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Toll Free 800.821.4968
Fax 312.663.3058
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| What is the difference between PTI Securities and PTI ProDirect? | ||||||||||
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PTI Securities is
a full service brokerage firm, cleared through Mesirow Financial Inc.
PTI Securities has a separate account application
from PTI ProDirect and is
geared towards beginning to intermediate traders
who anticipate needing the assistance of PTI's brokers by phone on a
regular basis or who prefer to take counsel with our brokers about stock
positions, market climate, etc. The website you are currently viewing
is PTI Securities. |
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| PTI Securities also offers money management for accounts over $75k by way of the strategically successful Protected Index Program®, whereas PTI ProDirect does not offer money management. |
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| PTI ProDirect is a separate online trading system, cleared through Interactive Brokers LLC. PTI ProDirect has a separate account application from PTI Securities and is geared towards self-directed intermediate to expert traders who are comfortable trading independently, with minimal help and no counsel from brokers, however at lower rates. For complete information, visit PTI ProDirect's website at www.PTIProDirect.com. |
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| How do I complete an application for a new account? | ||||||||||
| Select
the "Accounts" link at the top of this page to choose which
type of PTI Securities account to open (or click
here). You will be asked if you have read the "Characteristics
and Risks of Standardized Options" disclosure document and will
then be directed to fill out a preliminary information form and submit
it. You will then be directed to the Account Forms page where
you may select the type of account you wish to open from the drop-down
menu, then download and print the forms, which are in PDF file format.
If you have problems downloading / printing these forms, call PTI toll
free at 800.821.4968 to request an account pack via
U.S. mail. Once
you fill out the application, mail the originally
signed application to: |
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| PTI
Securities & Futures L.P |
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Attn:
New Accounts |
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411
S. Wells Street, Suite 900 |
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| Chicago,
IL 60607-3905 |
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NOTE:
PTI ProDirect's application is completely
separate from the PTI Securities application, as these two platforms
are independent of each other. PTI ProDirect's online application can
be found at www.PTIProDirect.com. |
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Contact
Larry Kelch at 800.821.4968
or fax your forms to 312.663.3058 - Attn: Larry
for an initial review - please include your immediate contact information
on a fax cover. |
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| I use Windows XP and can't view your account applications (PDFs) | ||||||||||
| See our Troubleshooting page for assistance. | ||||||||||
| How do I transfer an account to PTI from my existing broker? | ||||||||||
An
Account Transfer Form (ACAT), found on the Account
Forms page of this website, must be completed and submitted with
the account application forms, along with a copy of your last account
statement received from your previous broker. |
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| How much money is needed to open an account? | ||||||||||
| The suggested minimum dollar amount to open an account is $10,000. Contact a broker for details. | ||||||||||
| How can I fund my account? | ||||||||||
Funding
of accounts may be accomplished by wiring funds OR
including checks with completed account applications
(please refer to the "To whom should I make out a check?"
section).
