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Configuring Your Online Trading Account

How to Choose and Configure Your Account

Overview Configuring Your Account Trading Requirements Trading Permissions Market Data Required Minimums



Overview - How to set up your account

  Please Note: the following information refers to configuring your online trading/brokerage account. Full service clients and mutual fund investors may have different requirements. Please speak with your advisor for details by calling 1-919-719-7200 for more information.  


All Place Trade accounts are fully and easily configurable to meet the needs of traders, investors and institutions. You will have the opportunity to set your initial configuration when you fill out your new your account application. If you wish to customize your experience further you may choose from many more settings, which you can easily modify at any time, after your account is open. (If you wish.) Changes may be made via Account Management.



Account Configuration



Trading Configuration






  • Account Structure - The first decision you make about your PT account is to select an account structure. PT has account structures designed for individual traders and investors, and account structures designed for institutions. Move your mouse pointer over Open An Account on our website menu to view all of our available account structures.


  • Customer Type - Once you select an account structure and begin your account application, you select one of several customer types to further identify the type of PT account you want to open. Individual and institution account structures can be combined with different customer types.


  • Base Currency - The currency of translation for your statements and the currency used for determining margin requirements.


  • Account Type - How your account will be margined. Cash, Reg T Margin and Portfolio Margin configurations are available. IRA accounts can be either cash or margin accounts.


  • Pricing Structure - The commission structure for products you trade. See our Commissions page for more information.


  • Trading Permissions - Which products you can trade and in which locations. When you specify trading permissions, you will be asked to sign any risk disclosures required by local regulatory authority.


  • Market Data Subscriptions - PT provides real-time streaming market data for free or at the price we are charged by the exchange.


  • Research Subscriptions - Subscribe to a variety of comprehensive news, fundamentals and research subscription services.


  • Trading Requirements - Financial and trading information about you, including net worth and income, investment objectives and experience, determines your qualifications for trading certain products.







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All investing involves risk, including the possible loss of principal and there can be no assurance that any investment strategy will be successful.