|
Why Broker Webstation?
Whether you
are a beginner, sophisticated investor, registered representative,
or financial advisor,Broker Webstation through
its association with the WallStreet*E broker dealer, will
empower you to become your own stock broker, offering you
direct access to information that will allow you to formulate,
monitor, and directly execute your own strategies over the
Internet or by phone. Broker Webstation's technical support
staff must provide a high level of personalized service
that pure discount brokers cannot match at a price that
full service brokers cannot touch.
- Low commissions
- Ease of
use
- Real time
quotes
- Option
trading
- Research
tools
- News
- Clearing
services for Investment Advisors & Institutions
- Clearing
Services for On-line Brokers
What
securities can I trade with Broker
Webstation?
You can trade
listed stocks, unlisted stocks, options, mutual funds, bonds,
and GNMA's.
How
do I open an Account?
There are four ways to request
an Application form:
1. You may fill
out an on-line application form .
2. You may submit your name and address
by e-mail to :
new
accounts@brokerwebstation.com
3. You may submit
your name and address and
we will send all
the necessary applications by regular mail.
4. Download the applications available
in PDF format at:
Broker
WebStation Online Application Forms
How
do I deposit cash into my Account?
When depositing
checks into your account, be sure to write your Broker
Webstation account number on your check. Please note
Broker WebStation does not accept money orders,
cashier's checks under $10,000, third party checks, corporate
checks in documentation, credit/charge cards and their associated
checks, or any checks drawn from Broker Webstation
checking accounts. Make checks payable to U.S. Clearing.
You can make
deposits into your account by sending a check via U.S.Mail,
certified mail, or overnight mail. Funds deposited by check
will be restricted for 7 working days after receipt of he
check (10 business days for accounts opened less than 30
days.)
How
do I deposit security certificates
into my Account?
1. Print
your Broker Webstation account number in the
upper right-hand corner on the front and back of each
certificate.
2. Date
and sign the back of each certificate(s).
3. Use overnight
mail or certified mail to mail your certificate(s).
How
long does it take to transfer an existing
account to Broker Webstation?
If you wire
transfer cash from an already existing account the transfer
usually takes 1 business day. If you deposit a check,the
clearing and approval takes up to 10 business days. Security
transfers may take up to 14 business days.
Is
the Broker Webstation Account like a regular bank account?
Broker
Webstation offers the
"ALL IN ONE" bank account. With a minimum deposit
of $5,000.00 this account is available for individual accounts,
joint accounts, and corporate accounts. With a user name
and password you have access to your account transactions
(debits, credits, changes, securities purchased and sold,
etc.) 24 hours a day 7 days a week. All non invested funds/
cash balance in your account, automatically earn interest
(currently 4.625 %).You also have the options to have your
money swept into a Money Market Portfolios.
How
secure is my Account?
Accounts you
open in addition to the funds you deposit at Broker
Webstation
remain exclusively in your name under the custody of
Ridge Clearing, one of the largest companies in the U.S.
offering custody of financial services and clearing to financial
institutions such as ours.
What
is the difference between a cash
and margin account?
With
a margin
account, you do not need one hundred percent of
the purchase price deposited in your account in order to
purchase a stock. Stock that you already own can be used
as collateral to purchase additional stock or even for a
personal loan. In a cash account you can only purchase securities
with cash from your account at the full purchase
price.
How
do I follow a trade I've just
placed?
You can follow
the status of an order in the order status
menu. Once you place an order the status becomes
order being verified. Thereafter it changes to order
being processed. Once the order is executed the status
changes to Executed. If the status of any
order placed during market hours remains order being
verified for more than 10 minutes, please call our trading
desk at (800) 843-3340 Ext 421 or (305) 266-9133 ext 421 Ext 421. For orders placed after market
hours the status will remain order being verified
until the market opens.
Do
I earn interest on my Account?
Yes, all your
idle cash is "spread" into one of three types
of money market accounts.
|
Contact
Info.
