Check Deposits

• All checks must be made payable to our clearing firm: Legent Clearing LLC.
• There is a 10 business day holding period on all checks
• Include your Account Number and Account Name on all deposit checks
• If your account has not been opened, a check can be enclosed with the original application to our Washington DC office.
• Please make checks payable to Legent Clearing LLC and mail your deposits to:
  
  Success Trade Securities, Inc.
  1900 L Street NW
  Suite 301
  Washington, DC 20036

What You Can Deposit What You Can't Deposit   Checks drawn by the account owner, payable to Legent Clearing LLC   Cash   Brokerage Checks payable to the account holder or Legent Clearing LLC for the account of our customer (for Rollover IRAs only)   Money Orders   Bank Checks made payable to Legent Clearing LLC   Travelers Checks       Checks incorrectly endorsed       Stale dated checks (six months or older)       A check from a Success Trade checkbook made out to another Success Trade account       Credit Card Checks       Credit / Debit Cards       Third Party Checks       Checks made payable to LowTrades.com, Success Trade Securities, Inc., the Scudder Funds, or Delaware Charter       Checks drawn from a non-US bank (these funds must be wired)       Electronic Checks: checks originated from an online account

ACH Transfers

To activate an ACH Relationship on your account and transfer funds electronically, please complete the ACH Activation Form and mail to:

Success Trade Securities, Inc.
c/o LowTrades
1900 L Street NW, Suite 301
Washington, DC 20036

Please allow up to 10 business days upon receipt by our office for processing and verification of your bank account. To initiate an ACH transfer online, simply log into your LowTrades account and submit your instructions through the Cash Transfer link under the Utilities section of your menu bar.

ACH Withdrawal Policy:
ACH deposits may be withdrawn via ACH after 5-10 business days of the original deposit. Otherwise, ACH deposits may be withdrawn via check, wire or ACAT after 60 calendar days have passed from the original date of deposit.

Wiring Funds

If you would like to wire funds to our clearing firm, Legent Clearing, for credit to your LowTrades account(s), please follow the wiring instructions below.

Please do not initiate a wire transfer until you receive confirmation that your account has been opened.

Bank Bank of New York 1 Wall Street New York, NY 10286 ABA / Routing #: 021-000-018 Bank Account 890-062-0633 Account Name Legent Clearing LLC 9300 Underwood Ave Ste 400 Omaha, NE 68114 For Further Credit To Your Account Number and Name International Swift Code IRVTUS3N Required only for funds wired from a non-US bank.

Note:

1. Please indicate your exact account name and account number with the wire transfer. Failure to do so could result in delayed posting or return of the wire.
2. Wires from third party individuals will not be accepted. Third party wire transfers from a business account will only be accepted if a Sole Proprietorship Form has been filed with LowTrades.
3. Please be advised that wire transfers may take up to 24 hours to post.

Stock Certificates

Please note that Success Trade will not accept certificates for OTC Bulletin Board and Pinksheet Stocks.
All Stock Certificates along with a Stock Power Form must be submitted directly to our clearing firm, Legent Clearing LLC:

Legent Clearing LLC
Attn: Stock Receipts
9300 Underwood Ave Ste 400
Omaha, NE 68114

Please note that transfer agents must validate your certificate and shares before the shares are released for trading. A $125 processing fee will be charged to your acccount along with any additional fees associated with the transfer agent will apply. Transfer agent processing fees will vary. Please make all checks payable to our clearing firm, Legent Clearing LLC.
 

Account Transfers

Automated Customer Account Transfer (ACAT) You may transfer your investment account from another brokerage firm to your LowTrades account by submitting an Account Transfer Form along with the most recent copy of your statement.  Account Transfer Form  Please submit all transfer requests to: LowTrades c/o Success Trade Securities Inc 1900 L Street NW Suite 301 Washington, DC 20036 Important notes for transferring your account: Transfer Time Please allow 10-15 days for your account transfer to be processed. Transfers that are unable to be processed through the  ACAT system take approximately 3-4 weeks to complete. Acceptable / Unacceptable Requests For your protection, transfer from another brokerage firm will only be accepted if the Account Name/Title and Tax ID of your LowTrades account exactly match the information on the account your securities are being transferred from. Requests to transfer from an individual account at another brokerage into a joint account at LowTrades must be accompanied by a Letter of Authorization signed by the joint account holders. We do not accept requests to transfer from a joint account at another brokerage into an individual account at LowTrades. We do not accept incoming transfers of OTC securities in the lower three market tiers: » OTC Pink No Information » Grey Market » Caveat Emptor In the event such positions are transferred in as a result of a full account transfer, you will be unable to sell them and they will need to be transferred out, as we do not allow trading in these securities. Cash Accounts and IRA Accounts Many firms will charge an out-going account transfer and/or closing fees and debit the amount directly from the account. Please  be sure to check with your carrying firm to ensure that your account has enough cash available to cover these fees. Margin Accounts If you are transferring an existing margin account with a debit balance, please make sure that your LowTrades account has  been approved for margin. Mutual Funds Not all mutual funds can be held at all brokerage firms. In order to transfer a mutual fund, please check our Mutual Fund List for  the funds that our clearing firm currently have agreements with. Funds that cannot be held with us will need to be liquidated  prior to transferring.   Transfers through DTC (Depository Trust Company) You may transfer securities from your investment account at another brokerage firm to your LowTrades account electronically. If you would like to fund your account via DTC, you will need to place a DTC request with the firm holding the securities you want to transfer. You will need to provide the following information to your current carrying firm: Clearing Firm Legent Clearing LLC 9300 Underwood Ave Suite 400 Omaha, NE 68114 DTC / Clearing Number: 0052 Your LowTrades Account Name / Title Your LowTrades Account Number Please be advised that not all securities are eligible to transfer through DTC. If you are unsure if the securities you want to transfer are eligible, please contact Customer Services at 1-800-597-8767. Note: For our clients' protection, transfers from another brokerage firm will only be accepted if the exact Account Name / Title of your LowTrades account matches the exact Account Name / Title on the account the securities are being transferred from.   In-House Account Transfer To transfer assets from your existing LowTrades account, you will need to complete and forward a Letter of Authorization to: Success Trade Securities, Inc. 1900 L Street NW Suite 301 Washington, DC 20036 A $10 fee will apply for Letter of Authorization transfer requests. Please be advised that all third-party transfer requests must be notarized or bank medallion guaranteed.