Barron's 4.5 Stars 2014 Open an Account Button Contact Us Login Log In Log into

 

Institutions - Hedge Fund and Mutual Fund Managers

 

 

 

Hedge and Mutual Fund Application Steps Checklist

 


 

Please follow this checklist for a fast and easy experience opening a hedge fund or mutual fund account at Place Trade!

.

1. Complete the Investment Manager Electronic Application

Fully electronic (Use this for fastest processing):
You will be asked to establish a username and password at the beginning of the process so that all the information you enter will remain secure. While most customers will complete their application in a fully electronic fashion, we are sometimes required to receive paper documents which should be forwarded to the addresses listed under Contact Us/Document Submission Information on the PT website.

 

2. Fund Your Account

You are not required to fund your account prior to approval, however, if you'd like to do so, you will be presented with several options at the end of the registration process.

Send a check* (with your deposit instruction form, application or account number written on the check) or wire (call or visit your bank to initiate) as specified in your deposit instructions to PT. Electronic Funds Transfer (ACH), Broker-to-Broker Transfer (ACAT), and PT Internal Transfers will automatically transfer. If we do not receive your funds in 45 days from approval the account will be closed.

 

3. Application Review

We will review your application for approval once your entire application has been completed. Your application is complete once there are no outstanding application tasks within Finish Application, located in the Login drop-down list in the upper right corner of the PT homepage. Sometimes after you have completed the application we require additional steps. You will be notified by email and within Login/Complete Application if this is the case.

 

4. Application Review Results

You will be notified by email and within Login/Complete Application of the results of our application review. Fully completed applications will be processed within 48 business day hours under normal business conditions.

 

5. Submit an Application for Each Fund

Print out a paper application under Login/Account Management. You have two options:

  • You can complete the required information and send the form to the fund. They should designate someone as an authorized person to sign on behalf of the fund, and then send the application to PT Account Processing.
  • You can send the application to the fund. Their authorized person should complete and sign on behalf of the fund, and then send the application to PT Account Processing.

 

You may log into Account Management at any time to see the status of the fund's applications.

 

Our server for the informational site is currently down for maintance. We expect it to be back up shortly. All of our trading systems as well as Account Management are working normally!

 

You are welcome to Log into any of the trading platforms, Account Management or call us at 919-719-7200 or 919-931-2004 with any questions or concerns.

 

If you were in the middle of a new account application you may finish it via this link or use this link to open a new account.

 

Please click here to: 

Log into your account (Account Management)

Finish a new account application:

 

 

Well, that is embarrassing! We apologize for the error that brought you to this page.
Please try again by searching for the subject that you are looking for or simply give us a call at 919-719-7200 or 800-50-PLACE (800-507-5223) and we will help you find what you are looking for right away! 

 

How much will I receive in Social Security Benefits? (Based on my age/year of birth) 

Should I take my social security benefits early or wait to qualify for the maximum benefits? Can I take my spouse or ex-spouse's benefits early or should I wait?

 

What is Full (or Normal) Retirement Age?

According to the Social Security Administration "Full retirement age is the age at which a person may first become entitled to full or unreduced retirement benefits."

Regardless of what your full retirement age (also called "normal retirement age") is, you are allowed to start receiving benefits as early as age 62 or as late as age 70.

 

What Happens to Your Benefits if You Retire Early?

If you are healthy and can afford to wait then there is no need to rush! If you choose to retire you may begin drawing social security benefits at any time between age 62 and your full retirement age (which is based on the year that you were born).

If you are seriously considering tapping into your benefits early, it is important to note that you will not be entitled to the full amount that you may be expecting. In fact, your benefits will be reduced by a fraction of a percent for every month that you receive them prior to your full retirement age. Although that may not sound like much it can easily add up to a 20 - 35% reduction in monthly benefits and can make a significant difference in your long term financial well-being!

 
 


Compare Social Security Benefits Paid at Full Retirement versus Age 62 (By Year of Birth)

 

 

Year of Birth1 

 

When do I reach Full (Normal) Retirement Age? 

