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Statement basics

All statements from trading accounts should have the following information.

Anyone who trades daily should receive a daily statement from the broker. 

At a minimum statements should include:

  • Account name.
  • Account #.
  • statement period - daily/monthly/etc.
  • Account equity.
  • Changes from the previous period.
  • Account activity.
  • Commissions, fees, and other charges.

Traders should periodically check their statement to make sure the charges are what was agreed upon, the equity balance is correct, and positions and trades accurately reflect the account activity.