additional documentation is required, it must be provided before the application can proceed.

• Funding Your Account: Once approved, you will need to fund your account. StoneX offers several deposit options, including bank transfers, cashier's checks, and wire transfers.

By following these steps, you can successfully open an account with StoneX and begin trading.