|
Apply
To apply for an account, please complete the application
below.
Important:
FINRA
Rule 2520: Pattern Day Trading Margin Rules
To apply for an account please complete, print and
sign the Account Application and send it to us via
fax or US mail.
Additional
Forms
- $25,000 minimum to open
a pattern day trading account*
- $2,000 minimum to open
a regular margin account.
- $500 minimum to open a
regular cash account.**
Foreign Accounts
(Required for Non-US residents)
W8-BEN
Certificate of Foreign Status
Photocopy of Passport
or other Government issued ID
Proof of Address
(Copy of a Financial Statement from a Bank or
Brokerage account)
Add Options Trading
Option
Agreement
Do you wish to trade options using this account?
Required:
Options involve specific risks and complexities, and
are not suitable for all investors. Prior to buying
or selling an option, a person must receive a copy
of
Characteristics and Risks of Standardized Options.
Uncovered options carry special risks and uncovered
option writers must also read the
Statement for Uncovered Option
Writers. Copies of
this document are available from our firm by calling
1(800)874-3039. You may also request a copy of the
printed booklet delivered by U.S. postal mail.
Account Transfer
ACAT
Request Form (Account Transfer) (Copy of last
Statement from other firm Required)
Add Futures Trading
- $5,000 minimum account
Futures
Account Application
If you would like to open a futures trading account
you need to submit this form to complete your application
process.
Add Forex Trading
- $5,000 minimum account
Forex Account Application
If you would like to open a forex (fx currency)
trading account you need to submit this form to
complete your application process.
Forex trading involves
substantial risk of loss and is not suitable for all
investors.
Read full disclosure.
Account Protection / Insurance
- Stock USA Execution Services
Member of
SIPC,
which protects securities customers of its members
up to $500,000 (including $100,000 for claims for
cash). Explanatory brochure available upon request
or at
www.sipc.org.
Our clearing firm,
Penson Financial Services, has purchased an
additional insurance policy through a group of
London Underwriters (with Lloyds of London
Syndicates as the Lead Underwriter) to supplement
SIPC protection. This additional insurance policy
becomes available to customers in the event that
SIPC limits are exhausted and provides protection of
securities and cash up to an aggregate of $600
million. This is provided to pay amounts in addition
to those returned in a SIPC liquidation. This
additional insurance policy is limited to a combined
return to any customer from a Trustee, SIPC and
London Underwriters of $150 million, including cash
of up to $2 million. This additional insurance is
through a third party provider and is NOT offered by
the
Securities Investor Protection
Corporation (SIPC).
This additional insurance does not protect against
market depreciation, fluctuation or trading
losses.
*Note: According to FINRA & SEC rules, pattern
day traders must maintain a $25,000 equity balance
to remain on margin and receive 4 to 1 day trading
buying power.
*FINRA
Rule 2520
** $500 minimum for WEB only. $2000 minimum for DAS.
Please fax accounts form to 1-845-622-4878.
All transactions are
executed through Stock USA Execution Services Member
FINRA,
SIPC
&
NFA |
