How to Fund Your Account
There is no minimum investment for domestic accounts. For international accounts Investrade require a low minimum of $5,000 equity in any combination of US dollars and/or US exchange traded securities. Investrade does not require a minimum balance to be maintained and does not charge maintenance fees for inactive accounts.
Accounts may be funded by wire transfer, check, stock certificate or account transfer. Money orders, third party checks and starter checks are not accepted. Funds must accompany your account application.
Account processing will occur within one (1) business day after receipt of account paperwork. Once your account has been approved, cleared funds are required to begin trading. All checks including certified and cashier's checks require a minimum of 10 business days to become available for investing.
ChecksMake all checks payable to: Penson Financial Services, Inc. When making deposits into your IRA, please include the IRA Deposit Slip. Important Note: Cashier's Checks must have the remitter's name electronically printed directly on the check by the issuing bank. Money orders, third party checks and starter checks are not accepted. For security reasons, initial deposits have a 10 business day hold before they can be withdrawn. |
|
Mail:For your convenience, you may mail checks to our Glenview, IL or Fort Myers, FL offices. |
|
Investrade Discount Securities |
Investrade Discount Securities |
Wire Transfer |
|
Domestic:JP Morgan Chase Bank |
International (USD):
Chase Manhattan Bank, NYC |
Stock Certificates |
|
To endorse stock certificates over to Investrade:
If you have any questions regarding stock certificates, please call customer service at 1-800-498-7120. Important Note: Investrade does not accept for deposit or process restricted stock. |
|