Series 63: 4.4.1.2 Types Of Client Accounts

Taken from our Series 63 Online Guide

4.4.1.1 Types of Client Accounts 

When opening new accounts with a broker-dealer, customers have several different options. There are three basic account types that are typically maintained at most broker-dealers: cash accounts, margin accounts, and option accounts. Before a client becomes involved in making transactions, she should set up an account choosing one of these methods.

Let’s look at the differences between each of these account types.


Since you're reading about Series 63: 4.4.1.2 Types Of Client Accounts , you might also be interested in:

Solomon Exam Prep Study Materials for the Series 63
Please Enable Javascript
to view this content!