Bradley Associates Spain asks: Are there different kinds of brokerage account types, and if so what are they?

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Well to start off, there's cash account, margin account and option account. A cash account is the traditional brokerage account (sometimes called a "Type 1"). If you have a cash account, you may make trades, but you have to pay in full for all purchases by the settlement date. A margin account is a type of brokerage account that allows you to take out loans against securities you own (sometimes called a "Type 2"). An option account is a type of brokerage account that allows you to trade stock options (that is, puts and calls).

Yes, actually brokerage houses offer clients a number of different accounts. The most common ones are a cash account, a margin account (cash and margin account), and an option account (cash, margin, and option account). Basically, these accounts represent different levels of credit and trustworthiness of the account holder as evaluated by the brokerage house.