FOREIGN ACCOUNTS (for Non-US citizens and/or residents)

JOINT ACCOUNT WITH RIGHTS OF SURVIVORSHIP

DESCRIPTION

For a Foreign Joint Account with Rights of Survivorship (JTWROS), the account ownership falls under the names of more than one individual who are not U.S. citizens or resident aliens.  Account holders share an undivided interest with a Joint Tenants with Rights of Survivorship (JTWROS).

CASH ACCOUNT

All securities in a cash account must be paid in full. 

MARGIN ACCOUNT

A margin account allows the investor to borrow money for investing purposes by using the account's existing equity as collateral.  A minimum of $2,000 and a signed Margin Agreement is required.

REQUIRED DOCUMENTS

New Account Form
W-8 BEN (must be completed by each account holder)
Copy of unexpired passport for each account holder

OPTIONAL FORMS

Margin Agreement
Options Agreement
Account Transfer Form
ACH Money Link *Link your U.S. bank account to your LowTrades acccount

NOTES & RESTRICTIONS

Account holder(s) must be at least 18 years of age
Country of Residence stated on the W-8 BEN cannot be abbreviated.  The name of the country must be entirely spelled out. 
Deposits from a Non-US Domestic bank must be completed by wire transfer.
For pattern day-trading accounts, please visit our Active Traders section for additional information.