diff --git a/CHANGELOG.md b/CHANGELOG.md
index a6e4e5b8f..ce4af8b18 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -15,6 +15,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Changed
 
 - Harmonized the style of the user interface for granting and revoking public access to share the portfolio
+- Removed the account type from the user interface as a preparation to remove it from the `Account` database schema
 - Improved the logger output of the info service
 - Harmonized the logger output: <symbol> (<dataSource>)
 - Improved the language localization for Italian (`it`)
diff --git a/apps/api/src/app/account/create-account.dto.ts b/apps/api/src/app/account/create-account.dto.ts
index c700e7fa9..eb24d959a 100644
--- a/apps/api/src/app/account/create-account.dto.ts
+++ b/apps/api/src/app/account/create-account.dto.ts
@@ -10,6 +10,7 @@ import {
 import { isString } from 'lodash';
 
 export class CreateAccountDto {
+  @IsOptional()
   @IsString()
   accountType: AccountType;
 
diff --git a/apps/api/src/app/account/update-account.dto.ts b/apps/api/src/app/account/update-account.dto.ts
index d8c62aff7..a91914482 100644
--- a/apps/api/src/app/account/update-account.dto.ts
+++ b/apps/api/src/app/account/update-account.dto.ts
@@ -10,6 +10,7 @@ import {
 import { isString } from 'lodash';
 
 export class UpdateAccountDto {
+  @IsOptional()
   @IsString()
   accountType: AccountType;
 
diff --git a/apps/api/src/app/export/export.service.ts b/apps/api/src/app/export/export.service.ts
index abeaf389d..fb7e09d41 100644
--- a/apps/api/src/app/export/export.service.ts
+++ b/apps/api/src/app/export/export.service.ts
@@ -26,18 +26,8 @@ export class ExportService {
         where: { userId }
       })
     ).map(
-      ({
-        accountType,
-        balance,
-        comment,
-        currency,
-        id,
-        isExcluded,
-        name,
-        platformId
-      }) => {
+      ({ balance, comment, currency, id, isExcluded, name, platformId }) => {
         return {
-          accountType,
           balance,
           comment,
           currency,
diff --git a/apps/client/src/app/components/account-detail-dialog/account-detail-dialog.component.ts b/apps/client/src/app/components/account-detail-dialog/account-detail-dialog.component.ts
index 06e4cebf6..3a4746b6b 100644
--- a/apps/client/src/app/components/account-detail-dialog/account-detail-dialog.component.ts
+++ b/apps/client/src/app/components/account-detail-dialog/account-detail-dialog.component.ts
@@ -29,13 +29,13 @@ import { AccountDetailDialogParams } from './interfaces/interfaces';
   styleUrls: ['./account-detail-dialog.component.scss']
 })
 export class AccountDetailDialog implements OnDestroy, OnInit {
-  public accountType: string;
   public balance: number;
   public currency: string;
   public equity: number;
   public name: string;
   public orders: OrderWithAccount[];
   public platformName: string;
+  public transactionCount: number;
   public user: User;
   public valueInBaseCurrency: number;
 
@@ -65,15 +65,14 @@ export class AccountDetailDialog implements OnDestroy, OnInit {
       .pipe(takeUntil(this.unsubscribeSubject))
       .subscribe(
         ({
-          accountType,
           balance,
           currency,
           name,
           Platform,
+          transactionCount,
           value,
           valueInBaseCurrency
         }) => {
-          this.accountType = translate(accountType);
           this.balance = balance;
           this.currency = currency;
 
@@ -85,6 +84,7 @@ export class AccountDetailDialog implements OnDestroy, OnInit {
 
           this.name = name;
           this.platformName = Platform?.name ?? '-';
+          this.transactionCount = transactionCount;
           this.valueInBaseCurrency = valueInBaseCurrency;
 