 

Months between age 62 & Full Retirement2

If You Start Your Benefits at Age 62 3

A $1000 FULL Retirement benefit would be reduced to

Your retirement benefit is reduced by4A $500 spouse's benefit would be reduced toSpouse's benefit is reduced by5
65
36
$800
20.00%
$375
25.00%
   1938
65 and 2 months
38
$791
20.83%
$370
25.83%
   1939
65 and 4 months
40
$783
21.67%
$366
26.67%
   1940
65 and 6 months
42
$775
22.50%
$362
27.50%
   1941
65 and 8 months
44
$766
23.33%
$358
28.33%
   1942
65 and 10 months
46
$758
24.17%
$354
29.17%
66
48
$750
25.00%
$350
30.00%
   1955
66 and 2 months
50
$741
25.83%
$345
30.83%
   1956
66 and 4 months
52
$733
26.67%
$341
31.67%
   1957
66 and 6 months
54
$725
27.50%
$337
32.50%
   1958
66 and 8 months
56
$716
28.33%
$333
33.33%
   1959
66 and 10 months
58
$708
29.17%
$329
34.17%
67
60
$700
30.00%
$325
35.00%

 

     
  View the chart above to see the difference between receiving a normal (Full Retirement Age) monthly benefit payment and the amount that you would receive if you started taking reduced benefits at age 62. The example is based on an estimated monthly benefit of $1000. You may also click on your birth year to visit the SSA website and find out how much your benefit will be reduced if you retire between age 62 and your specific full retirement age.   
     

 

  1. If you were born on January 1st, you should refer to the previous year. 
  2. If you were born on the 1st of the month, we figure your benefit (and your full retirement age) as if your birthday was in the previous month. If you were born on January 1st, we figure your benefit (and your full retirement age) as if your birthday was in December of the previous year.
  3. You must be at least 62 for the entire month to receive benefits.
  4. Percentages are approximate due to rounding.
  5. The maximum benefit for the spouse is 50% of the benefit the worker would receive at full retirement age. The % reduction for the spouse should be applied after the automatic 50% reduction. Percentages are approximate due to rounding.
 

 

Please Note: If you qualify for benefits as a Survivor, your full retirement age may be calculated differently.

 

 

 

 
 

 

Source: Social Security Administration

 

Place Trade Financial, Inc. TWS Installation Instructions

This instruction walks you through the standard installation procedure for installing TWS, and shows you the pop-up windows that you will encounter and need to take action on in each step throughout the process. The instructions are specific to the browser and operating system you are using.



When you click the “Download” button you will see the below:




In the bottom left corner of your browser find and click the tws…exe download button.




If you see the Security Warning box, click the “Run” button to confirm that you want to install TWS.




Click the “Next” button on the Setup Wizard to install TWS.




Uncheck the “Run Trader Workstation” checkbox and click the “Finish” button. A TWS icon is installed on your desktop.




Find the TWS icon on your desktop and double-click to launch the Login box.




Enter your username and password then click the “Login” button to log into TWS.

Place Trade Financial, Inc. TWS Installation Instructions

This instruction walks you through the standard installation procedure for installing TWS, and shows you the pop-up windows that you will encounter and need to take action on in each step throughout the process. The instructions are specific to the browser and operating system you are using.



When you click the “Download” button you will see the below:




In the bottom left corner of your browser find and click the tws…exe download button.




Click your Downloads folder to see the list of available files, and double-click the tws.dmg file to open it.
If the Downloads folder is not in your dock, you may locate it under Macintosh HD > Users > yourusername > Downloads






Double-click the Trader Workstation icon to initiate installation.




Click “Open” to confirm and start the installation.
A proprietary Java Runtime Environment is included with this package and may take a minute to install – please wait!
The Setup Wizard will display when the installation is complete.



Click the "Next" button on the Setup Wizard to install TWS.




Uncheck the "Run Trader Workstation" box and click the "Finish" button. A TWS icon is installed on your desktop.




Find the TWS icon on your desktop and cilck to launch the Login box. You can also launch the TWS software from the Trader Workstation folder located under Macintosh HD > Users > yourusername > Applications > Trader Workstation.




Enter your username and password then click the "Login" button to log into TWS.

Place Trade Financial, Inc. TWS Installation Instructions

This instruction walks you through the standard installation procedure for installing TWS, and provides the command line entries you will need. You can copy and paste the text to make it easier for you to install.



Click the Download button and save the TWS installation file to a desired location. The remaining instructions assume that you have saved the file to the default Downloads folder. If you have saved it to a different location, replace “Downloads” in the instructions with the appropriate directory/folder.



