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Opening a New Trade Wall Street Account

Determine Your Account

Choose your Online Trading Account Visit the account features page and choose the investment or trading account that you would prefer to use.

Choose an Account Type: TWS offers Individual, Joint, Corporate, Partnership
Investment Club, Sole Proprietorship, LLC Limited Liability Company, IRA, and Institutional Accounts. Foreign Accounts include a W-8 BEN and Passport Copy

Sign your Paperwork: Once you have determined your account type, fill out the following required paperwork. Depending on the account type, additional forms may be requested by TWS.

Read our Risk Disclosures: Read Our Risk Disclosures and Privacy Policy

Please fill out the account application by using your keyboard to enter the appropriate information. When finished, print the application, sign and fax your completed documents to Trade Wall Street.

Fax your completed documents to Trade Wall Street (Fax) 1.888.541.9118. You will receive further instructions via email or phone within a few hours.

If you are funding your new account with a check, make checks payable to: "Penson Financial Services, Inc."

Wiring Instructions for Funding Your Account

How to Fund Your Trade Wall Street Account

Money Market Fund Application: Checking and Visa Debit

If you would like to open Money Market Fund account for the check writing or visa card privilege, you need to submit a separate application and set up a money market account to complete the application process.

Notice: On September 28, 2001 the NASD implemented the following

  • If you trade less than 4 times in a 5 day week you are considered an investor. An investor can open an account for $500.00 at TWS
  • If you trade 5 times or more in a week on a direct access trading system you are considered a pattern day trader. A day trading account must maintain at least $25,000.00 in equity at all times
  • Accounts that meet Day Trading Criteria will be extended 4 times buying power. Currently, the overnight extension is 2x.

What type of orders can I place through my Trade Wall Street Online Account?

Orders to ECN's, Market Makers, or Auto Market

Market orders

Limit and Day Orders, Stop Orders, GTC Orders

Trading Hours

Trading hours are from 8am to 8pm. Our systems are open before and after traditional market hours, however, there is no assurance that orders will be filled in after-hours trading (based on market liquidity)

How do I view my account activity?

Confirmation of your trading is posted live in your account. Additional confirmations are available through our E-Confirm System, Online Customer Reporting Sytem, and through the Mail.

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** Trade Wall Street Financial is a division of TWS Financial, LLC, Member FINRA, Nasdaq, NYSE Euronext, & SIPC. All accounts are SIPC Protected for $500,000 Securities, including $100,000 claims for Cash. Additional insurance coverage of $24.5 million including $900,000 maximum claims on cash by Penson Financial Services Inc. through National Union Fire Insurance Company of Pittsburgh, PA (a member company of American International Group). SIPC coverage does not protect against market losses. Explanatory brochure available upon request. For Details please see www.sipc.org. System response, trade executions and account access may be affected by market conditions, system performance, quote delays and other factors. The risk of loss in electronic trading can be substantial. You should therefore consider whether such trading is suitable for you in light of your financial resources. Money Market Funds are not FDIC Insured. Read our Read our Risk Disclosures for Active Trading

*** Trade Wall Street offers third party and proprietary trading systems that provide real time trading access to the US stock market through a Trade Wall Street Brokerage Account. All Real-Time Systems including Real-Time Graphs, Real-Time Quotes, and Real-Time Order Entry are subject to market volatility and volume conditions or internet related issues that may delay system access and trade execution.

***Beware of the risk of trading. Trading stocks and other investments are subject to fluctuations in value and possibly entire loss of principle. The information contained herein is for information purposes only and does not constitute a solicitation or an offer to buy or sell any securities. The company offers a comprehensive array of financial services. For more information on any product or service under consideration, email request to tradew@comcast.net for information, literature, or prospectus which contains information on product objectives, sales charges, and product risk.* Read your prosepctus carefully. Minimum Account Required