IRA

An individual retirement account (IRA) allows you to save money for retirement in a tax-advantaged way.

StoneX accepts seven types of registration types for US individuals to open IRA - US accounts;

IRA Registration Types

Registration Type	Description
IraRollover	It allows for the transfer of assets from an old employer-sponsored retirement account to a traditional IRA.
IraRoth	It is an Individual Retirement Account to which one contributes after-tax dollars.
IraRothConversion	This is the process of repositioning one's assets in a Traditional IRA or an eligible distribution from the qualified employer-sponsored retirement plan (QRP), such as a 401(k), 403(b), or governmental 457(b) to a Roth IRA.
IraRothRollover	A rollover involves transferring the assets from a 401(k) to a Roth or Traditional IRA.
IraSep	A SEP plan allows employers to contribute to traditional IRAs (SEP-IRAs) set up for employees. A business of any size, even self-employed, can establish a SEP.
IraSimple	A SIMPLE IRA plan (Savings Incentive Match PLan for Employees) allows employees and employers to contribute to traditional IRAs set up for employees. It is ideally suited as a start-up retirement savings plan for small employers not currently sponsoring a retirement plan.
IraTraditional	A traditional individual retirement account (IRA) is a retirement account that an individual opens independently from an employer's retirement plan.

Required Attributes

The below are all the required attributes needed to open an IRA - US account.

Attributes	Data Type
entityNumber	Integer
accountNumber	String
main	Main
mailingAddress	Mailing Address
primaryOwner	Primary Owner
electronicDelivery	Electronic Delivery
retirementBeneficiaries	Retirement Beneficiaries

Main

Attributes	Data Type	Length
repCode	String	4
proxyDisclosure	Proxy Disclosure
sweepIndicator	Boolean
catAccountIdentifier	CAT Account Identifier

Mailing Address

Attributes	Data Type	Max Length
country	Countries	1
street	String	30
city	String	15
stateProvince	US States CanadianProvinces	1
postalCode	String	U.S. - 9
		U.S. - 10

Primary Owner

Attributes	Data Type	Max Length	Description
firstname	String	30	INDIVIDUAL: First Name ENTITY: Name 1, /, -, # these special characters can be used
middlename	String	30	INDIVIDUAL: Middle Name ENTITY: Name 2, /, -, # these special characters can be used
lastname	String	30	INDIVIDUAL: Last Name ENTITY: Name 2, /, -, # these special characters can be used
suffix	String	30	INDIVIDUAL: Suffix ENTITY: Name 2, /, -, # these special characters can be used
citizenshipCountry	Countries
birthDate	Date Format
legalAddress	Address
phoneRegionHome	Phone Region Codes
phoneNumberHome	String	15
phoneRegionCell	Phone Region Codes
phoneNumberCell	String	15
phoneRegionBusiness	Phone Region Codes
phoneNumberBusiness	String	15
occupation	Occupation
taxIdType	US Tax ID Types	9
taxIdNumber	String	9
sourceOfFunds	Sources of Funds
caisInformation	Valid C.A.I.S. Values
institutionalInvestor	Boolean		A bank, savings and loan association, insurance company, registered investment company, investment adviser, or any individual or entity with $50 million or more in assets.
trustedContact	Trusted Contact
affiliation	Affiliation

Requirements

Phone Number: At least one pair of phone information must be provided. Home, Business, or Cell phone. PhoneRegionCode and PhoneNumber.

Affiliation

Industry

Attributes	Data Type
associated	Boolean
firmClearing	Boolean
companyName	String

Political

Attributes	Data Type
associated	Boolean
firstName	String
lastName	String
organization	String
relationship	String

Public Company

Attributes	Data Type
associated	Boolean
name	String
symbol	String

StoneX

Attributes	Data Type
associated	Boolean
name	String
position	String
relationship	String
affiliatedEntity	Affiliated Entity

Electronic Delivery

Attributes	Data Type
email	String
statements	Boolean
confirms	Boolean
stonexCommunications	Boolean
investorCommunications	Boolean
prospectus	Boolean
taxDocuments	Boolean

Email Requirement

If all electronic delivery elections are false, the email is not required.

Retirement Beneficiaries

Attributes	Data Type	Max Length	Description
delete	Boolean		Remove the associated party from the account.
primaryContingent	Primary Contingent
nameAddressLine1	String	30
nameAddressLine2	String	30
nameAddressLine3	String	30
nameAddressLine4	String	30
nameAddressLine5	String	30
nameAddressLine6	String	30
birthDate	Date Format
taxIdType	US Tax ID Types
taxId	String
relationship	Relationship Type
percentAllocation	Number		Number with two decimal place

