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United States

Individual, Joint and Trust Accounts 

 

What You Need - Application

You will need to provide the following information in the application:

Individual

Everything from the column below:

IRA
Everything from Individual column PLUS:

Trust
Everything from Individual column PLUS:

Joint

Everything from the column below:

  • Social Security Number (SSN) or proof of ID number if not US citizen;
  • Your employer name, address and phone number;
  • Bank or 3rd party broker account numbers for funding purposes, plus routing number for check deposits.

Beneficiary info for individual:

  • Name;
  • Address;
  • Social Security Number.

Beneficiary info for entity estate:

  • Date of execution of will and % of ownership.

Beneficiary info for entity trust:

  • Contact info;
  • Name of trust;
  • Article of will;
  • % ownership;
  • Date of execution of trust or will.

Beneficiary info for entity charity:

  • Name of charity;
  • % ownership;
  • Address;
  • Date of execution of will.

For IRA beneficiaries:

  • Date of Birth;
  • Social Security Number or ID number if not US citizen.

Trustees and Beneficiaries:

  • Name;
  • Residential Address (if individual);
  • Principle Place of Business
  • Address (if entity);
  • Date of Birth;
  • Social Security Number or ID number if not US citizen.

Entity Trustees:

  • Tax ID;
  • Exchange and Symbol (For any Entity Trustee or Beneficiary that is publicly traded);
  • Name, Address and Social Security Numbers of Individual Beneficiaries;
  • % of ownership per beneficiary;
  • Between 1 and 5 Settlors/Grantors and the name of each individual or entity Settlor/Grantor.

Trusts:

  • Type of Trust;
  • Date the trust was established;
  • Tax or govt-issued ID number.

For Both Account Holders:

  • Name;
  • Address;
  • Date of Birth;
  • Social Security Number;
  • Employer;
  • Employer Address;
  • Bank or 3rd party broker account numbers for funding purposes, plus routing number for check deposits.
 

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Individual, Joint and IRA Applicants in the US

 

What You Need: Documents 

 

In addition to the information that you will need to complete the application, you will be asked to provide additional documents.

 
US Residents

Place Trade generally verifies the names and addresses of its US-resident applicants electronically. If we are unable to verify your identity electronically, you will be asked to provide additional documents.

 
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Trust Applicants in the US

 

What You Need: Documents

 

In addition to the information that you will need to complete the application, you will be asked to provide the documents listed below.

 
Documentation Required for Trust Applicants

If you are applying for a trust account, you should submit:

 
Document Category Acceptable Documents (only one document per category is needed)
Proof of Trustee Certification
  • Trustee Certification Form;
Proof of Trustee Address (Irrevocable Trusts only)
  • Utility Bill (must be less than 1 year old);
  • Lease;
  • Mortgage Statement, Deed or other Evidence of Ownership of the Property;
  • Any of the documents listed above that is not submitted as proof of the person's existence.
Proof of the trust's U.S. taxpayer or other govt-issued identification number
  • U.S. or Other Government-issued Tax Form;
  • Financial Statement;
  • Other Government-Issued Document.
Proof of ID for Grantor/Settlor or Proof of Existence for Grantor/Settlor (Revocable Trusts only)
  • If an individual, a copy of the person's passport, driver's license, national identity card or alien identification card;
  • If an entity, the entity's articles of incorporation company charter, partnership agreement, govt-issued business license or govt-issued certificate of good standing.
Proof of Address for Grantor/Settlor (Revocable Trusts only)
  • Utility Bill (must be less than 1 year old);
  • Lease;
  • Mortgage Statement, Deed or other Evidence of Ownership of the Property;
  • Any of the documents listed above that is not submitted as proof of the person's existence.
Other Financial Institution Account Statement
The document must clearly state the name of the firm and be less than 12 months old.

This requirement applies only to organizations and trusts that have been formed in or are located in countries that are not full members of the Financial Action Task Force (FATF).

Note: If you submitted a bank or brokerage statement as proof of address, that will satisfy this requirement also (same statement can be used for both).
  • Bank Statement;
  • Broker Statement;
  • Mortgage Statement;
  • Loan Statement.
 

