Trading Direct

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Here you will find all the necessary forms  to open a new account, or service an existing account. Menu at right redirects to specific category.

  • Adobe Acrobat Reader required to access PDF forms.
  • Questions? Need a form mailed or faxed? Please contact us.
  • Fax completed forms to 212-619-1593 (if busy 212-202-4655), or
  • Mail completed documents to:
    TRADING DIRECT
    160 BROADWAY
    EAST BLDG FL 7
    NEW YORK NY 10038
  • Upon receipt of New Account Opening forms, applicants will be contacted by Customer Service with instructions on how to access the account online (if so desired).

Standard New Account Applications (Individual, Joint, Custodial)

Individual Account

Mandatory Documentation: Please print and submit the following to Trading Direct.

  1. New Account application for individual account
  2. - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Optional Forms: Submit only if interested in any of the other account attributes/features below.

  1. Account Transfer Form
  2. ACH Electronic Funds Transfer Agreement
  3. Margin Agreement & Disclosure Statement
  4.      Credit Advance Margin Brochure
  5. Options Trading Agreement
  6. Corestone Banking Features Upgrade Check writing, debit card, online bill pay.
    See additional information about this attribute in the Corestone section below.
Joint Account

Mandatory Documentation: Please print and submit the following to Trading Direct.

  1. New Account Agreement for a joint account
  2. - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Optional Forms: Submit only if interested in any of the other account attributes/features below.

  1. Account Transfer Form
  2. ACH Electronic Funds Transfer Agreement
  3. Margin Agreement & Disclosure Statement
  4.      Credit Advance Margin Brochure
  5. Options Trading Agreement
  6. Corestone Banking Features Upgrade Check writing, debit card, online bill pay.
    See additional information about this attribute in the Corestone section below.
Custodial Account-UTMA/UGMA (for a minor)

Mandatory Documentation: Please print and submit the following to Trading Direct.

  1. New Account Agreement for a custodial account
  2. - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Optional Forms: Submit only if interested in any of the other account attributes/features below.

  1. Account Transfer Form
  2. ACH Electronic Funds Transfer Agreement
  3. Options Trading Agreement

Specialized New Account Applications (Corp, Partner, LLC, TOD, Trust)

Corporate Account

Mandatory Documentation: Please print and submit the following to Trading Direct.

  1. Corporate Resolution
  2. New Account Application
  3. Authorized Member/Partner form (if more than 2 members)
  4. Photocopy of articles of incorporation executed by state office responsible for registering corporation.
  5. Photocopy of IRS letter confirming issuance of the corporation's tax id number (Letter approving form SS-4 application).
  6. - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Optional Forms: Submit only if interested in any of the other account attributes/features below.

  1. Account Transfer Form
  2. ACH Electronic Funds Transfer Agreement
  3. Margin Agreement & Disclosure Statement
  4.      Credit Advance Margin Brochure
  5. Options Trading Agreement
  6. Corestone Banking Features Upgrade Check writing, debit card, online bill pay.
    See additional information about this attribute in the Corestone section below.

  7. Note: International corporate accounts are not accepted. US only.
Investment Club

Mandatory Documentation: Please print and submit the following to Trading Direct.

  1. Investment Club Account Application
  2. New Account Application
  3. Member Information Form
  4. • Photocopy of your Investment Club Agreement. (This document shows the details of your establishment, bylaws, ownership structure, etc).
  5. • Photocopy of IRS letter confirming issuance of the entity's tax id number. Letter issued by IRS after approving "Form SS-4" application for new tax id number.
    - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Optional Forms: Submit only if interested in any of the other account attributes/features below.

  1. Account Transfer Form
  2. ACH Electronic Funds Transfer Agreement
  3. Margin Agreement & Disclosure Statement
  4.      Credit Advance Margin Brochure
  5. Options Trading Agreement
  6. Corestone Banking Features Upgrade Check writing, debit card, online bill pay.
    See additional information about this attribute in the Corestone section below.
Partnership

Mandatory Documentation: Please print and submit the following to Trading Direct.

  1. Partnership Account Application
  2. New Account Application
  3. Authorized Member / Partner form(if more than 2 members)
  4. Photocopy of your Partnership Agreement. (This document shows the details of your establishment, bylaws, ownership structure, etc).
  5. Photocopy of IRS letter confirming issuance of the entity's tax id number. Letter issued by IRS after approving "Form SS-4" application for new tax id number.
    - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Optional Forms: Submit only if interested in any of the other account attributes/features below.

  1. Account Transfer Form
  2. ACH Electronic Funds Transfer Agreement
  3. Margin Agreement & Disclosure Statement
  4.      Credit Advance Margin Brochure
  5. Options Trading Agreement
  6. Corestone Banking Features Upgrade Check writing, debit card, online bill pay.
    See additional information about this attribute in the Corestone section below.
Limited Liability Company (LLC) Account

Mandatory Documentation: Please print and submit the following to Trading Direct.