Open Terminal (Ctrl+Alt+T on most distributions) and navigate to the directory where the installer was downloaded:

Copy: cd ~/Downloads



Make the installer executable by using: chmod u+x before the filename:

Copy: chmod u+x tws-latest-linux-x64.sh



Run the installer to start the wizard by typing “./” before the file name:

Copy: ./tws-latest-linux-x64.sh



TWS Install for Linux Screen

Click the “Next” button on the Setup Wizard to extract files.



TWS Install for Linux Screen


TWS Install for Linux Screen

Uncheck the “Run Trader Workstation” checkbox and click the “Finish” button. A TWS icon is installed on your desktop.



TWS Install for Linux Screen

Find the TWS icon on your desktop and double-click to launch the Login box.



TWS Install for Linux Screen

Enter your username and password then click the “Login” button to log into TWS.

Place Trade Financial, Inc. TWS Installation Instructions

This instruction walks you through the standard installation procedure for installing TWS, and provides the command line entries you will need. You can copy and paste the text to make it easier for you to install.



Click the Download button and save the TWS installation file to a desired location. The remaining instructions assume that you have saved the file to the default Downloads folder. If you have saved it to a different location, replace “Downloads” in the instructions with the appropriate directory/folder.



Open Terminal (Ctrl+Alt+T on most distributions) and navigate to the directory where the installer was downloaded:

Copy: cd ~/Downloads



Make the installer executable by using: chmod u+x before the filename:

Copy: chmod u+x tws-latest-linux-x86.sh



Run the installer to start the wizard by typing “./” before the file name:

Copy: ./tws-latest-linux-x86.sh



TWS Install for Linux Screen

Click the “Next” button on the Setup Wizard to extract files.



TWS Install for Linux Screen


TWS Install for Linux Screen

Uncheck the “Run Trader Workstation” checkbox and click the “Finish” button. A TWS icon is installed on your desktop.



TWS Install for Linux Screen

Find the TWS icon on your desktop and double-click to launch the Login box.



TWS Install for Linux Screen

Enter your username and password then click the “Login” button to log into TWS.

Place Trade Financial, Inc. TWS Installation Instructions

This instruction walks you through the standard installation procedure for installing TWS, and shows you the pop-up windows that you will encounter and need to take action on in each step throughout the process. The instructions are specific to the browser and operating system you are using.



When you click the “Download” button you will see the below:




In the bottom left corner of your browser find and click the tws…exe download button.




If you see the Security Warning box, click the “Run” button to confirm that you want to install TWS.




Click the “Next” button on the Setup Wizard to install TWS.




Uncheck the “Run Trader Workstation” checkbox and click the “Finish” button. A TWS icon is installed on your desktop.




Find the TWS icon on your desktop and double-click to launch the Login box.




Enter your username and password then click the “Login” button to log into TWS.

 

Place Trade Financial Strength & Security

 

 Account Protection Login Protection Privacy  
 Secure Login  Your Account  Best Practices    

 

 
 

 

Secure Login System

Although it requires an extra step when logging into an account, the simple practice of entering a randomly generated security code along with a user name and password goes a very long way toward protecting your account and consequently its assets. Our commitment to providing this protection begins with our Secure Login System, a program through which customers are offered, at no charge,1 the physical or the Smartphone Application that generates this code.

Using this second-level security adds an important extra layer of security to your account. Consider this: if an internet hacker or identity thief should somehow manage to obtain your username and password, they WILL NOT be able to access your account without physical possession of your mobile or security device plus your entry PIN.

While participation in the program is optional, we STRONGLY encourage you to participate and recommend that you weigh the benefits of the program versus the "nuisance" or extra step involved with operating the feature (it is quite easy to use and well worth the few extra seconds that it takes to type in the security code:

  • The security device provides a virtually impenetrable layer of physical security to your PT account.
  • Participation in the program results in higher daily and weekly withdrawal limits.
  • If you have multiple accounts, you don't need multiple devices. You can share a security device among multiple usernames registered to the same individual. (Same first party and tax ID)

 

How to Request a Security Device

  • New Customers - New customers have the option to register for a security device during the application process. You will receive the appropriate device based on the amount with which you fund your account.
  • Existing Customers - Request a device from the Request Security Device page in Account Management (select Manage Account > Security > Secure Login System > Security Device from the Account Management menu). Please follow the instructions on the page to indicate that you would like to participate in the Secure Login System program.

How to Request a Security Device?

Log into Account Management.

Select Manage Account (from the Main Menu)

> Security

> Secure Login System

> Security Device

> Follow the instructions on the page to indicate that you would like to participate in the Secure Login System program. 