           this.changeDetectorRef.markForCheck();
diff --git a/apps/client/src/app/components/account-detail-dialog/account-detail-dialog.html b/apps/client/src/app/components/account-detail-dialog/account-detail-dialog.html
index 126c33ac5..46a5ee7b0 100644
--- a/apps/client/src/app/components/account-detail-dialog/account-detail-dialog.html
+++ b/apps/client/src/app/components/account-detail-dialog/account-detail-dialog.html
@@ -44,8 +44,8 @@
         >
       </div>
       <div class="col-6 mb-3">
-        <gf-value i18n size="medium" [value]="accountType"
-          >Account Type</gf-value
+        <gf-value i18n size="medium" [value]="transactionCount"
+          >Activities</gf-value
         >
       </div>
       <div class="col-6 mb-3">
diff --git a/apps/client/src/app/components/accounts-table/accounts-table.component.html b/apps/client/src/app/components/accounts-table/accounts-table.component.html
index 0b859321f..d3ece8977 100644
--- a/apps/client/src/app/components/accounts-table/accounts-table.component.html
+++ b/apps/client/src/app/components/accounts-table/accounts-table.component.html
@@ -85,7 +85,7 @@
   <ng-container matColumnDef="transactions">
     <th
       *matHeaderCellDef
-      class="px-1 text-right"
+      class="justify-content-end px-1"
       mat-header-cell
       mat-sort-header="transactionCount"
     >
@@ -93,9 +93,7 @@
       <span class="d-none d-sm-block" i18n>Activities</span>
     </th>
     <td *matCellDef="let element" class="px-1 text-right" mat-cell>
-      <ng-container *ngIf="element.accountType === 'SECURITIES'">{{
-        element.transactionCount
-      }}</ng-container>
+      {{ element.transactionCount }}
     </td>
     <td *matFooterCellDef class="px-1 text-right" mat-footer-cell>
       {{ transactionCount }}
diff --git a/apps/client/src/app/pages/accounts/accounts-page.component.ts b/apps/client/src/app/pages/accounts/accounts-page.component.ts
index 96bd06816..ab03340df 100644
--- a/apps/client/src/app/pages/accounts/accounts-page.component.ts
+++ b/apps/client/src/app/pages/accounts/accounts-page.component.ts
@@ -10,7 +10,7 @@ import { ImpersonationStorageService } from '@ghostfolio/client/services/imperso
 import { UserService } from '@ghostfolio/client/services/user/user.service';
 import { User } from '@ghostfolio/common/interfaces';
 import { hasPermission, permissions } from '@ghostfolio/common/permissions';
-import { Account as AccountModel, AccountType } from '@prisma/client';
+import { Account as AccountModel } from '@prisma/client';
 import { DeviceDetectorService } from 'ngx-device-detector';
 import { Subject, Subscription } from 'rxjs';
 import { takeUntil } from 'rxjs/operators';
@@ -151,7 +151,6 @@ export class AccountsPageComponent implements OnDestroy, OnInit {
   }
 
   public openUpdateAccountDialog({
-    accountType,
     balance,
     comment,
     currency,
@@ -163,7 +162,6 @@ export class AccountsPageComponent implements OnDestroy, OnInit {
     const dialogRef = this.dialog.open(CreateOrUpdateAccountDialog, {
       data: {
         account: {
-          accountType,
           balance,
           comment,
           currency,
@@ -232,7 +230,6 @@ export class AccountsPageComponent implements OnDestroy, OnInit {
     const dialogRef = this.dialog.open(CreateOrUpdateAccountDialog, {
       data: {
         account: {
-          accountType: AccountType.SECURITIES,
           balance: 0,
           comment: null,
           currency: this.user?.settings?.baseCurrency,
diff --git a/apps/client/src/app/pages/accounts/create-or-update-account-dialog/create-or-update-account-dialog.html b/apps/client/src/app/pages/accounts/create-or-update-account-dialog/create-or-update-account-dialog.html
index 7c1768f1a..7b6f399a0 100644
--- a/apps/client/src/app/pages/accounts/create-or-update-account-dialog/create-or-update-account-dialog.html
+++ b/apps/client/src/app/pages/accounts/create-or-update-account-dialog/create-or-update-account-dialog.html
@@ -8,15 +8,6 @@
         <input matInput name="name" required [(ngModel)]="data.account.name" />
       </mat-form-field>
     </div>
-    <div>
-      <mat-form-field appearance="outline" class="w-100">
-        <mat-label i18n>Type</mat-label>
-        <mat-select name="type" required [(value)]="data.account.accountType">
-          <mat-option i18n value="CASH">Cash</mat-option>
-          <mat-option i18n value="SECURITIES">Securities</mat-option>
-        </mat-select>
-      </mat-form-field>
-    </div>
     <div>
       <mat-form-field appearance="outline" class="w-100">
         <mat-label i18n>Currency</mat-label>
diff --git a/apps/client/src/app/pages/portfolio/activities/activities-page.component.ts b/apps/client/src/app/pages/portfolio/activities/activities-page.component.ts
index baa68f795..c89b6c490 100644
--- a/apps/client/src/app/pages/portfolio/activities/activities-page.component.ts
+++ b/apps/client/src/app/pages/portfolio/activities/activities-page.component.ts
@@ -238,9 +238,7 @@ export class ActivitiesPageComponent implements OnDestroy, OnInit {
     const dialogRef = this.dialog.open(CreateOrUpdateActivityDialog, {
       data: {
         activity,
-        accounts: this.user?.accounts?.filter((account) => {
-          return account.accountType === 'SECURITIES';
-        }),
+        accounts: this.user?.accounts,
         user: this.user
       },
       height: this.deviceType === 'mobile' ? '97.5vh' : '80vh',
@@ -282,9 +280,7 @@ export class ActivitiesPageComponent implements OnDestroy, OnInit {
 
