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 Bank or Brokerage Account Statement or a Utility Bill)

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
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
Individual Account
Joint Account
Corporate Account
Do you wish to trade Forex using this account?
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.

Penson Financial Services provides additional insurance from a third party insurer to protect client accounts up to their net equity for loss of securities and cash held at Penson Financial Services, up to an overall firm aggregate of $200 million over all customer accounts, subject to a maximum limit of $900,000 per account, in respect to cash. This additional protection is in addition to the protection provided by SIPC and is subject to certain conditions and limitations, details of which are available upon request. This additional insurance is through a third party provider and is NOT offered by the Securities Investor Protection Corporation (SIPC). This coverage does not protect against market depreciation, fluctuation or trading loss.


*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