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Application Information for Individual, Joint, Trust, IRA and UGMA/UTMA Accounts Clients


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Learn More about Brokerage Accounts for Traders and Investors

   
 
  • A single account with a default single user.

 

  • Must be 21 or older to open a margin account, 18 or older to open a cash account.

 

  • Add up to five optional Power of Attorney users.

 

  • Accounts are accepted from residents of all countries except those countries that are prohibited by the US Office of Foreign Assets Control. Click here for a list of available countries. 

 

  • A UGMA/UTMA account is intended for a custodian of a minor who is a US resident and is available as a Cash account only. Minimum deposit is 3000 USD or non-USD equivalent and the monthly activity fee for age 25 or younger applies. A UGMA/UTMA account is a single account with a default single user (the custodian), and up to five Power of Attorney users may be added. The minor for whom the account is opened must be a US legal resident and a US citizen.

 

  • Please Note: There are different requirements for mutual funds that are held fund direct. Please call your advisor at 919-719-7200 for more information today!
 
 

 

 

 

   Application Accounts Types  
 

 Individual or IRA Account Structure             Joint Account Structure             Trust Account Structure                 UGM / UTMA Account Structure

 

For important information about account security, please see our Account Protection page available via this link.

 

 

What to Expect in the Application Process

 

 

The Progress Bar:

The Progress Bar lets you know where you are in the application and how long it should take to complete each section. It shows you the sections you have completed and the section in which you are currently working.

Steps: 1 Create            2 Details           3 Funding          4 Approval          5 Configure          6 Agreements          7 Complete 

 
   New Account Application  
 

 

  • Create: First we create your account for you using your desired username and password.
  • Details: Next, you enter information about yourself, the products you wish to trade and your trading qualifications.

  • Funding: Then you tell us how you intend to fund your account. Note that you are not required to fund your account prior to approval.
  • Approval: After you complete the first three sections, we review your application for approval. Note that we sometimes require you to provide paper documents before we can complete the approval process.

  • Configure: In the ProTrack Application, while we review your application, configure the trading permissions and select market data subscriptions. In the FastTrack Application, we configure your trading permissions and market data subscriptions for you based on your selected country.

  • Agreements: Electronically sign agreements and disclosures, which PT is required to provide.

  • Complete: Once your account has been funded and activated, you are ready to trade!

 

 

You will be notified by email of the results of our application review. You can also check the status of your application at any time by selecting Finish an Application from the Login menu of our website or by following this link. Fully completed applications are usually processed within 48 business-day hours under normal business conditions. For information regarding fees please call us at 1-919-719-7200.

 
           
Configure Account - Overview
 Account Types
Trading Requirements
Trading Permissions
Required Minimums
Maket Data Overview 
 
                        

 

 

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Learn more about retirement planning by visiting some of the links below:

Roth IRA

SEP IRA

SIMPLE IRA

Traditional IRA

Qualified Plans

Rollover IRAs

Find out how Place Trade can help you get the most out of your college planning by visiting some of the links below:


Coverdell ESA

529 College Savings Plans

UGMA/UTMA Accounts