Frequently Asked Questions
How do I open a trading account?
Do you accept foreign clients?
Please contact us regarding policies for accepting accounts in the following countries: Australia, Austria, Belgium, Denmark, EEA (European Economic Area), Germany, Hong Kong, Italy, Japan, Luxembourg, Netherlands, New Zealand, Singapore, Spain, Sweden and the United Kingdom.
I have already completed the account application form, how do I send it to you?
How will I know when my trading account has been approved?
Do you offer a practice online trading account?
Is there a minimum requirement to open an account?
The minimum for the SpeedTrader Pro platform is $10,000 and $2500 for the Active Web platform. A MINIMUM DEPOSIT OF $30,000 IS REQUIRED FOR US AND FOREIGN CLIENTS TO DAY TRADE. SPEEDTRADER ACCEPTS APPLICATIONS FOR MARGIN AND OPTION ACCOUNTS ONLY. NO CASH ACCOUNTS ACCEPTED – Accounts that fall below the required minimum will be subject to certain restrictions, and additional funds may be required. SpeedTrader does not currently offer debit card and/or checking accounts.
Can I change commission plans?
If I am on a per-share rate (Plan B) how much will the commission be to buy 100 shares?
Do you offer a free trial of your trading software and platform?
Is it problematic to change software plans or data plans?
What can I trade with your firm?
What can I trade with your firm online?
Are there any share limitations?
Can I enter a GTC Order?
How can I check if a stock is shortable?
How can I request a short that is not on the trading software?
Security and Protection
Is my online trading account insured?
For accounts at Axos Clearing – Axos Clearing’s policy with Lloyd’s of London (www.lloyds.com) provides additional account coverage up to $99.5 million. With the combination of SIPC coverage and Lloyd’s of London insurance, accounts held by Axos Clearing are protected up to a total of $100 million per client, including up to $1.15 million for cash balances with an aggregate limit of $100 million.
Funding and Banking
How do I fund my trading account?
How do I transfer my account from another broker?
Can I deposit stock certificates?
Do you accept Restricted Stock Certificates?
Ready to Get Started?
Start your application and fund an account today!