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View Funding Reference ~ FAQs

 
 

Simple Steps to Fund your Account:

 

Simply login to “Account Management

Click on “Fund Transfers”

Select an option (Check, ACH, or Wire Transfer)

 

 

Funding Reference

View our complete Funding Reference Page

 


Learn all of the methods for funding your online trading account including types of acceptable checks, ACH and wire transfers, direct rollovers, trustee to trustee transfers,funding via online bill payment as well as much more information.

 

 

More Basic Details about Funding your Account

 

Deposits

Funding your account is made simple with Place Trade and our clearing firm (IB). To deposit funds in your PT account, you must first complete a deposit notification. This will allow the clearing firm to properly identify incoming funds and will ensure your funds retain their originating currency of denomination.

 

  • To complete a deposit notification, visit the Funds Transfer page in Account Management/Funds Management.
  • You must contact your bank or Place Trade Financial to complete funds transfers after the completion of a deposit notification.
  • Detailed instructions on where or how to send funds will be provided after a deposit notification is completed and received. Instructions may vary.
  • Checks or wire transfers absent of the proper deposit instructions will be held by the clearing firm until you are contacted.

 

 

Internal Funds Transfers

 

To make an internal fund transfer, you must complete an Internal Funds Transfer request. You can do this in the Account Management/Funds Management page. Funds that are on hold cannot be internally transferred.

 

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Account processing will occur within one (1) business day after receipt. 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 5 business days before becoming available for investing. For options trading, a minimum of 7 business days is required.

With the exception of the minimum investment to open an account, Place Trade Financial does not require a minimum balance to be maintained and does not charge maintenance fees for inactive accounts. (Please note that commissions and fees can change without notice.)

  

For more information on funding your account, please click here.

 

 

 

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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

 

 

 

Place Trade offers $0.01 per share* online stock trading commissions!

$0.75 per Options Contract**

Open your Place Trade account & Start Saving Today!

*minimum $1.50    **minimum $1.50