A joint account allows two family members to share a single trading account. Below are answers to common questions about joint accounts.
How many individuals can open a joint account?
Joint accounts can only be opened between two immediate family members, defined as spouses, siblings, parents, and children. Any individual can only be part of one joint account.
Can I open a joint account with a friend?
No, joint accounts can only be opened between partners and direct family members, such as spouses, siblings, parents, and their children. Both applicants must be at least 18 years old when applying for an account.
Can more than two people enter into a joint account?
No, a joint account can only be opened between two direct family members or partners.
How does funding work?
Both parties can deposit funds into a joint account.
Can I transfer positions from my existing account?
No, current positions cannot be transferred to joint accounts.
How do withdrawals work?
Both parties can withdraw funds from a joint account.
Can I transfer funds between private and joint accounts?
Transferring funds to or from an external bank account is accepted. For example:
Withdrawal: Joint account to Private External Bank account
Deposit: Joint External Bank Account to Private account
For more information about joint accounts or assistance with the application process, please contact our Live Chat support team through your Client Portal.