Account Types: Trading securities can be as simple as pressing the buy or sell button on an electronic trading account. A more sophisticated trader may opt for a more complex trade by setting the limit price on a block trade that is parsed over many brokers and traded over several days. The differences lie in the type of trader, Individual or institutional, the level of sophistication, and the speed with which the transaction is required.
CMS Financial offers two types of accounts:
Individual or Joint Account:
Individual account is an account with one beneficial owner for people who want to trade personal capital. Joint Accounts are most commonly for married couples, this is an account with two equal interest owners where upon the death or decision of incompetence of either owner, account ownership passes to the survivor.
Institutional or Corporate Account:
An account held in the name of a company with designated persons who act and trade on behalf of the company. Institutional traders buy and sell securities for accounts they manage for a group or institution.