How to Apply
To apply for a trading account, please complete the online form below. When finished, click the ‘SUBMIT FORM’ button to return to us for processing. New accounts are normally activated and online within 24 hours. Please read our Risk Disclaimer.
In consideration of Phillips Equity acting as broker and accepting one or more accounts to trade stocks, equities, bonds, commodities, futures, options on futures, currencies, over-the-counter or other market/exchange financial products for the undersigned (“Customer”), it is agreed with respect to all accounts, whether upon margin or otherwise, which the Customer now has or may at any future time have with Phillips Equity, including accounts from time to time closed and then re-opened.
Phillips Equity Advisors is your Introducing Broker. Phillips Equity Advisors will introduce your account, as necessary, to a clearing firm of mutual choosing. We are responsible for accepting Customer’s orders and executing transactions, for receipt, delivery and protection of Customer’s funds and property and for maintaining books and records concerning Customer’s account. As Customer’s Introducing Broker, Phillips Equity Advisors is responsible for opening and servicing Customer’s account, communicating with Customer on all matters concerning Customer’s account and in some cases accepting and transmitting orders for Customer’s account.
Commission and Fees
Customer agrees to pay a commission, as applicable, to cover services and risk in servicing Customer’s account.
The commission amount that a Customer pays will be determined and negotiated between Phillips Equity Advisors and Customer, and will reflect the amount of personalized service and management that Customer may need or be provided with as well as the risk associated with Customer’s account/accounts. From time to time, commissions may be re-evaluated or re-negotiated, but not without Customer’s prior notification of said change.