From basic stock and bond investments to complex option trades, optionsXpress has the tools and resources you need to get the most out of your investing. Best of all, there’s no minimum deposit to get started with these general investing accounts:
If only your name will be on your brokerage account, an individual account is the choice for you. Unless an alternative beneficiary is stipulated, upon the death of the owner of an individual account, the assets are transferred to the owner’s estate.
Joint accounts have two or more people listed as owners and can be either Joint Tenants with Rights of Survivorship or Joint Tenants in Common.
- Joint Tenants with Rights of Survivorship
- If one of the owners dies, the surviving owner(s) retain ownership of all assets in the account.
- Joint Tenants in Common
- If one of the owners dies, a proportional percentage of the account is transferred to the deceased owner’s estate.