|
Foreign Accounts
(Required for Non-US
residents) |
|
W8-BEN
Certificate of
Foreign Status |
|
Photocopy
of Passport or other Government issued ID. |
|
Proof of Address (Copy of a
Financial Statement from a Bank or
Brokerage account). |
|
|
|
Account Transfer |
|
ACAT Request
Form (Account
Transfer)
(Copy of last
Statement from
other firm
Required) |
| |
|
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. |
|
| |
|
Add
Futures
Trading |
|
Futures
Account Application
-
$5,000 minimum account
|
|
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 |
|
| |
|
Add
Forex
Trading |
|
Forex Account
Application -
$5,000 minimum 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.
|
|
| |
|
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.
Our
clearing firm, Penson Financial
Services, has purchased an
additional insurance policy through
a group of London Underwriters (with
Lloyds of London Syndicates as the
Lead Underwriter) to supplement SIPC
protection. This additional
insurance policy becomes available
to customers in the event that SIPC
limits are exhausted and provides
protection of securities and cash up
to an aggregate of $600 million.
This is provided to pay amounts in
addition to those returned in a SIPC
liquidation. This additional
insurance policy is limited to a
combined return to any customer from
a Trustee, SIPC and London
Underwriters of $150 million,
including cash of up to $2 million.
This additional insurance is through
a third party provider and is NOT
offered by the
Securities
Investor Protection Corporation (SIPC).
This additional insurance does not
protect against market depreciation,
fluctuation or trading losses.
|
| *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.
|
