StoneX Account Type

StoneX offers a variety of account types tailored to meet the diverse needs of traders. The main account types include:

• Self-Directed Brokerage Account (StoneX One):
• Allows trading in stocks, options, exchange-traded funds (ETFs), and selected mutual funds.
• Commission-free trading for equities, options, mutual funds, and ETFs.
• Real-time streaming data and instant market news updates for informed decision-making.
• Futures Accounts:
• Standard Account:
• Commission of $1.29 per side for futures contracts.
• Micro futures contracts at $0.50 per side.
• Options on futures have a commission of $2.58 for opening positions, with no commission for closing positions.
• Premium Account:
• Tailored commission rates based on individual trading plans and service levels.
• Enhanced support for those seeking education or professional guidance in futures trading.
• City Index Accounts:
• Available in the UK, Australia, and Singapore for spread betting, CFDs, forex, indices, and commodities.
• Forex.com Accounts:
• Offers access to forex, CFDs, cryptocurrencies, indices, stocks, and commodities across multiple regions including the US, Canada, and Europe.
• Farm Advantage Accounts:
• Designed for trading agricultural products in the US and Canada.
• StoneX Bullion Accounts:
• Focused on trading physical gold, silver, platinum, and palladium.
• Futures Online Accounts:
• Specifically for professional investors focusing on futures trading.

StoneX Broker Account Opening Process

Opening an account with StoneX is straightforward and can be completed in a few simple steps:

• Select Account Type: Determine which account type best suits your trading needs (e.g., self-directed, futures, etc.).

• Apply Online:

• Visit the StoneX website and complete the online application form. You will need to provide information regarding your identity, employment, and financial background.
• The application process typically takes just a few minutes.
• Compliance Review:
• Your application will undergo a compliance review by the broker‘s department. Additional documentation may be requested.
• Approval:
• Once your application is reviewed, you will receive either an approval or denial notification. This process generally takes three to five business days.
• Fund Your Account:
• After approval, you will need to fund your account using various deposit options available (e.g., bank transfer, cashier’s check).
• Start Trading:
• Once your funds are deposited, you can begin trading on the selected platform.

For more detailed information on account types and the opening process, you can visit the following sources:

• StoneX One Account Types
• StoneX Futures Pricing
• Getting Started with StoneX