Check Withdrawal (free of charge)

To request a check withdrawal, simply log in to your LowTrades account, click on the Tools tab on the menu bar, then click on Cash Transfer.

Notes:

Check requests made after 11 a.m. EST will be processed the following business day.

Checks will be mailed to the address on file. To update your address, please complete and return the Change of Address Form.

ACH Withdrawal (free of charge)

To request an ACH withdrawal, log in to your LowTrades account, click on the Tools tab on the menu bar and select Cash Transfer.

Notes:

ACH withdrawal requests made after 11 a.m. EST will be processed the following business day.

ACH transfers may take 1 - 3 business days, depending on your bank.

Wire Withdrawal ($25 domestic / $40 international)

To withdraw funds via wire, please print, complete and return the Letter of Authorization for Wires. Please note the following conditions regarding outgoing wires:

• Wire requests received after 11 a.m. EST will be processed the following business day and will be subject to the next day's settlement balances, which could result in delays due to overnight changes in your available cash.
• Please be sure that all information is correct before submitting your request. Charges will apply for wires returned as a result of inaccurate information. See Fees page for wire related fees.
• You may call our Customer Relations team at 1-800-597-8767 to verify that your request has been received.
• In order to process your request without delays, please ensure that the following items have been verified:
• The requested amount is available in settled funds. Please remember that all trades take 3 days to settle.
• The mailing information on your account is correct and up-to-date. If your account has returned mail, your request will not be processed.
• The account has not received a check deposit within the last 10 days. Funds deposited by check will not be available for immediate withdrawal for 10 days.
• The account has had recent trading activity. If you have deposited funds but have not traded, please provide a reason for withdrawing your funds.

IRA Distribution Request

Complete and return an IRA Distribution Request Form .

Once approved, your distribution will be sent by check to the mailing address on record. If you would like to wire the funds, please submit a Letter of Authorization for Wires along with your distribution request. Charges for wire requests will apply.
 

Stock Certificate Request

You may request certificates to be forwarded to your mailing address on record by submitting a Certificate Request Form.

Notes:

Requests for certificates held in client name will incur a $20.00 minimum processing and shipping fee.

Requests for certificates held in street name will incur a $20.00 minimum processing and shipping fee, plus transfer agent charges which could cost $100 or more. To determine what additional charges will apply, please email us at info@lowtrades.com.

Certificates will not be issued if the funds are not available in your account.

All checks must be made payable to our clearing firm, Legent Clearing LLC.

Account Transfer

Automated Customer Account Transfer (ACAT)

In order to transfer your Lowtrades account to another brokerage account, you must initiate the request by contacting the firm you are transferring to. Out-going account transfer fees will apply.

Transfers through DTC (Depository Trust Company)

Your may partially transfer your account to another brokerage firm by submitting a signed written request with the following information:

 Your Lowtrades Account Number
 Receiving Firm Name and Address
 Receiving Firm DTC / Clearing Number
 Your Account Number at the Receiving Firm

Notes:

Allow 3-5 business days for processing

Please be sure that funds are available in your account to cover charges.

All checks must be made payable to our clearing firm, Legent Clearing LLC

A charge of $30 per request will be incurred and deducted directly from your account provided at least one marketable security is retained in the account

If no marketable securities are retained then out-going account transfer fees will apply