Detailed instructions are available here: How to Request a Security Device

  • If you choose to use Handy Key, you will need to validate your phone number. From the Manage Account menu select Security and then Secure Login System followed by Smartphone Authentication. Follow the on-screen instructions to confirm your phone number. Detailed instructions are available here: Download HandyKey (Two-factor security app) Please be sure to click on the Handy Key tab for instructions, as both the Handy Trader online trading (mobile app) and the Handy Key security app are available on this page!  

 

Physical Security Devices

Securely log into any of Place Trade's award winning applications, including TraderWorkstation (TWS), WebTrader, Handy Trader, Tablet Trader or Account Management using PT's Security Code Card/devices!Click one of the following links to learn more about using your PT security device:

  • Security Code Cards - Offered to accounts with balances op to 500,000 USD. This is a credit card-like device with 224 alpha-numeric codes.
  • Digital Security Card+ - Offered to accounts with a balance greater than 500,000 USD. This is an enhanced version of the Digital Security Card, which adds an extra layer of security through the use of a challenge code and a higher count of possible code permutations. 

 

Smartphone Authentication

  • Handy Key - Offered to accounts with a balance up to 1,000,000 USD. This is an Android or iPhone application that requires PIN code or fingerprint to operate. Simplified two-factor authentication for your Place Trade account that you access via an app downloaded to your Android or iOS mobile device. For customers who currently use a security code card, Handy Key replaces your card. 

 

When Will I Receive My Device?

Devices are shipped daily and the projected delivery time ranges from several business days to several weeks depending upon the shipping address and the local delivery options. Handy Key is downloaded from the App Store or Google Play. 

Alternatively, you can download, install and use Handy Key. Detailed instructions to download both Handy Key and our mobile trading app are available here: Download HandyKey (Two-factor security app)

 


Activation

Once you have received your security device, please log into Account Management and select the activation link (Activate Security Device or Security Code Card Activation) from the Manage Account> Security > Secure Login System menu option. Follow the instructions to supply information necessary to activate your device.

The users who have chosen to use Handy Key will need to install the application from the respective mobile application store. This article will walk you through the application process: Download HandyKey (Two-factor security app) 

Once activated, each time you log in to Account Management, TWS, WebTrader or mobileTWS, you will be required to enter the two authentication factors – your user name and password combination and the security code generated by your device. When you successfully log in, your account will be secured with full perimeter coverage, protecting both cash and positions from unauthorized access.


Withdrawal Limits

Daily and weekly withdrawal restrictions are placed upon accounts which do not participate in the program while participants are afforded enhanced withdrawal capabilities. The amount which a participating customer may withdraw or transfer over a given one- or five-day period increases commensurate with the protective value of the device and is outlined in the table below.

 

Maximum Withdrawal Limits for PT Clients


       
 

Security Device

Per Day

Within 5 Business Days

  None USD 50K USD 100K
  Security Code USD 200K USD 600K
  Handy Key USD 200K USD 600K
  Digital Security Card   USD 1M USD 1.5M 
  Alpine Device*  USD 500K  USD 1.5M
  Digital Security Card+  Unlimited Unlimited
  Platinum*/Gold* Unlimited Unlimited
       
 

 Please Note:

* Represents a legacy device no longer being issued and in the process of being replaced with a version of the Digital Security Card. See KB975 for details.

[1] Please note that while PT does not impose a fee to use a device, a replacement fee is associated with certain devices if lost, damaged or otherwise not returned should the account be closed.

 

Subcategories

s5box


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

 

 

 

Products & Services

All the Tools You Need


We offer all the Products and Services you need to build your portfolio and take charge of your investments.

Did you leave your old 401(k) behind?

Our retirement specialists will
make it easy for you to rollover your 401(k) retirement account.

Call 1-800-50-PLACE today!

Go Mobile!

Flexibility to trade and invest on the go. Download our Place Trader Workstation Handy Trader app today!

Stock yield enhancement

Earn money lending your shares

Superior Technology


·  
Advanced Trading Tools

      ·   Multiple trading platforms

      ·   Mobile Trading App

   

Trade World-Wide

    ·  Access 100+market centers
    ·  In 19 Countries
    ·  Choose your Currency & Language

 English • Česky • 日本 • 体中文 

 繁體文 •Deutsch • Español • Français 

 Italiano • Nederlands •Pyсский • Slovenčina