Please print and mail the following forms to Trading Direct...

  1. LLC Resolution Certification
  2. New Account Application
  3. Photocopy of LLC Articles of Organization.
  4. • Photocopy of IRS letter confirming issuance of the LLC's tax id number. Letter issued by IRS after approving "Form SS-4" application for new tax id number.
  5. Authorized Member / Partner form

  6. IRS W-9 form
  7. - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Optional Forms: Submit only if interested in any of the other account attributes/features below.

  1. Account Transfer Form Transfer an entire account or individual securities.
  2. Account Transfer Form
  3. ACH Electronic Funds Transfer Agreement
  4. Margin Agreement & Disclosure Statement
  5.      Credit Advance Margin Brochure
  6. Options Trading Agreement
  7. Corestone Banking Features Upgrade Check writing, debit card, online bill pay.
    See additional information about this attribute in the Corestone section below.
Sole Proprietorship

Mandatory Documentation: Please print and submit the following to Trading Direct.

Optional Forms: Submit only if interested in any of the other account attributes/features below.

  1. Account Transfer Form Transfer an entire account or individual securities.
  2. Account Transfer Form
  3. ACH Electronic Funds Transfer Agreement
  4. Margin Agreement & Disclosure Statement
  5.      Credit Advance Margin Brochure
  6. Options Trading Agreement
  7. Corestone Banking Features Upgrade Check writing, debit card, online bill pay.
    See additional information about this attribute in the Corestone section below.
Transfer On Death (TOD)

Select TOD for an individual account or TOD for a joint account...

Trust Account

Mandatory Documentation: Please print and submit the following to Trading Direct.

  1. Trustee Certificate of Investment Powers
  2. • A photocopy of your trust agreement.
  3. Photocopy of IRS letter confirming issuance of the trust's tax id number. (Submit only if Trust uses a separate tax id number instead of your social security number).
  4. New Account Application

  5. Authorized Member/Trustee form (if more than 2 trustees)
  6. - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Optional Forms: Submit only if interested in any of the other account attributes/features below.

  1. Account Transfer Form
  2. ACH Electronic Funds Transfer Agreement
  3. Margin Agreement & Disclosure Statement
  4.      Credit Advance Margin Brochure
  5. Options Trading Agreement
  6. Corestone Banking Features Upgrade Check writing, debit card, online bill pay.
    See additional information about this attribute in the Corestone section below.

Taxable Account Conversions/Modifications/Distributions/Dissolutions

This section is for anyone subject to any of the following scenerios: Custodial (for a minor) to Individual Conversion, Estate Account Opening, Joint to Individual Conversion, Transfer on Death Distribution, Trust Account Modification/Dissolution/etc.

Custodial (UGMA/UTMA) to Individual Conversion

For account owners that have reached 18 years of age, complete & mail the below forms in order to change account registration from custodial to individual.

Mandatory forms:

  1. • A letter of resignation from the custodian
  2. • A photocopy of birth certificate, or driver's license or other government issued id
  3. New Account Application

  4. - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Optional Forms: Submit only if interested in any of the other account attributes/features below.

  1. Account Transfer Form
  2. ACH Electronic Funds Transfer Agreement
  3. Margin Agreement & Disclosure Statement
  4.      Credit Advance Margin Brochure
  5. Options Trading Agreement
  6. Corestone Banking Features Upgrade Check writing, debit card, online bill pay.
    See additional information about this attribute in the Corestone section below.
Estate Account (Individual)

Scenerio: An individual account owner has passed away. The estate's executor/estate administrator will need to submit the forms & follow instructions below. This will open an estate account and transfer the assets to it.

Mandatory Documentation: Please print and submit the following to Trading Direct.

  1. Affidavit of Domicile
  2. • Court Appointment/Letters Testamentary, dated within 60 days of issuance. (photocopy will suffice)
  3. • Death Certificate (photocopy will suffice)
  4. Executor Information Form (If applicable). Industry regulations requirement.
  5. • Photocopy of the letter from the IRS or Social Security Administration, confirming issuance of the estate's tax id number.
  6. Asset Movement Authorization form (non-IRA).
  7. W-9 form
  8. New Account Application
    Account will be titled as...
    Estate of John Doe
    Jane Doe Executor/trix
  9. - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Optional Forms: Submit only if interested in any of the other account attributes/features below.

  1. Account Transfer Form
  2. ACH Electronic Funds Transfer Agreement
  3. Margin Agreement & Disclosure Statement
  4.      Credit Advance Margin Brochure
  5. Options Trading Agreement
  6. Corestone Banking Features Upgrade Check writing, debit card, online bill pay.
    See additional information about this attribute in the Corestone section below.
Joint to Individual Conversion

Scenerio A: Joint Owner passes away: If the joint owner of a joint account has passed away, the surviving primary owner will need to submit the below documents. This will change the account title/designation from that of Joint to Individual. (The account number will remain the same).

