How does the process work?

Traders start off by downloading a demo account to familiarize themselves with the software.

Once you feel confident enough, you can open a live trading account.

Please note that all the relevant documentation for the opening of a live account can be found under our Open a live account section.

You can open the following type of accounts:

1. Individual Account

   You can open three different types of individual accounts:
   
   

   1. Standard Individual Account

   2. Joint Account

   3. Trust Account
      
      

2. Partnership Account (including a Limited Liability Company or Limited Liability Partnership)
   
   

3. Corporate Account

Step-by-step

After filling out an application and submitting the information you will need to do the following:

	Prepare an Initial Deposit A minimum initial deposit of $2500 for a standard self directed account, $250 for a mini account, and $20,000 for a managed accounts is necessary to open an account.
	Download and Install the software on your computer. Please make sure you have the latest version of the software installed on your computer.
	Receive Notification Within seven business days from the time that the platform receives complete documents and funds, live IDs are emailed to the new client.

Important Information About Procedures for Opening a New Account.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

If you have any questions please contact us.

Please click here to continue to our Account section.

  © Copyright Frannor Trading 102 (Pty) Ltd 2002