Individual

A personal investment account registered under one person’s name only. Equities and Options trading are available.

Forms needed: Account Application

Joint Tenants with Rights of Survivorship

This is a joint account in which, in the event of death of one of the tenants, the ownership of the entire account reverts to the surviving tenant. Equities and Options trading are available.

Forms needed: Account Application, Joint Agreement – Rights of Survivorship

Joint Tenants in Common

This is a joint account in which, in the event of the death of one of the tenants, the surviving tenant is entitled to only his/her pro rata portion of the account before the death of the other tenant. Ownership is assumed to be 50/50 unless SpeedTrader is notified otherwise in writing signed by both joint owners. Equities and Options trading are available.

Forms needed: Account Application, Joint Agreement – Tenants In Common

Corporate

Accounts must be registered in the same name of the corporation. Please include the Corporate Agreement form. Equities and Options trading are available.

Forms needed: Account Application, Corporate Agreement, Articles and Certificate of Incorporation, Copies of the ID’s for all officers

Limited Liability Corporation

This account is registered in the name of the Limited Liability Company as organized under applicable state laws. At least one individual must be granted full trading authorization. A Tax Identification Number is used, not an individual Social Security Number. Equities and Options trading are available.

Forms needed: Account Application, Limited Liability Company Authorization, Articles and/or Certificate of Incorporation, Copies of the ID’s for all officers

Sole Proprietorship

You must register the account in the name of the sole proprietorship, not an individual’s name. Equities and Options trading are available.

Forms needed: Account Application, Sole Ownership Affidavit, Articles and Certificate of Incorporation, Copies of the ID’s for all officers

Partnership

This account is registered in the name of the Partnership and in the care of the General Partner(s) of a Partnership. At least one person must be granted full trading authorization. A Tax Identification Number must be used, not an individual Social Security Number. Equities and Options trading are available.

Forms needed: Account Application, Partnership Account Agreement, Partnership Documents, Copies of the ID’s for all partners

Revocable Personal Trust

Account is opened under the legal name of the trust. If a Revocable Trust, a person’s Social Security number is used. Equities and Options trading are available, if allowed by the trust.

Forms needed: Account Application, Trustee Certification, Trust Agreement, Copies of the ID’s for all trustees and beneficiaries

Non Revocable Personal Trust

Account is opened under the legal name of the trust. If a Non Revocable Trust, a Tax ID number is used rather than a Social Security Number. Equities and Options trading are available, if allowed by the trust.

Forms needed: Account Application, Trustee Certification, Trust Agreement, Copies of the ID’s for all trustees and beneficiaries

Margin Equity Requirements – Day trade Margin Account

All accounts, classified as pattern day trading margin accounts, must have a minimum of $25,000 each day to affect day trades. If account falls below the minimum equity level, a minimum equity call will be issued and is due the same business day. While the minimum equity call is outstanding, the account will be restricted to liquidating transactions only. A client may appreciate out of a minimum equity call.

Margin Equity Requirements – Non-Day trade Margin Account

Non-day trade margin accounts must maintain a minimum ongoing balance of $15,000 in order to continue their margin status. If the account closes (marked-to-market) below $15,000, the account will be reduced to 1 x buying power. If the account balance is back over $15,000 margin buying power will be restored. You also must maintain a minimum balance of at least $15,000 at all times in order to remain on the trading software.

Margin Maintenance Requirements

Maintenance Requirement (MR) is that part of the value of your securities that is withheld from your equity when holding a security in your account. The MR is calculated by taking the Market Value (MV) of each security in your account marked to the market multiplied by the Minimum Maintenance Requirement, or the higher COR House Maintenance Requirement Percentage, if applicable.

A day trade exists when the purchase and sale or sale and purchase of the same security on the same day in a single account takes place. Our clearing firm, COR Clearing LLC, will look at the number of “Closing” transactions to determine the number of day trades in an account.

COR Clearing LLC and Stock USA will run a query to see which customers meet the day trading definition criteria. On a daily basis, the trading activity in each individual account will be assessed to match and calculate the number of day trades for that day. This information will then be compiled with the previous 4-business day’s trades to determine the status of the account. Clients will be notified by e-mail the following business day if their account meets the Pattern Day Trader requirements and is converted to a Day Trade Account.

For the purposes of Pattern Day Trading, a “security” is defined to include both equity (stock) and option transactions.

The client can advise SpeedTrader in writing (by signing the Pattern Trader Change of Strategy letter) via fax or e-mail to remove the classification of a Pattern Day Trader from his/her account. Note: Clients may request to change their account classification (day trade to non-day trade) ONLY one time per 90 days.