Account Types

Individual Account
This type of account is appropriate when only one (1) person intends to open and fund the account. This person will be the only one with the authority to withdraw funds from the account.

Joint Account
The Joint Account is available for two or more individuals who are interested in opening an account together. This account is designed for spouses, family members, and friends.

Partnership Account
This type of application should be submitted when a Legal or Registered Partnership intends to open an account. For example, "Siegel & Mason LLP." registered as a Limited Partnership in the State of New York, can apply to open a live forex trading account by submitting the Partnership Account Application. In this account, the Partners will designate the Authorized Trader(s) via the Partnership Account Application form.**

Corporate Account
This type of application should be submitted when a Registered Corporation wants to open an account. For example, "Mason Corp." incorporated in the State of Delaware, can apply for a live forex trading account by submitting this application. The Corporation will designate the Authorized Trader(s) for this account, via the Corporate Account Application.**

** Note:
The Partnership and Corporate Application forms have areas specially designed for naming Authorized Trader(s) who will have the ability to trade the account and to make deposits and withdrawals on behalf of the applicants. If the applicants do not wish to grant the Authorized Trader(s) with the authority to make withdrawals or deposits into the account, then they are advised to amend the relevant sections of the application pages.