Do i need to report a "foreign brokerage account" (>50000) held with a foreign trading company on 8938? If so under which category - Financial account or financial asset?

[manojjndl]

i have a foreign bank account (value > 50000USD) so i do need to report it to IRS on 8938. I also have a foreign trading account (maintained by a foreign company linked to the bank account) in which i have some stocks of value 2000USD. Do i need to report this on 8938. If so under which category? Financial account or financial asset?
I also have another account for Gold margin trading. this account allows me to buy and sell gold at spot price for a margin. Do i report this account as well? Under which category?

[DS30]

Yes - If you meet the reporting requirements for Form 8938, then you will need to report a foreign investment amount (as a foreign financial account) on Form 8938. This would also apply to reporting a foreign gold margin trading account (as a foreign financial account).

Regarding your FBAR requirement -

If you have foreign financial accounts, you may be required to file a Report of Foreign Bank and Financial Accounts (FBAR) if are a US citizen or resident and::

1. you had a financial interest in or signature authority over at least one financial account located outside of the United States; and
2. the aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year reported.

Foreign financial accounts consist of all foreign financial accounts that you own separately or jointly or for which you have signatory authority over (such as a foreign business account that is owned by the business but for which you can sign checks or redirect funds).

To be directed to the US Treasury Government Website to prepare a Report of Foreign Bank and Financial Accounts, click FBAR (TurboTax does not support this form)

Here is a link to the IRS related to both the FBAR filing and the Form 8938 filing: IRS - Comparison of Form 8938 and FBAR Requirements