Account Type

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 of those accounts.

Change a Client Account Type

1. Under the Configuration section on the right hand side of the client contact page, select the icon next to Account Type

   

2. In the Account Type drop-down, select the type of margin account to which you want to upgrade.

   • Cash accounts can upgrade to a Margin account.

   • To upgrade to a Portfolio Margin account, client must be approved to trade options and the account must have at least USD 110,000 (or USD equivalent) in Net Liquidation Value.

   • To change the trading permissions as part of this process, select Yes.

3. Click Continue.

4. If you chose to change the trading permissions, the Configure Trading Permissions screen opens. Configure trading permissions and trading programs on this screen and then click Continue.

5. Answer the questions on the next screen by selecting Yes or No, and then click Continue.

6. If you do not participate in the Secure Login System for two-factor authentication, you will receive an email with a confirmation number. Enter the confirmation number in the field provided and then click Continue.

7. Type your name in the Signature field on any risk disclosures that open, and then click Continue.

8. Your request is submitted. Click Ok.