TradeStation Account Types

TradeStation offers a variety of account types tailored to meet the needs of individual traders and investors. These include:

1. Individual Accounts: A personal brokerage account for individual traders with only one account owner.
2. Joint Accounts:

• Joint with Right of Survivorship: This account has two owners; if one passes away, the other retains full rights to the account.
• Joint Tenants in Common: Each owner holds a 50% interest in the account, and upon death, the deceased's share goes to their beneficiaries.

3. Custodial Accounts: Established for minors and managed by a guardian on the minor's behalf.
4. Retirement Accounts: Various options such as Traditional IRA, Roth IRA, SEP IRA, and SIMPLE IRA.
5. Entity Accounts: For corporations, LLCs, partnerships, trusts, and sole proprietorships.
6. Institutional Accounts: Designed for larger entities and institutions.

TradeStation Broker Account Opening Process

To open a TradeStation account, follow these steps:

1. Visit the TradeStation Website: Go to the official TradeStation site and click on the "Open an Account" button.
2. Select Account Type: Choose the type of account you wish to open (Individual, Joint, IRA, etc.).
3. Create Username and Password: Set up your account credentials.
4. Provide Personal Information: Fill out necessary personal details, including your Social Security number, address, and contact information.
5. Financial Information: Enter your annual income, net worth, and source of funds.
6. Trading Experience: Indicate your trading experience and the types of securities you plan to trade.
7. Review and Submit: Review all entered information and submit your application for approval.
8. Fund Your Account: Once approved, fund your account through available methods such as wire transfer.