| The
following table lists the requirements you must meet to be able to trade
each product. Be sure to read the notes at the bottom of the table, as
they contain important additional information. Note that the information
below does not apply to accounts that list India as the country of legal
residence/formation.
Important:
To qualify as a PTI ProDirect customer, you must meet these requirements:
-- You must have executed
at least 100 prior trades for any product
type (Stock, Options, Futures, and so on).
-- To trade any product, you must have a Good or Extensive Knowledge
Level for that product.
-- To trade any product, you must have a minimum of two
years trading experience with that product and your net worth
/ income must qualify according to the table below.
-- Your Net Worth cannot be less than your Liquid Net Worth.
-- To qualify for a Portfolio Margin account, your Net worth and Liquid
Net Worth must each be greater than 100,000 USD. |
|
|
Liquid
Net Worth / Income Minimums / Age |
| Product |
Investment
Objectives |
>50
or ORG |
41-50 |
31-40 |
21-30 |
|
Stocks,
Bonds, Mutual Funds [1] |
| Cash
Account |
Income
or Growth or Trading Profits or Speculation or Hedging |
>20,000
/ Any
(customers aged 18-21 are eligible to trade stocks if they meet
all other requirements) |
| Reg
T Margin Account |
Growth
or Trading Profits or Speculation
or Hedging |
>20,000
/ >40,000 |
Portfolio
Margin Account |
Trading Profits or Speculation |
>100,000
/ Any |
|
Options
(Stocks are automatically selected when you select Options)
[2] [3] [5] |
Cash
Account |
Trading
Profits or Speculation |
>100,000
/ Any |
>75,000 / >50,000 |
>50,000
/ >45,000 |
>20,000
/ >40,000 |
| Reg
T Margin Account |
Trading
Profits or Speculation |
>100,000
/ Any |
>75,000/
>50,000 |
>50,000
/ >45,000 |
>20,000
/ >40,000 |
Portfolio
Margin Account |
Trading
Profits or Speculation
|
>100,000
/ Any |
>100,000
/ Any |
>100,000
/ Any |
>100,000
/ Any |
| Forex
(IDEALPRO) [4] [5] |
Cash
Account |
Trading
Profits or Speculation or Hedging |
>100,000
/ Any |
>75,000
/ >50,000 |
>50,000
/ >45,000 |
>20,000
/ >40,000 |
| Reg
T Margin Account |
Trading
Profits or Speculation or Hedging |
>100,000
/ Any |
>75,000/
>50,000 |
>50,000
/ >45,000 |
>20,000
/ >40,000 |
Portfolio
Margin Account |
Trading
Profits or Speculation |
>100,000
/ Any |
>100,000
/ Any |
>100,000
/ Any |
>100,000
/ Any |
|
Futures,
Futures Options [6] CFDs [8]
|
Cash
Account |
Growth
or Trading Profits or Speculation
[7]
or Hedging
|
>100,000
/ Any |
>75,000
/ >50,000 |
>50,000
/ >45,000 |
>20,000
/ >40,000 |
| Reg
T Margin Account |
Growth
or Trading Profits or Speculation
[7]
or Hedging |
>100,000
/ Any |
>75,000/
>50,000 |
>50,000
/ >45,000 |
>20,000
/ >40,000 |
Portfolio
Margin Account |
Trading
Profits or Speculation
[7] |
>100,000
/ Any |
>100,000
/ Any |
>100,000
/ Any |
>100,000
/ Any |
|
Single-Stock
Futures [2] |
Reg
T Margin Account |
Growth
or Trading Profits or Hedging |
>100,000
/ Any |
>75,000
/ >50,000 |
>50,000
/ >45,000 |
>20,000
/ >40,000 |
Portfolio
Margin Account |
Trading
Profits or Speculation |
>100,000
/ Any |
>100,000
/ Any |
>100,000
/ Any |
>100,000
/ Any |
| |
[1]
Only applicants with US accounts and US residence can trade Mutual
Funds.
[2] If you select only Options or only Single-stock Futures, Stocks
will automatically be selected as well.
[3] For Options, in addition to the Years Trading and Trades per
Year requirements, your Total lifetime Options trades must equal
100. For options, this is defined as stock trades + options trades
+ futures trades = 100 total trades lifetime.
[4] For Forex, in addition to the Years Trading and Trades per
Year requirements, your Total lifetime Forex trades must equal
100. For options, this is defined as stock trades + options trades
+ futures trades + forex trades = 100 total trades lifetime.
[5] Applicants who have completed the teaching exam for Options
or Forex are exempt from the two years experience requirement
to trade those asset classes.
[6] If you select Futures Options only, Futures will automatically
be selected as well.
[7] The Speculation investment objective requirement does not
apply to Futures and Futures Options trading in a Trust account.
[8] For Non-US and Non-Canadian accounts. |
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