Federal law and anti-money laundering rules require all financial institutions to obtain, verify and record information that identifies each person who opens an account.
• Name, address and date of birth that will allow us to identify you. (P.O. Boxes are not accepted)
• Your Social Security number or Individual Tax ID
• Your employer’s name, address and phone number
• Your beneficiary’s Social Security number and date of birth
• Note: We may ask to see your driver's license or other identifying documents.
You will also be asked a series of questions regarding your account.
US Department of the Treasury, SEC, FINRA and the NYSE require you to provide additional information, such as net worth, annual income, occupation, investment experience and objectives, and risk tolerance.
eOption is a division of Regal Securities, Inc., Investrade is a division of Regal Securities, Inc., Regal Discount Securities, is a division of Regal Securities, Inc., All securities and services are offered through Regal Securities, Inc., a member of the Securities Investor Protection Corporation (SIPC). Your account assets are covered by the SIPC, which protects customers of its members up to $500,000, with a limitation of $250,000 on claims for cash balances. Additionally, our clearing firm, Hilltop Securities, Inc. “HTS” has purchased Excess SIPC Insurance which covers the net equity of customers’ accounts up to an aggregate of $150 million from underwriting syndicate at Lloyd’s of London.
The customer securities component, which restricts coverage with respect of any one customer, is a maximum of $25,000,000 with the aggregate coverage of cash set at $900,000. SIPC and Excess SIPC covers accounts of the member firm in the event of a member’s bankruptcy and insolvency. Coverage does not apply to losses due to market fluctuation or any decline in market value of your securities. For additional information regarding SIPC coverage, including a brochure, please contact SIPC at (202) 371-8300 or visit www.sipc.org.
Upon receipt of completed paperwork, accounts are typically opened within 24-48 hours.
U.S. clients may choose from Traditional, Rollover, Roth, SEP, Simple and Coverdell IRA’s.
Yes. We allow prudent trading of options in IRA’s based on an investor’s individual suitability. Option trading in IRA’s includes call buying, put buying, cash-secured put writing, spreads, and covered calls. Unsecured (naked) puts and naked call transactions are not permitted in IRA’s. We reserve the right to determine what trading is suitable for an IRA.
The phrase, “Non-Professional Subscriber” means any natural person who is neither: (a) registered or qualified in any capacity with the SEC, the Commodities Futures Trading Commission, any state securities agency, any securities exchange or association, or any commodities or futures contract market or association; (b) engaged as an “investment advisor” as that term is defined in Section 201 (11) of the Investment Advisors Act of 1940 (whether or not registered or qualified under that Act; nor, (c) employed by a bank or other organization exampt from registration under federal or state securities laws to perform functions that would require registration or qualification if such functions were performed for an organization not so exempt. The phrase “Professional Subscriber” means all other persons who do not meet the definition of Non-Professional Subscriber.
eOption Investrade Regal Discount Securities Regal Securities also offers Corporate and Trust accounts as well as Coverdell, SEP and Simple IRA’s, which are currently not available for online account opening. For these account types, including international customers, click here to download an account application. click here to download an account application. click here to download an account application. please contact your Regal Securities advisor. International Customers should also see Important Information before completing your application. International Customers should also see Important Information before completing your application. International Customers should also see Important Information before completing your application.