To complete the application, you must print, sign, and mail our online service agreement and the initial amount to cover your first trade. Payment for any trade will be accepted in US funds only. We require cleared funds to reside in your Firstrade account prior to placing any trades. Account Types and Required Documents Individual Accounts Individual Accounts can be registered under one name only. The account form must include a Social Security Number and you must sign the required documents.
Individual accounts can have margin trading capabilities.
Account Application Form 2. With a Joint Tenants With Rights of Survivorship account, in the event of the death of one of the tenants, the surviving tenant is given possession of the entire account. The lead tenant s Social Security Number is used for the account and is responsible for paying the taxes for the account. Fill out the account information in the name of the lead tenant and make sure both tenants sign all the required forms in the new account package. All written correspondence and checks will be in both tenants names.