Example

{
    "entityNumber": "301",
    "registrationType": "IraSimple",
    "main": {
        "repCode": "JC01"
    },
    "electronicDelivery": {
        "email": "[email protected]",
        "statements": "false",
        "confirms": "false",
        "stonexCommunications": "true",
        "investorCommunications": "true",
        "prospectus": "true",
        "taxDocuments": "false"
    },
    "mailingAddress": {
        "country": "US",
        "street": "1549 Scott Center Rd",
        "city": "Sherman",
        "stateProvince": "AL",
        "postalCode": "14781"
    },
    "primaryOwner": {
        "firstname": "John",
        "middlename": "David",
        "lastname": "Doe",
        "suffix": "",
        "citizenshipCountry": "US",
        "birthDate": "1980-05-25",
        "email": "[email protected]",
        "legalAddress": {
            "street": "62 Blue Spruce Ln",
            "city": "Ballston Lake",
            "stateProvince": "NY",
            "postalCode": "12019",
            "country": "US"
        },
        "occupation": "accountingOrAuditing",
        "employerName": "ABC Accounting",
        "employerPhoneNumber": "5205123987",
        "employerAddress": {
            "street": "2 Perimeter Park S",
            "city": "Birmingham",
            "stateProvince": "AL",
            "country": "US",
            "postalCode": "35243"
        },
        "taxIdType": "TaxId",
        "taxIdNumber": "123456788",
        "governmentIdentification": {
            "governmentId1": {
                "idType": "NationalId",
                "idNumber": "AL12345",
                "idIssueDate": "2020-01-01",
                "idExpiration": "2026-01-01"
            },
            "governmentId2": {
                "idType": "Passport",
                "idNumber": "j123312345",
                "idIssueDate": "2020-01-01",
                "idExpiration": "2026-01-01"
            }
        },
        "sourceOfFunds": [
            "Employment",
            "Other"
        ],
        "othersourceoffund": "OtherTesting",
        "JobTitle": "Software Developer",
        "phoneNumberCell": "2059871212",
        "phoneNumberHome": "9992986495",
        "phoneNumberBusiness": "1234567890",
        "caisInformation": {
            "customerType": [
                "Trust"
            ],
            "AccountType": [
                "Institution",
                "Retirement"
            ],
        "Role": "Auth"
        },
        "trustedContact": {
            "name": "Jane Smith",
            "relationship": "spouse",
            "phoneNumber": "2056786578",
            "email": "[email protected]",
            "address": {
                "country": "US",
                "street": "459 South Segunbagicha",
                "city": "Ramna",
                "stateProvince": "NY",
                "postalCode": "35243"
            }
        },
        "maritalStatus": "single",
        "dependents": "3"
    },
    "financialProfile": { 
        "annualIncome": "F",
        "netWorth": "D",
        "liquidNetWorth": "C",
        "liquidityNeed": "Medium",
        "liquidityTime": "High",
        "taxBracket": "LessThan10",
        "investmentTimeHorizon": "OneToThreeYears",
        "investmentProfile": "Conservative",
        "INVESTMENTEXPERIENCE": {
            "STOCKS": "AVERAGE",
            "BONDS": "EXTENSIVE",
            "OPTIONS": "LIMITED",
            "MUTUALFUNDS": "EXTENSIVE",
            "ANNUITIES": "NONE"
        }
    },
    "associatedParties": [
        {
            "role": "ASSOCIATE",
            "firstName": "Rob",
            "middleName": "Jack",
            "lastName": "TEST1",
            "suffix": "MR",
            "governmentIdentification": {
                "governmentId1": {
                    "idType": "NationalId",
                    "idNumber": "MA1213221",
                    "idIssueDate": "2020-11-11",
                    "idExpiration": "2030-11-11"
                }
            },
            "legalAddress": {
                "city": "BOSTON",
                "stateProvince": "MA",
                "country": "US",
                "postalCode": "22333",
                "street": "2 Perimeter Park S"
            },
            "citizenshipCountry": "US",
            "TaxIdType": "TaxId",
            "TaxIdNumber": "123456789",
            "phoneNumberCell": "2059871212",
            "email": "[email protected]",
            "maritalStatus": "Married",
            "dependents": "02",
            "employerName": "Stonex1",
            "employerPhoneNumber": "5205123987",
            "employerAddress": {
                "city": "BOSTON",
                "stateProvince": "MA",
                "country": "US",
                "postalCode": "21345",
                "street": "2 Perimeter Park S"
            },
            "caisInformation": {
                "customerType": [
                    "Trust"
                ],
                "AccountType": [
                    "Institution",
                    "Retirement"
                ],
            "Role": "Auth"
            },
            "birthDate": "1983-11-11",
            "financialProfile": { 
                "annualIncome": "F",
                "netWorth": "D",
                "liquidNetWorth": "C",
                "liquidityNeed": "Medium",
                "liquidityTime": "High",
                "taxBracket": "LessThan10",
                "investmentTimeHorizon": "OneToThreeYears",
                "investmentProfile": "Conservative",
                "INVESTMENTEXPERIENCE": {
                    "STOCKS": "LIMITED",
                    "BONDS": "EXTENSIVE",
                    "OPTIONS": "LIMITED",
                    "MUTUALFUNDS": "EXTENSIVE",
                    "ANNUITIES": "NONE"
                }
            }
        }
    ]
}