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Pick the Pricing Plan that's Best for You

 

 

Which Plan is Best for You?

Features

Place Trader Lite

Place Trader Pro

Commissions:

US Exchange-Listed Stocks / ETFs

Commission-free Fixed or Tiered Pricing

Other Stocks / ETFs

Fixed Pricing Fixed or Tiered Pricing

Options

Fixed Pricing1 Fixed or Tiered Pricing

Futures

Fixed Pricing Fixed or Tiered Pricing

Forex

Tiered Pricing Tiered Pricing

Fixed Income

Tiered Pricing Tiered Pricing

Mutual Funds

Fixed Pricing Fixed or Tiered Pricing
Account Fees:

Minimum Balance

USD 0 USD 0

Maintenance Fee

USD 0 Up to USD 10 per month (less commission paid that month)

Interest Paid on Idle Cash Balances2

Benchmark minus 1.5% Benchmark minus 0.5%

Interest Charged for Margin Loan

Benchmark plus 2.5% Begins at Benchmark plus 1.5%, with lower rates for higher loan values.3
Account Features:

Stock Yield Enhancement Program

Market Data

Free snapshot market data for US listed stocks and ETFs Premium Subscriptions Available

Outside Regular Trading Hours4

07:00 - 20:00 04:00 - 20:00
Trading Technology:

Client Portal

Place Trader Mobile

IBot

Trader Workstation (TWS)

Place Trade Web Trader

Place Trade APIs

Order Types & Algos

No Algos, Limited Order Types

Conditional Orders

Paper Trading

Limited

Mutual Fund / ETF Replicator

Risk NavigatorSM

Back Testing

 
= Included
  1. Where available in North America.
  2. Accounts with a NAV of less than USD 100,000 (or equivalent) will be paid at a rate proportional to accounts with a NAV of USD 100,000 (or equivalent) or more. The proportion is determined by the ratio of the account's NAV to USD 100,000 (or equivalent). The negative rate applied to accounts holding these currencies is the same regardless of account size.
  3. For more information, see
  4. Regular trading hours for Place Trader Lite and Place Trader Pro are 09:30 - 16:00

We understand your investment needs change over time. You can switch between the Place Trader Lite and Place Trader Pro plan at any time. Your first three reclassifications are processed on a weekly basis while subsequent reclassifications happen on a quarterly basis.

 
= Included
  1. Where available in North America.
  2. Accounts with a NAV of less than USD 100,000 (or equivalent) will be paid at a rate proportional to accounts with a NAV of USD 100,000 (or equivalent) or more. The proportion is determined by the ratio of the account's NAV to USD 100,000 (or equivalent). The negative rate applied to accounts holding these currencies is the same regardless of account size.
  3. For more information, see
  4. Regular trading hours for Place Trader Lite and Place Trader Pro are 09:30 - 16:00

We understand your investment needs change over time. You can switch between the Place Trader Lite and Place Trader Pro plan at any time. Your first three reclassifications are processed on a weekly basis while subsequent reclassifications happen on a quarterly basis.

 

Institutions - Hedge Fund and Mutual Fund Managers

 

 

 

Hedge and Mutual Fund Application Steps Checklist

 


 

Please follow this checklist for a fast and easy experience opening a hedge fund or mutual fund account at Place Trade!

.

1. Complete the Investment Manager Electronic Application

Fully electronic (Use this for fastest processing):
You will be asked to establish a username and password at the beginning of the process so that all the information you enter will remain secure. While most customers will complete their application in a fully electronic fashion, we are sometimes required to receive paper documents which should be forwarded to the addresses listed under Contact Us/Document Submission Information on the PT website.

 

2. Fund Your Account

You are not required to fund your account prior to approval, however, if you'd like to do so, you will be presented with several options at the end of the registration process.

Send a check* (with your deposit instruction form, application or account number written on the check) or wire (call or visit your bank to initiate) as specified in your deposit instructions to PT. Electronic Funds Transfer (ACH), Broker-to-Broker Transfer (ACAT), and PT Internal Transfers will automatically transfer. If we do not receive your funds in 45 days from approval the account will be closed.

 

3. Application Review

We will review your application for approval once your entire application has been completed. Your application is complete once there are no outstanding application tasks within Finish Application, located in the Login drop-down list in the upper right corner of the PT homepage. Sometimes after you have completed the application we require additional steps. You will be notified by email and within Login/Complete Application if this is the case.

 

4. Application Review Results

You will be notified by email and within Login/Complete Application of the results of our application review. Fully completed applications will be processed within 48 business day hours under normal business conditions.

 

5. Submit an Application for Each Fund

Print out a paper application under Login/Account Management. You have two options:

  • You can complete the required information and send the form to the fund. They should designate someone as an authorized person to sign on behalf of the fund, and then send the application to PT Account Processing.
  • You can send the application to the fund. Their authorized person should complete and sign on behalf of the fund, and then send the application to PT Account Processing.

