Tempus Account Type

Tempus offers various types of accounts tailored to meet the needs of different investors. The primary account types include:

• Cash Account: This type of account requires investors to pay the full amount for securities purchased. No borrowing is allowed, making it a straightforward option for those who prefer to invest without taking on debt.

• Margin Account: This account allows investors to borrow money from the broker to purchase securities, effectively increasing their buying power. However, this comes with additional risks, as losses can be magnified.

• Tax-Advantaged Accounts: These include Individual Retirement Accounts (IRAs) and other retirement accounts that provide tax benefits. Contributions may be tax-deductible, and taxes are deferred until withdrawal.

Tempus Broker Account Opening Process

Opening a broker account with Tempus involves several key steps:

• Determine Account Type: Decide whether you want a cash account, margin account, or a tax-advantaged account based on your investment goals and risk tolerance.

• Gather Required Documentation: You will need to provide identification such as a valid passport, driver's license, or national ID card, along with other personal information.

• Complete the Application: Fill out the new account application online, providing necessary details including your Social Security number, employment status, investment goals, and net worth.

• Verification Process: After submitting your application, Tempus will review and verify your information. This process usually takes a few hours but can vary based on circumstances.

• Fund Your Account: Once approved, you can fund your account through various methods such as electronic funds transfer, wire transfer, or check deposit.

• Start Trading: After funding your account, you can begin researching investments and placing trades.

By following these steps, you can successfully open an account with Tempus and start your investment journey.