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ARE
MY TRADING ACCOUNT FUNDS TRACKED & SECURE? |
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YES.
All sub-contractor account deposits are completed
via secure, traceable bank wires to US-based banks
utilized by our affiliate private capital groups. For complete
details regarding sub-contractor account protection,
please check out our
Client Security Center.
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I AM NOT A
U.S. RESIDENT, CAN I STILL OPEN A SUB-CONTRACTOR
ACCOUNT? |
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YES.
WTC and our affiliate private capital groups welcome
traders from all over the world and have made the
application and account setup process as easy as
possible. For our international clients,
click here for an online
application and you can be up and running
in as little as 3 business days with your new
sub-contractor account. |
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DO I HAVE
TO BE SERIES 7 LICENSED TO OPEN A SUB-CONTRACTOR
ACCOUNT? |
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NO.
Sub-contractor accounts utilize limited trading
authorizations to enable both licensed and
non-licensed individuals to trade on accounts.
If you are licensed and would like to maintain your
licensing by trading directly via one of the
registered broker dealers used by our private
capital affiliates, please contact a WTC
representative at 866.473.5069 or email us at
info@worldwidetradingcapital.com. |
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WHAT ARE
THE DIFFERENCES BETWEEN SUB-CONTRACTOR ACCOUNTS AND
ONLINE TRADING ACCOUNTS? |
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Sub-contractor accounts differ in several ways from
either of the above online account types. When
you open a sub-contractor account, you are actually
working as an independent contractor for one of our
affiliate private capital firms. These firms
are private, non-licensed organizations and thus do
not require you to maintain any securities
licensing. Your capital is deposited with
these firms and then journaled into a trading
account owned by the private capital groups.
Just as with the online accounts detailed above,
these accounts are housed with NASD registered
broker-dealer and all funds are SIPC insured.
However, unlike retail accounts, you are in essence
using supplemental capital provided by the capital
group's to leverage your own equity and receive full
daytrading permissions and a minimum of 10:1
equivalent intraday leverage and 4:1 overnight
leverage for trading of all marginable NYSE, NASDAQ,
and AMEX stocks and are able to open an account with
as little as $5,000.
For
more details on the comparisons and advantages of
sub-contractor trading v.s. standard online trading,
please
click here or
contact a WTC client representative at
1-866-473-5069. |
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WHAT ARE THE PRIMARY ADVANTAGES TO USING A
SUB-CONTRACTOR ACCOUNT? |
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Sub-contractor trading offers a variety of benefits
to all types of traders including;
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Extended
intraday and overnight leverage, up to 20:1 and 6:1
respectively
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The choice
of multiple pricing proposals including per/share or
per/ticket
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NO
restrictions on the number of intraday trades per
week
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NO Series
7 licensing requirements
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Low
initial capital requirements, as little as $5,000
For more
details on the advantages of sub-contractor trading,
please visit our
WhyWTC section or
contact a client representative at 1.866.473.5069.
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HOW DO I SETUP A SUB-CONTRACTOR ACCOUNT WITH WTC? |
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The
quickest way to open a sub-contractor trading
account is by completing an online application at
the following link,
http://www.worldwidetradingcapital.com/gettingstarted.asp.
Applications are typically processed within one
business day and accounts can be set up in as little
as two business days with our expedite services.
Applications can also be printed and faxed to us at
1.866.611.0913.
Click here to access a
printable version of the sub-contractor application
in PDF format. |
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HOW CAN I REVIEW MY SUB-CONTRACTOR ACCOUNT DETAILS ONLINE? |
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Upon completion
of the account setup process, you will receive a unique
login username and password for the designated
broker-dealer. This site
provides the following services and information;
- Online
account statements available for download or export in .csv
format
- Daily
trading activity including Buy, Sell, Short, Cover
executions
- Account
summary, Balances, Buying Power, Cash History, Positions
Complete
login details are provided prior to account funding.
For more information regarding electronic tracking of
account activity and money transfers, please review our
Client
Security Center. |
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HOW DO I WITHDRAW FUNDS FROM MY ACCOUNT ONCE I BEGIN
TRADING? |
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Trading funds
are available for withdrawal via bank wire (domestic and
international). Please refer to our
Withdrawal section for
complete instructions on withdrawing funds from your
sub-contractor account. |
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WHAT HAPPENS AFTER I FUND MY SUB-CONTRACTOR ACCOUNT? |
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Following
confirmation of account funding, your trading platform
will become live and buying power will be allocated to
your sub-contractor account based on your initial capital
deposit and trader multiplier. You will then be
contacted by your designated WTC client representative
with final instructions to initiate your trading account. |
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HAVE MORE
QUESTIONS OR NEED ADDITIONAL HELP? |
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Feel free to
contact a WTC representative seven days a week for
assistance. |
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Call us
toll-free at 1-866-473-5069
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E-mail us
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Send a fax to
1-866-611-0913
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Chat with a
representative via Live Support.
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