 

You may log into Account Management at any time to see the status of the fund's applications.

 

Place Trade Financial, Inc. TWS Installation Instructions

This instruction walks you through the standard installation procedure for installing TWS, and shows you the pop-up windows that you will encounter and need to take action on in each step throughout the process. The instructions are specific to the browser and operating system you are using.



When you click the “Download” button you will see the below:




In the bottom left corner of your browser find and click the tws…exe download button.




If you see the Security Warning box, click the “Run” button to confirm that you want to install TWS.




Click the “Next” button on the Setup Wizard to install TWS.




Uncheck the “Run Trader Workstation” checkbox and click the “Finish” button. A TWS icon is installed on your desktop.




Find the TWS icon on your desktop and double-click to launch the Login box.




Enter your username and password then click the “Login” button to log into TWS.

Place Trade Financial, Inc. TWS Installation Instructions

This instruction walks you through the standard installation procedure for installing TWS, and shows you the pop-up windows that you will encounter and need to take action on in each step throughout the process. The instructions are specific to the browser and operating system you are using.



When you click the “Download” button you will see the below:




In the bottom left corner of your browser find and click the tws…exe download button.




Click your Downloads folder to see the list of available files, and double-click the tws.dmg file to open it.
If the Downloads folder is not in your dock, you may locate it under Macintosh HD > Users > yourusername > Downloads






Double-click the Trader Workstation icon to initiate installation.




Click “Open” to confirm and start the installation.
A proprietary Java Runtime Environment is included with this package and may take a minute to install – please wait!
The Setup Wizard will display when the installation is complete.



Click the "Next" button on the Setup Wizard to install TWS.




Uncheck the "Run Trader Workstation" box and click the "Finish" button. A TWS icon is installed on your desktop.




Find the TWS icon on your desktop and cilck to launch the Login box. You can also launch the TWS software from the Trader Workstation folder located under Macintosh HD > Users > yourusername > Applications > Trader Workstation.




Enter your username and password then click the "Login" button to log into TWS.

Place Trade Financial, Inc. TWS Installation Instructions

This instruction walks you through the standard installation procedure for installing TWS, and provides the command line entries you will need. You can copy and paste the text to make it easier for you to install.



Click the Download button and save the TWS installation file to a desired location. The remaining instructions assume that you have saved the file to the default Downloads folder. If you have saved it to a different location, replace “Downloads” in the instructions with the appropriate directory/folder.



Open Terminal (Ctrl+Alt+T on most distributions) and navigate to the directory where the installer was downloaded:

Copy: cd ~/Downloads



Make the installer executable by using: chmod u+x before the filename:

Copy: chmod u+x tws-latest-linux-x64.sh



Run the installer to start the wizard by typing “./” before the file name:

Copy: ./tws-latest-linux-x64.sh



TWS Install for Linux Screen

Click the “Next” button on the Setup Wizard to extract files.



TWS Install for Linux Screen


TWS Install for Linux Screen

Uncheck the “Run Trader Workstation” checkbox and click the “Finish” button. A TWS icon is installed on your desktop.



TWS Install for Linux Screen

Find the TWS icon on your desktop and double-click to launch the Login box.



TWS Install for Linux Screen

Enter your username and password then click the “Login” button to log into TWS.

Place Trade Financial, Inc. TWS Installation Instructions

This instruction walks you through the standard installation procedure for installing TWS, and provides the command line entries you will need. You can copy and paste the text to make it easier for you to install.



Click the Download button and save the TWS installation file to a desired location. The remaining instructions assume that you have saved the file to the default Downloads folder. If you have saved it to a different location, replace “Downloads” in the instructions with the appropriate directory/folder.



Open Terminal (Ctrl+Alt+T on most distributions) and navigate to the directory where the installer was downloaded:

Copy: cd ~/Downloads



Make the installer executable by using: chmod u+x before the filename:

Copy: chmod u+x tws-latest-linux-x86.sh



Run the installer to start the wizard by typing “./” before the file name:

Copy: ./tws-latest-linux-x86.sh



TWS Install for Linux Screen

Click the “Next” button on the Setup Wizard to extract files.



TWS Install for Linux Screen


TWS Install for Linux Screen

Uncheck the “Run Trader Workstation” checkbox and click the “Finish” button. A TWS icon is installed on your desktop.



TWS Install for Linux Screen

Find the TWS icon on your desktop and double-click to launch the Login box.



TWS Install for Linux Screen

Enter your username and password then click the “Login” button to log into TWS.

Place Trade Financial, Inc. TWS Installation Instructions

This instruction walks you through the standard installation procedure for installing TWS, and shows you the pop-up windows that you will encounter and need to take action on in each step throughout the process. The instructions are specific to the browser and operating system you are using.



When you click the “Download” button you will see the below:




In the bottom left corner of your browser find and click the tws…exe download button.




If you see the Security Warning box, click the “Run” button to confirm that you want to install TWS.




