Trama Account Type

Trama offers several types of brokerage accounts to cater to different investment needs. The main types include:

• Cash Accounts: These accounts require investors to pay the full amount for securities purchased. No borrowing is allowed, making this a low-risk option suitable for conservative investors.

• Margin Accounts: In these accounts, investors can borrow money from the brokerage to purchase securities. This allows for greater potential returns but also increases risk, as borrowed funds must be repaid with interest.

• Retirement Accounts: These accounts are designed for long-term savings and often come with tax advantages. They include options like Traditional IRAs and Roth IRAs.

• Robo-Advisory Accounts: For those looking for a hands-off investing approach, Trama offers robo-advisory services that automatically manage investments based on user-defined goals and risk tolerance.

Trama Broker Account Opening Process

Opening a brokerage account with Trama involves a straightforward process:

• Choose the Account Type: Determine which type of account suits your investment goals—cash, margin, retirement, or robo-advisory.

• Complete the Application: Fill out the online application form, providing personal information such as:

• Name
• Address
• Social Security Number
• Employment details
• Investment experience and goals
• Fund Your Account: After your application is approved, you can fund your account through various methods, including:
• Electronic transfer from a bank account
• Wire transfer
• Mailing a check

• Start Trading: Once your account is funded, you can begin buying and selling securities. Trama provides access to various investment options and tools to assist in managing your portfolio.

• Monitor and Adjust: Regularly review your investments and make adjustments as needed based on market conditions and personal financial goals.