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Foreign Accounts
(Required for Non-US
residents) |
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W8-BEN
Certificate of
Foreign Status |
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Photocopy
of Passport or other Government issued ID. |
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Proof of Address (Copy of a
Financial Statement from a Bank or
Brokerage account). |
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Account Transfer |
|
ACAT Request
Form (Account
Transfer)
(Copy of last
Statement from
other firm
Required) |
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Add Options
Trading |
|
Option Agreement |
|
Do
you wish
to trade
options
using
this
account? |
|
Required: Options
involve
specific
risks
and
complexities,
and are
not
suitable
for all
investors.
Prior to
buying
or
selling
an
option,
a person
must
receive
a copy
of
Characteristics
and
Risks of
Standardized
Options.
Uncovered options carry
special risks and uncovered
option writers must also
read the
Statement for Uncovered
Option Writers.
Copies of this document are
available from our firm by
calling 1(800)874-3039. You
may also request a copy of
the printed booklet
delivered by U.S. postal
mail. |
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Add
Futures
Trading |
|
Futures
Account Application |
|
Do
you wish
to trade
Futures
using
this
account? |
|
Futures
involve
specific
risks
and
complexities,
and are
not
suitable
for all
investors.
Please
read about futures trading
risks:
Disclaimer |
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Add
Forex
Trading |
Individual Account
Corporate Account
|
|
Do
you wish
to trade
Forex
using
this
account? |
|
Forex trading involves substantial risk of loss and is not suitable for all investors. Read full disclosure.
|
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|
Account
Protection /
Insurance |
|
Member of
SIPC, which protects securities
customers of its members up to
$500,000 (including $100,000 for
claims for cash). Explanatory
brochure available upon request or
at
www.sipc.org.
Penson Financial Services provides
additional insurance from a third
party insurer to protect client
accounts up to their net equity for
loss of securities and cash held at
Penson Financial Services, up to an
overall firm aggregate of $200
million over all customer accounts,
subject to a maximum limit of
$900,000 per account, in respect to
cash. This additional insurance protection
is in addition to the protection
provided by
SIPC and is subject to certain
conditions and limitations, details
of which are available upon request.
This coverage does not protect
against market depreciation,
fluctuation or trading
loss.
|
| *Note: According
to
FINRA & SEC
rules, pattern
day traders must
maintain a
$25,000 equity
balance to
remain on margin
and receive 4 to
1 day trading
buying power.
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