Whether you are new to Place Trade or have been here for years we make funding your account easy! Choose the way that is easiest for you and feel free to call us at 1-800-50-PLACE or 1-800-507-5223 if you need assistance.
You may fund your new account online when filling out the new account application or contact us for other options. You may also roll over your existing account (that is currently held at another firm) to fund your new account at Place Trade. It is super easy to do and we are happy to help you if you need us!
New Account Minimums:
Qualified Accounts (Example; Traditional IRA, Roth IRA or other Retirement Accounts): $3,000 Minimum Equity
All Other Accounts (Example; Individual, Joint, Corporate [NON-Retirement Accounts]: $5,000 Minimum Equity
Minimum Equity may be satisfied with the rollover or deposit of assets held in an account that is transferred to Place Trade or by check or wire transfer of cash to your new account. Clients are encouraged but not required to maintain these levels on existing accounts. (This may change without notice.)
Important Notice Regarding Physical Stock Certificates: Place Trade no longer accepts physical stock certificates (per our clearing firm). All securities must be transferred electronically from your current firm or via the transfer agent issuing the certificate.
Please Note: The information below is for existing accounts prior to transfer to our new clearing firm. This information will be removed after the transition is complete. Please do not use this information to fund new accounts.
Place Trade Accounts may be funded by wire transfer, check, stock certificate or account transfer. Money orders and third party checks are not accepted. Funds must accompany your account application.
Account processing will occur within one (1) business day after receipt. Once your account has been approved, cleared funds are required to begin trading. All checks including certified and cashier's checks require a minimum of 5 business days before becoming available for investing. For options trading, a minimum of 7 business days is required.
With the exception of the minimum investment to open an account, Place Trade Financial does not require a minimum balance to be maintained and does not charge maintenance fees for inactive accounts.
Domestic Accounts
Place Trade Financial requires a minimum investment of $5,000 for non-retirement, Joint, Trust, Corporate and Partnership brokerage accounts. IRA accounts require a $3,000 minimum investment.
International Accounts
Place Trade Financial requires a low minimum to open an International account. Open an account with a minimum of $5,000 equity in any combination of US dollars and/or US exchange traded securities.
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Mail all account applications, forms, checks and correspondence to Place Trade Financial: Place Trade Financial |
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To endorse stock certificates over to Place Trade Financial:
If you have any questions regarding stock certificates, please call customer service at 1-800-50-PLACE. |