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Accounts for US residents

 

What You Need - Funding

 

You can fund your account in any of the following currencies, regardless of which base currency you select:

  • Australian Dollar
  • British Pound
  • Canadian Dollar
  • Chinese Offshore Renminbi
  • Czech Koruna
  • Danish Krone
  • Euro
  • Hong Kong Dollar
  • Hungarian Forint
  • Indian Rupee
  • Japanese Yen
  • Mexican Peso
  • Norwegian Krone
  • New Zealand Dollar
  • Polish Zloty
  • Russian Ruble
  • Singapore Dollar
  • Swedish Krona
  • Swiss Franc
  • United States Dollar

Please Note:

Not all of the currencies listed above can be used as your base currency. For a list of eligible base currencies, see the Configuring Your Account and specifically the Account Configuration: Base Currency page.

 

 

 

During the funding step in the account application, you will need to provide us with additional information, which varies depending on the funding method you choose.

 
Funding Method What You Need
Deposit Notifications: Notifications only and do not actually transfer money or positions. If you select one of these deposit methods, you are responsible for initiating the actual transfer of funds.
Wire Transfer
  • Amount of intended deposit;
  • Bank Name;
  • Bank Account Number (optional).
Bank ACH Transfer from Your Bank
  • Amount of intended deposit;
  • Bank Name.
Check
  • Amount of intended deposit;
  • Check Number;
  • Bank Routing Number;
  • Bank Account Number.
Online Bill Payment
  • Amount of intended deposit;
  • Bank Name.
Free of Payment (FOP)
  • Name of Third-Party Bank or Broker;
  • Third-Party Bank or Broker Account Number;
  • Symbol, Number of Shares, and Exchange (optional) of each Stock to transfer;
  • Symbol, Number of Shares, Strike (optional), Put/Call (optional), and Expiration Date (optional) of each Warrant to transfer;
  • CUSIP Number and Aggregate Face Value of each US Bond to transfer.
Instruct PT to contact your bank or broker to transfer funds and/or assets: If you select one of these methods, money and and/or positions are actually transferred.
Automatic Bank ACH Transfer
  • Bank Account Number;
  • Bank Account Type (Checking or Savings);
  • Bank's 9-digit routing number.
Automated Customer Account Transfer Service
  • Name of Third-Party Bank or Broker;
  • Third-Party Bank or Broker Account Number.

In addition, for partial ACATS transfers:

  • Symbol, Number of Shares, and Exchange (optional) of each Stock and/or US Mutual Fund to transfer;
  • Symbol, Number of Shares, Strike (optional), Put/Call (optional), and Expiration Date (optional) of each Warrant to transfer;
  • CUSIP Number and Aggregate Face Value of each US Bond to transfer;
  • Underlying Symbol, Number of Contracts, Position (long or short), Strike, Put or Call, and Expiration Date of each Option to transfer.
Account Transfer on Notification (ATON)
  • Name of Third-Party Bank or Broker;
  • Third-Party Bank or Broker Account Number.

In addition, for partial ATON transfers:

  • Symbol, Number of Shares, and Exchange (optional) of each Stock and/or Canadian Stock to transfer;
  • Symbol, Number of Shares, Strike (optional), Put/Call (optional), and Expiration Date (optional) of each Warrant to transfer;
  • Underlying Symbol, Number of Contracts, Position (long or short), Strike, Put or Call, and Expiration Date of each Option and/or Canadian Option to transfer.
US Futures Asset Transfer

From your Place Trade Account Application:

  • Place Trade Account ID;
  • User Name;
  • Account Title;
  • Address;
  • Social Security Number or Tax ID Number on Account;
  • Email Address.

From the account to be transferred to your Place Trade account:

  • Name of Brokerage Firm Currently Holding Your Account;
  • Address;
  • City/State/Zip;
  • Account Owner Name(s);
  • Account Number.

In addition, for partial transfers:

  • Description and quantity of each asset to be transferred.
European Asset Transfer

From your Place Trade Account Application:

  • Place Trade Account ID;
  • User Name;
  • Account Title;
  • Account Type;
  • Address;
  • Social Security Number or Tax ID Number on Account (US residents only).

From the account to be transferred to your Place Trade account:

  • Name of Bank/Brokerage Firm Currently Holding Your Account;
  • Address;
  • City/State/Zip;
  • Name of Contact Person at Bank/Broker;
  • Account Owner Name(s);
  • Account Number.

For partial transfers:

  • Symbol, Description, Quantity, and ISIN number of each asset to be transferred.
Asian Asset Transfer
  • Summary and country of origin/exchange of each asset to transfer.

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