Click the “Next” button on the Setup Wizard to install TWS.




Uncheck the “Run Trader Workstation” checkbox and click the “Finish” button. A TWS icon is installed on your desktop.




Find the TWS icon on your desktop and double-click to launch the Login box.




Enter your username and password then click the “Login” button to log into TWS.

Our server for the informational site is currently down for maintance. We expect it to be back up shortly. All of our trading systems as well as Account Management are working normally!

 

You are welcome to Log into any of the trading platforms, Account Management or call us at 919-719-7200 or 919-931-2004 with any questions or concerns.

 

If you were in the middle of a new account application you may finish it via this link or use this link to open a new account.

 

Please click here to: 

Log into your account (Account Management)

Finish a new account application:

 

 

Well, that is embarrassing! We apologize for the error that brought you to this page.
Please try again by searching for the subject that you are looking for or simply give us a call at 919-719-7200 or 800-50-PLACE (800-507-5223) and we will help you find what you are looking for right away! 

 

How much will I receive in Social Security Benefits? (Based on my age/year of birth) 

Should I take my social security benefits early or wait to qualify for the maximum benefits? Can I take my spouse or ex-spouse's benefits early or should I wait?

 

What is Full (or Normal) Retirement Age?

According to the Social Security Administration "Full retirement age is the age at which a person may first become entitled to full or unreduced retirement benefits."

Regardless of what your full retirement age (also called "normal retirement age") is, you are allowed to start receiving benefits as early as age 62 or as late as age 70.

 

What Happens to Your Benefits if You Retire Early?

If you are healthy and can afford to wait then there is no need to rush! If you choose to retire you may begin drawing social security benefits at any time between age 62 and your full retirement age (which is based on the year that you were born).

If you are seriously considering tapping into your benefits early, it is important to note that you will not be entitled to the full amount that you may be expecting. In fact, your benefits will be reduced by a fraction of a percent for every month that you receive them prior to your full retirement age. Although that may not sound like much it can easily add up to a 20 - 35% reduction in monthly benefits and can make a significant difference in your long term financial well-being!

 
 


Compare Social Security Benefits Paid at Full Retirement versus Age 62 (By Year of Birth)

 

 

Year of Birth1 

 

When do I reach Full (Normal) Retirement Age? 

 

Months between age 62 & Full Retirement2

If You Start Your Benefits at Age 62 3

A $1000 FULL Retirement benefit would be reduced to

Your retirement benefit is reduced by4A $500 spouse's benefit would be reduced toSpouse's benefit is reduced by5
65
36
$800
20.00%
$375
25.00%
   1938
65 and 2 months
38
$791
20.83%
$370
25.83%
   1939
65 and 4 months
40
$783
21.67%
$366
26.67%
   1940
65 and 6 months
42
$775
22.50%
$362
27.50%
   1941
65 and 8 months
44
$766
23.33%
$358
28.33%
   1942
65 and 10 months
46
$758
24.17%
$354
29.17%
66
48
$750
25.00%
$350
30.00%
   1955
66 and 2 months
50
$741
25.83%
$345
30.83%
   1956
66 and 4 months
52
$733
26.67%
$341
31.67%
   1957
66 and 6 months
54
$725
27.50%
$337
32.50%
   1958
66 and 8 months
56
$716
28.33%
$333
33.33%
   1959
66 and 10 months
58
$708
29.17%
$329
34.17%
67
60
$700
30.00%
$325
35.00%

 

     
  View the chart above to see the difference between receiving a normal (Full Retirement Age) monthly benefit payment and the amount that you would receive if you started taking reduced benefits at age 62. The example is based on an estimated monthly benefit of $1000. You may also click on your birth year to visit the SSA website and find out how much your benefit will be reduced if you retire between age 62 and your specific full retirement age.   
     

 

  1. If you were born on January 1st, you should refer to the previous year. 
  2. If you were born on the 1st of the month, we figure your benefit (and your full retirement age) as if your birthday was in the previous month. If you were born on January 1st, we figure your benefit (and your full retirement age) as if your birthday was in December of the previous year.
  3. You must be at least 62 for the entire month to receive benefits.
  4. Percentages are approximate due to rounding.
  5. The maximum benefit for the spouse is 50% of the benefit the worker would receive at full retirement age. The % reduction for the spouse should be applied after the automatic 50% reduction. Percentages are approximate due to rounding.
 

 

Please Note: If you qualify for benefits as a Survivor, your full retirement age may be calculated differently.

 

 

 

 
 

 

Source: Social Security Administration

 

Subcategories

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Learn more about retirement planning by visiting some of the links below:

Roth IRA

SEP IRA

SIMPLE IRA

Traditional IRA

Qualified Plans

Rollover IRAs

Find out how Place Trade can help you get the most out of your college planning by visiting some of the links below:


Coverdell ESA

529 College Savings Plans

UGMA/UTMA Accounts