Account Type
Instructions
Use the Account Type screen to upgrade a Cash account to a Margin account, or upgrade a Margin account to a Portfolio Margin account.
Note: Before you can upgrade to a Margin account, the client must meet the eligibility requirements.
Change a Client Account Type
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Under the Configuration section on the right side of the Client Contact page, select the
icon next to Account Type.
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In the Account Type drop-down, select the type of margin account to which you want to upgrade.
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Cash accounts can upgrade to a Margin account.
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To upgrade to a Portfolio Margin account, the client must be approved to trade options and the account must have at least USD 110,000 (or USD equivalent) in Net Liquidation Value.
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To change the trading permissions as part of this process, select Yes, then click Continue.
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If you chose to change the trading permissions, the Configure Trading Permissions screen opens. Configure the trading permissions and trading programs, then click Continue.
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Answer the questions on the next screen by selecting Yes or No, then click Continue.
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If you do not participate in the Secure Login System for two-factor authentication, you will receive an email with a confirmation number. Enter t hat number in the field provided, then click Continue.
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Type your name in the Signature field on any risk disclosures that open, then click Continue and OK.
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Your request is submitted.