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LOM Brokerage Account

The LOM Brokerage Account

Features of The Brokerage Account include:

• Precise and timely execution of trades in equities, bonds, options, mutual funds, futures, commodities, and foreign exchange transactions;
• Expert advice from experienced financial market professionals;
• Access to regional and international exchanges;
• Fast and efficient international money transfers;
• Access to highly sought after private placements for qualified customers, custody and settlement of both electronic and physical securities
• 24/7 online access to account statements

Types of Brokerage Accounts

We offer our clients two types of standard brokerage accounts: "cash accounts and "margin accounts". See also the LOM Blue Account.

Cash Account

A cash account is the traditional basic brokerage account. If you have a cash account, you may make trades, but you must pay in full for all purchases by the settlement date. In other words, you must add cash to pay for purchases if the account does not have sufficient cash already. LOM requires good funds in the account before we will accept an order to buy. If the cash in the account goes into a debit position for any reason, penalty interest rates apply until the overdraft is covered. Cash accounts are open to investors with any degree of investment knowledge and experience, although we require a minimum deposit ($25,000) to open an account.

Margin Account

A margin account is a type of brokerage account where the broker loans the customer funds against the securities already in the account, in order to purchase additional securities. The securities in the account act as collateral for the loan. The leverage serves to magnify both the gains and losses in an account. Click here for more information on margin accounts. Margin accounts are appropriate only for experienced investors that understand the risks involved. In order to trade futures or options, or to sell securities short, you must open and be approved for a margin account. Margin accounts also receive a preferred interest rate on their available cash balances over $10,000.