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| What type of checks do you accept and to whom should I make out a check? | ||||||||||
Securities
Account checks MUST be made payable to: Mesirow
Financial Inc. All checks must be drawn on an account
in the name of the customer. Third party checks or checks made payable
to PTI Securities & Futures WILL BE RETURNED. (All checks drawn
on accounts titled differently than that of the account to be opened
are considered third party). |
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Futures
Accounts: A certified check, cashier's check, personal check
or money order MUST be made payable to: RJ
O'Brien. If this is a new account, personal checks,
money market checks and savings and loan checks may require clearance
before you can trade. In addition, the originating source of all funds
coming into the account must match the name on the account. |
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| What are the wiring instructions? | ||||||||||
| Securities Wire Transfer instructions are as follows: | ||||||||||
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| Futures Wire Transfer instructions are as follows: | ||||||||||
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| What are your policies about when initial funds clear? | ||||||||||
| 1) Wired Funds - full amount within 1 business day after receipt. | ||||||||||
| 2) Personal checks - a check received after 2:00pm CT is considered "received" the next business day. | ||||||||||
| What type of account protection do you provide? | ||||||||||
| PTI
Securities is a member of Securities Investor Protection Corporation
(SIPC). PTI Securities & Futures, together with Mesirow Financial
Inc., has purchased excess SIPC coverage to insure each account for
an additional $29.5 million in securities. Click
here for additional SIPC coverage information. |
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Note:
SIPC does not cover commodity contract and options on futures. SIPC
does not protect against market loss. |
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| What if I am a resident of a country other than the U.S.? | ||||||||||
In
addition to our standard account application forms, all non-U.S. citizens
must fill out the appropriate IRS Form W-8. Click here
to access this form. |
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| How do I withdraw money from my account? | ||||||||||
| Checks to be mailed may be requested via phone at 800.821.4968, by fax at 312.663.3058, or by e-mail. Funds to be wired must be requested via a signed fax message. | ||||||||||
Once
PTI has received all appropriately completed application forms from
you and your account is funded and established, you will then have the
ability to enable your own online trading
by Registering
for Access. If you are uncertain if your account is complete
and / or funded, please call PTI toll free at 800.821.4968. |
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| What Can I Trade? | ||||||||||
All
listed Stocks, OTC, and most OTC-BB stocks can be traded. In addition,
you can trade Options, Futures and Future Options. |
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| What type of orders can I place? | ||||||||||
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| How will I be able to trade? Will I be able to trade over the phone and via the web? | ||||||||||
Orders
can be entered via PTI's Online Trading System,
or by telephone at an additional cost. |
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| What if I need help getting set up to trade online with PTI? | ||||||||||
| To receive help getting set up to trade online or if you experience problems with your online account, please contact PTI's Director of Online Trading, Matt Frankiewicz, toll free at 800.821.4968. |
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| How much will I have to pay for my trades? | ||||||||||
See
our current commission schedule. For online trading, Stock &
Index Options are $2 per contract with a $19.95 commission minimum.
Online Stock trades are .02¢ per share with a $19.95 commission
minimum. Broker assisted trades (trades placed by telephone) for Stock
& Index Options are $5 per contract with a $45.00 commission minimum.
Broker assisted Stock trades are .05¢ per share with a $45.00 commission
minimum. In the uncommon event that our servers
or our link to the internet goes down, commission charges on phone orders,
during that period of time, will not include the additional charge difference
incurred by broker-assisted orders. |
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| Does PTI recommend certain trades to clients? | ||||||||||
| PTI dispatches valuable, periodic Trade Recommendations via e-mail to PTI clients. See an example. |
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| Can a PTI broker automatically place a trade for me based on PTI recommendations? | ||||||||||
| We are aware that some of our clients may not open their e-mail in time to take advantage of PTI's Trade Recommendations. Therefore, PTI offers clients the option to be included on our Automatic Execution list. For details, contact broker Jim Doran for details toll free at 800.821.4968 . |
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| What about margin trading? | ||||||||||
There
is no requirement to open a margin account. PTI operates at exchange
minimums on all option spreads. For more information refer to the CBOE
Margin Manual. |
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| How quickly will I get a confirmation? Will I be notified by e-mail? | ||||||||||
For
all broker-assisted trades, you will be sent a confirmation as soon
as we receive it. You will be immediately notified via e-mail if you
are using PTI's Online Trading System. |
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| What should I do if I have a question regarding activity in my account? | ||||||||||
It
is the customer's obligation to notify PTI Securities & Futures
in a timely manner of any discrepancy regarding their account. In the
event of a trade dispute or any other issue relating to an order, PTI
expects our customers to notify our trading staff promptly (within 1/2
hour of the occurrence). Whether it be an improper fill or confirmation
of order status, the earlier we receive your inquiry, the more timely
we can resolve the issue. Call 800.821.4968. |
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| What if I move or any of my personal contact information changes? | ||||||||||
| If any of your personal contact information changes, i.e. name, address, phone, e-mail, etc., please contact PTI by phone at 800.821.4968 or e-mail PTI with your account number and updated information. |
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| What kind of support can I expect? | ||||||||||
Toll
free telephone support (800.821.4968) for trading is provided from 7:00am
until 4:30pm CT or you may e-mail any one
of the PTI brokers. Support may also be accessed in the online Account
Access panel. |
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| What other details can you give me? | ||||||||||
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