Mandatory Documentation: Please print and submit the following to Trading Direct.

  1. Individual New Account Application
  2. • Signed letter, stating to the effect, that the joint (secondary) owner has passed away, and the account is to be converted from Joint to Individual status.
  3. • Death Certificate (a photocopy will suffice)
    -------------------------------------

Scenerio B: Primary Owner passes away: If the primary owner of a joint account has passed away, the surviving joint owner will need to submit the below documents. This will open a new individual account, with assets then being transferred from the joint to the new individual account.

Mandatory Documentation: Please print and submit the following to Trading Direct.

  1. Individual New Account Application
  2. Asset Movement Authorization Form
  3. • Death Certificate (a photocopy will suffice)

Optional Forms: Submit only if interested in any of the other account attributes/features below.

  1. Account Transfer Form
  2. ACH Electronic Funds Transfer Agreement
  3. Margin Agreement & Disclosure Statement
  4.      Credit Advance Margin Brochure
  5. Options Trading Agreement
  6. Corestone Banking Features Upgrade Check writing, debit card, online bill pay.
    See additional information about this attribute in the Corestone section below.
Transfer On Death (TOD) Distribution Procedure by Beneficiary(s)

Mandatory Documentation: Please print and submit the following to Trading Direct.

  1. Asset Transfer Authoriztion Form
  2. • Photocopy of the death certificate.
  3. New Account Application
  4. - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Optional Forms:

  1. Margin Agreement & Disclosure Statement
  2. Options Trading Agreement
Trust Account Modification, Dissolution, Etc.

In order to update an account title, trustee, or beneficiary information, please submit the following forms:


If the social security number has changed, please submit the following form:

If the trust now has a new tax id number for an entity, please submit the following:


For any other scenerio, please Contact Us.

Additional Entitlements (Margin, Options, Fully Paid Lending)

Corestone Account Upgrade (add check writing, debit card, bill pay)

(Forms in this section may be faxed to 212-619-1593).

International Account

Please refer to the International Investors page for additional details.

New IRA Applications (Traditional, Rollover, Roth, Inherited, Education)

Traditional or Rollover IRA

Mandatory Forms:

Optional Forms:

For Reference:

  • IRA Plan Document
  • Traditional IRA eligibility: In general, as of 2014, you can establish and make contributions to an IRA if you received taxable compensation during the year and have not yet reached the age of 70 1/2 by the end of the year. Generally, contributions may be made up to the lesser of 100% of compensation or $5,500 ($6,500 for individuals over the age of 50) in 2014. If you maintain multiple IRA accounts, the maximum contribution to all of the accounts can not exceed these totals. An IRA for any year may be opened and funded at anytime before the due date for filing your tax return, not including any extensions.
    Read IRS Publication 590-A, chapter 1, for current information.
  • Rollover IRA eligibility: In general, if you received an eligible rollover distribution from your IRA, employer's qualified pension, profit sharing or stock bonus plan, annuity plan, or tax sheltered annuity plan (403(b) plan), you can roll over all or part of it into an IRA. Rollover contributions must be made by the 60th day after the day you receive a distribution from your IRA or employer's plan in order to continue their tax-deferred status.
Roth IRA
  • Optional Forms:
  • Options Agreement (covered call options)
  • Account Transfer Form


  • For Reference:
  • Roth IRA Plan Document
  • Roth IRA eligibility: For eligibility rules and contribution limits, see IRS Publication 590-A, chapter 2.
  • Traditional IRA vs. Roth IRA comparison: Unlike contributions to a Traditional IRA, contributions to a Roth IRA are not deductible. Generally, distributions from a Roth IRA are tax-free if held for at least five years and used for a qualified purpose such as reaching age 59, disability, first home purchase, or death.
    Contributions may be made after age 70. No required minimum distribution rules apply. Traditional IRAs may be converted to Roth IRAs provided the taxpayers adjusted gross income is under the limit.
Inherited IRA

Instructions:

In order for a beneficiary (Inheritor) to receive/liquidate assets from the deceased's IRA, the Inheritor needs to follow these steps (which can be taken by mailing in all forms at once):

In order to open an Inherited IRA account, submit the followings forms:
After assets have been transfered from Deceased's IRA to Inherited IRA, a final distribution may be taken from the Inherited IRA, by completing the IRA Distribution Form.

For Reference, read:
Education Savings Account

Service Existing IRA

* This particular form may be faxed to (212) 619-1593.

BEFORE SUBMITTING THESE FORMS, CONSIDER CONSULTING A TAX ADVISOR TO DETERMINE WHETHER THIS IRA TYPE WILL ACCOMPLISH YOUR GOALS.

Transfer an Account/Securities/Cash

* This particular form may be faxed to (212)619-1593.

Other Documents and Forms