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ARE THERE
ANY RESTRICTIONS ON THE NUMBER OF TRADES I CAN MAKE
IN A WEEK? |
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NO.
All sub-contractor accounts qualify as "pattern day
trading" accounts and as a result do not impose any
restrictions on the number of trades you may place
in a week. Conversely, sub-contractor accounts
do not impose any minimum monthly trading activity. |
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AM I ABLE
TO SHORT STOCK WITH MY SUB-CONTRACTOR ACCOUNT? |
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YES.
Just as with online and direct access trading
accounts, sub-contractor accounts are set up to
handle shorting of stock. |
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CAN I
TRADE OPTIONS, FUTURES, OR FOREX WITH MY
SUB-CONTRACTOR ACCOUNT? |
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Sub-contractor accounts are permissioned upon
request for options trading. However, futures
and FOREX trading are not allowed on sub-contractor
accounts. If you are interested in trading
futures or FOREX, please contact a WTC
representative at 1.866.473.5069 for broker
referrals. |
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CAN I
TRADE NON-MARGINABLE STOCKS? |
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YES.
Sub-contracted traders are able to trade both
marginable and non-marginable stocks. However,
leverage for non-marginable stocks is set to 4:1
intraday and 2:1 overnight. |
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HOW DO I
RECEIVE SUPPORT ONCE I BEGIN TRADING? |
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Following
account setup, you will receive full contact details
for the selected NASD-approved broker-dealer, which
will provide full trade support from 8am to 6pm EST. |
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WHICH ECNS ARE AVAILABLE VIA THE DIRECT ACCESS PLATFORMS? |
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Sub-contractors
may choose from the following ECNs when executing trades
with either Realtick or InstaQuote:
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AM I ABLE TO CONTACT THE BROKER TO PLACE TRADES OVER THE
PHONE IF NECESSARY? |
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YES. Every
broker-dealer utilized by our affiliate private capital
groups provide dedicated trade desks to support clients
throughout the day with any trade related issues or
phone-based executions. |
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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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