         const dialogRef = this.dialog.open(CreateOrUpdateActivityDialog, {
           data: {
-            accounts: this.user?.accounts?.filter((account) => {
-              return account.accountType === 'SECURITIES';
-            }),
+            accounts: this.user?.accounts,
             activity: {
               ...aActivity,
               accountId: aActivity?.accountId ?? this.defaultAccountId,
diff --git a/apps/client/src/app/pages/portfolio/allocations/allocations-page.component.ts b/apps/client/src/app/pages/portfolio/allocations/allocations-page.component.ts
index 844f04d9c..ec7a07081 100644
--- a/apps/client/src/app/pages/portfolio/allocations/allocations-page.component.ts
+++ b/apps/client/src/app/pages/portfolio/allocations/allocations-page.component.ts
@@ -173,17 +173,15 @@ export class AllocationsPageComponent implements OnDestroy, OnInit {
         if (state?.user) {
           this.user = state.user;
 
-          const accountFilters: Filter[] = this.user.accounts
-            .filter(({ accountType }) => {
-              return accountType === 'SECURITIES';
-            })
-            .map(({ id, name }) => {
+          const accountFilters: Filter[] = this.user.accounts.map(
+            ({ id, name }) => {
               return {
                 id,
                 label: name,
                 type: 'ACCOUNT'
               };
-            });
+            }
+          );
 
           const assetClassFilters: Filter[] = [];
           for (const assetClass of Object.keys(AssetClass)) {
diff --git a/apps/client/src/app/pages/portfolio/analysis/analysis-page.component.ts b/apps/client/src/app/pages/portfolio/analysis/analysis-page.component.ts
index a9ab22454..1fb25f44f 100644
--- a/apps/client/src/app/pages/portfolio/analysis/analysis-page.component.ts
+++ b/apps/client/src/app/pages/portfolio/analysis/analysis-page.component.ts
@@ -139,17 +139,15 @@ export class AnalysisPageComponent implements OnDestroy, OnInit {
         if (state?.user) {
           this.user = state.user;
 
-          const accountFilters: Filter[] = this.user.accounts
-            .filter(({ accountType }) => {
-              return accountType === 'SECURITIES';
-            })
-            .map(({ id, name }) => {
+          const accountFilters: Filter[] = this.user.accounts.map(
+            ({ id, name }) => {
               return {
                 id,
                 label: name,
                 type: 'ACCOUNT'
               };
-            });
+            }
+          );
 
           const assetClassFilters: Filter[] = [];
           for (const assetClass of Object.keys(AssetClass)) {
diff --git a/apps/client/src/app/pages/portfolio/holdings/holdings-page.component.ts b/apps/client/src/app/pages/portfolio/holdings/holdings-page.component.ts
index c4201a6ca..6d27b70f7 100644
--- a/apps/client/src/app/pages/portfolio/holdings/holdings-page.component.ts
+++ b/apps/client/src/app/pages/portfolio/holdings/holdings-page.component.ts
@@ -114,17 +114,15 @@ export class HoldingsPageComponent implements OnDestroy, OnInit {
             permissions.createOrder
           );
 
