New Account Questions

Opening an Account

Use our online account form, and we'll start processing your account (individual and joint domestic accounts for US and NON US citizens and resident aliens) right away. **Get Started, Today. ** Click Here to Start Account Application (https://optionsroute.com/new-account) **What you will need:** In order to complete this application, you'll need the following information on hand: * Social security number or Tax Identification Number * Valid photo ID: driver’s license, passport...

Available Account Types

Cash, Margin, and IRA Accounts are available. Click Here for Account Types (https://optionsroute.com/account-types) **Individual** A personal investment account registered under one person's name only. Forms needed: Account Application Ready to Get Started? Click Here to Apply for a New Account. (https://optionsroute.com/new-account) **Joint Tenants with Rights of Survivorship** This is a joint account in which, in the event of death of one of the tenants, the ownership of the en...

Setting up IRA Accounts

Establish, Rollover, or Transfer an IRA Account to OptionsRoute Account types including Traditional, Roth, Rollover, and Educational IRAS. Getting started is easy. Fill out the standard new account application online. After you submit your application, you will be emailed a link to the designated beneficiary form. Complete the designated beneficiary form and email it back to us. Your IRA Brokerage account will then be established and an account #number issued. Traditional IRA A Traditional...

Limited Margin IRA Accounts

What is IRA Limited Margin? IRA Limited Margin (ILM) allows you to trade in margin without triggering trading restrictions, such as good faith violations, typically received in a cash account. ILM does not allow for borrowing against existing holdings, account leveraging, creating cash or margin debits, short selling of securities, or selling naked options. It allows for day trading of stocks and limited options (supplemental limited margin and option agreement required) in the IRA. Type o...

How do I transfer an account to OptionsRoute?

Account Transfer Form (ACAT) An Account Transfer Form (ACAT Form) is typically used to transfer an entire account (including cash and securities) from another broker to your new OptionsRoute Brokerage Account. You may also use an Account Transfer Form to initiate PARTIAL transfers of Cash and/or Securities. Please sign and complete the Account Transfer Form below and return it to us along with your New Account Paperwork. Make sure to include a copy of your most recent monthly statement from ...

Account Opening Minimums

What are OptionsRoute account opening minimums? Traditional Online Investing: $500 Active Trading Account: $30,000 Visit OptionsRoute (https://optionsroute.com) Call Us Toll Free 1-800-985-9279

Funding Your OptionsRoute Account

Funding By Wire All wired funds are to be sent as follows: BMO Harris Bank 111 W Monroe St Chicago, IL 60603 ABA: 071000288F SWIFT: HATRUS44 FFC:: APEX Clearing Corp - 350 N. St. Paul Street Suite 1300 Dallas, TX 75201 Acct# 3713286 FFC: Customer Name and Account Number (Wires Require Your Brokerage Account # or they will be returned) * Typically the fastest method of funding your account. Wire transfers are usually received the same day that they are sent by your financial institutio...

ACH Funding Instructions

ACH Funding Instructions You can electronically transfer funds to and from your checking account to your OptionsRoute account. ACH transfers typically take 24-48 hours to process and are available for no charge. There is a limit of $50,000 per day for all ACH transfers. * Funding must be initiated from an account with the same name as your OptionsRoute Brokerage Account. No third party transfers. Initial ACH Setup Instructions Setting up your first ACH requires you to complete an initial ...

Incoming Wire Instructions

Funding By Wire You may wire funds to your OptionsRoute account once your account has been approved and you have received your OptionsRoute Brokerage Account Login. All incoming wire transfers must be first party (third-party wires are not accepted) and include your name and OptionsRoute Brokerage Account number (if missing, wire will be rejected) All wired funds are to be sent as follows: BMO Harris Bank 111 W Monroe St Chicago, IL 60603 ABA: 071000288F SWIFT: HATRUS44 FFC:: APEX Cle...

Day Trading Margin Rules

**Margin Equity Requirements - Day trade Margin Account** All accounts, classified as day trade margin accounts, must have a minimum equity of $25,000 each day to affect day trades. If account falls below the minimum equity level, a minimum equity call will be issued and is due the same business day. While the minimum equity call is outstanding, the account will be restricted to liquidating transactions only. A client may appreciate out of a minimum equity call. Ready to Get Started? Click He...