-          const accountFilters: Filter[] = this.user.accounts
-            .filter(({ accountType }) => {
-              return accountType === 'SECURITIES';
-            })
-            .map(({ id, name }) => {
+          const accountFilters: Filter[] = this.user.accounts.map(
+            ({ id, name }) => {
               return {
                 id,
                 label: name,
                 type: 'ACCOUNT'
               };
-            });
+            }
+          );
 
           const assetClassFilters: Filter[] = [];
           for (const assetClass of Object.keys(AssetClass)) {
diff --git a/libs/common/src/lib/interfaces/export.interface.ts b/libs/common/src/lib/interfaces/export.interface.ts
index b142cb2f8..60fdd93e0 100644
--- a/libs/common/src/lib/interfaces/export.interface.ts
+++ b/libs/common/src/lib/interfaces/export.interface.ts
@@ -5,7 +5,10 @@ export interface Export {
     date: string;
     version: string;
   };
-  accounts: Omit<Account, 'createdAt' | 'isDefault' | 'updatedAt' | 'userId'>[];
+  accounts: Omit<
+    Account,
+    'accountType' | 'createdAt' | 'isDefault' | 'updatedAt' | 'userId'
+  >[];
   activities: (Omit<
     Order,
     | 'accountUserId'
diff --git a/libs/ui/src/lib/i18n.ts b/libs/ui/src/lib/i18n.ts
index fc622c074..49c4e7b6e 100644
--- a/libs/ui/src/lib/i18n.ts
+++ b/libs/ui/src/lib/i18n.ts
@@ -21,7 +21,6 @@ const locales = {
   PRESET_ID: $localize`Preset`,
   RETIREMENT_PROVISION: $localize`Retirement Provision`,
   SATELLITE: $localize`Satellite`,
-  SECURITIES: $localize`Securities`,
   SYMBOL: $localize`Symbol`,
   TAG: $localize`Tag`,
   YEAR: $localize`Year`,
diff --git a/prisma/migrations/20230915141658_changed_account_type_to_optional_in_account/migration.sql b/prisma/migrations/20230915141658_changed_account_type_to_optional_in_account/migration.sql
new file mode 100644
index 000000000..715610542
--- /dev/null
+++ b/prisma/migrations/20230915141658_changed_account_type_to_optional_in_account/migration.sql
@@ -0,0 +1,3 @@
+-- AlterTable
+ALTER TABLE "Account" ALTER COLUMN "accountType" DROP NOT NULL,
+ALTER COLUMN "accountType" DROP DEFAULT;
diff --git a/prisma/schema.prisma b/prisma/schema.prisma
index b8e6064a2..81646012a 100644
--- a/prisma/schema.prisma
+++ b/prisma/schema.prisma
@@ -21,7 +21,7 @@ model Access {
 }
 
 model Account {
-  accountType AccountType      @default(SECURITIES)
+  accountType AccountType?
   balance     Float            @default(0)
   balances    AccountBalance[]
   comment     String?
diff --git a/test/import/ok-500-activities.json b/test/import/ok-500-activities.json
index 9fe1aa8c8..f2aeab113 100644
--- a/test/import/ok-500-activities.json
+++ b/test/import/ok-500-activities.json
@@ -5,7 +5,6 @@
   },
   "accounts": [
     {
-      "accountType": "SECURITIES",
       "balance": 2000,
       "currency": "USD",
       "id": "b2d3fe1d-d6a8-41a3-be39-07ef5e9480f0",
@@ -6016,4 +6015,4 @@
       "symbol": "AAPL"
     }
   ]
-}
\ No newline at end of file
+}
diff --git a/test/import/ok.json b/test/import/ok.json
index 335d2cd8a..999006e72 100644
--- a/test/import/ok.json
+++ b/test/import/ok.json
@@ -5,7 +5,6 @@
   },
   "accounts": [
     {
-      "accountType": "SECURITIES",
       "balance": 2000,
       "currency": "USD",
       "id": "b2d3fe1d-d6a8-41a3-be39-07ef5e9480f0",