Broker Dealer - Go Independent with Broker WebStation

• How to start trading on-line/ Opening your account
• Depositing Funds or Securities to your account
• How does on-line trading work?
• Placing orders through Broker Webstation
• Buying and Selling Stocks
• Buying and Selling Options
• Buying and Selling Bonds
• Placing Phone Orders
• Entering Orders when the markets are closed
• Verifying the Order Status
• Changing an Order
• Canceling an Order
• Execution Notification

• Account Info
• Orders
• History

In order to trade on-line you must first open an account with us. Simply go to http://www.Brokerwebstation.com, click on the Open Account option from the Menu, and choose one of four ways available to open an account:

1. Apply Online -Fill out the on-line application form.

2. Download the applications: Download, print, and fill out the application forms needed for the particular type of account you are opening.

3. Apply by E-mail -Request for the application forms by sending us your name and address by e-mail (please include the type of account you wish to open and any other forms you may need IRA forms, Account Transfer Forms, etc. ) to: :
   f.otalvaro@brokerwebstation.com

Once we receive your forms we will begin processing your account. To avoid any delays, please make sure to send all signed original documentation pertaining to the type of account you wish to open as well as the signed customer agreement form. If you have any questions regarding forms required to open an account, call our offices at: (800) 843-3340 Ext 421 or (305) 266-9133 ext 421 Ext 421.

You need a minimum of $5,000.00 in cash or securities to open an account. Funds can be deposited by check, money order, wire transfer, or by ACAT form (for transfer of securities).

If you are initially depositing a check, make the check payable to U.S. Clearing..

There are several steps you need to follow if you would like to wire/transfer funds into your account:

1. Complete and mail (or fax) the new account application to us with a new account number. You may obtain a new account number by calling our new accounts department at (800) 843-3340 Ext 421 or (305) 266-9133 ext 421 Ext 421. Please note: It is important that you have a NEW ACCOUNT NUMBER BEFORE YOU WIRE THE FUNDS.

2. Once you have obtained your new account number and mailed (or faxed) the new account application form, complete the instructions for transferring funds. Indicate the US$ amount of the transfer, your name, and new account number on the lines provided and submit the form to your transferring agent (your bank, brokerage firm, etc.). For wire transfers within the US, allow 1-2 business days. Transfers coming in from outside the US, please allow 3-4 business days.

3. If you are opening an "All in One" Account, please make sure you complete and sign your Investor Money Management application form and send it together with all the other forms.

4. If you are transferring your account from another firm (whether it is an IRA, TRUST, 401K, etc.) please mail in the new account application, cash/margin agreement, ACAT form and attach a copy of your last account statement.

Once we have received all the necessary forms to open your account together with your check, wired funds, or ACAT form, our new accounts department will contact you and provide you with a user name and password to access your Broker Webstation account. For those who would like a personal demo, we will arrange an appointment to help you familiarize yourself with our system and walk you through the trading demonstration.

You have access to your Broker Webstation account 24 hrs. a day, 7 days a week. Your account is set up in the same way a bank account is set up with debits and credits. Funds available is what is available in your account. Buying power is the sum of funds that you can use to purchase securities (margin accounts).

When you buy and sell securities in your account, you will automatically be debited or credited accordingly. The new balance will not appear until the following business day. You may view the status of your current orders under "order status". You may view the positions in your account under "account holdings".

Confirmation of executed trades will be displayed in your "account mailbox news" and "order status". Confirmation statements will be sent directly to your address on the next business day following the trade date. Monthly statements will also be mailed out to you at the end of every month.

Whether you are a beginner, sophisticated investor, or a financial advisor Broker Webstation 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!

To place a trade over the Internet you must first access your account. Do this by clicking on the customer log on icon displayed on the home page. Once the customer log on page is displayed, enter your user ID and password (Advisors, Brokers, and Institutions click on Institutional Log on).

The first page that appears is the money line for your account. This page will provide you with basic information of the funds in your account, most importantly funds available and buying power (margin accounts). On the left menu, scroll down to Orders and select the type of order you wish to place; stocks, options, bonds, or mutual fund orders. An order ticket will appear.

How to access from the Broker Webstation Web site

1. Log into your account.
2. Click on the Bond Order Entry from the Menu.
3. Complete order ticket and carefully review it before placing the order.

Complete order ticket

Transaction: select whether you want to buy, sell, or short sell (only available for financial institutions) the security

Order Quantity: enter the number of shares.

Stock Symbol: enter the symbol of the stock you are purchasing or selling. If you are unsure of the stock symbol please contact our help desk at (800) 843-3340 Ext 421 or (305) 266-9133 ext 421 Ext 421.

Price: indicate whether this will be a:

• Market Order: To buy or sell a stock at the market's current best price
• Limit Order: To buy or sell the stated amount of a security at a specified price or at a better price.
• Stop Order: To buy at a price above or sell at a price below the current market.

Time in Forced: select the time in forced:

• Good for the day (DAY): Good throughout the day. Will be automatically canceled at the end of the day.
• Good until canceled (GTC): Good until you cancel or change the order.
• Execute at opening (OPG): Order will be executed at the next days opening.<

All or None: check this box if you do not want a partial execution of your order.

Check Order: click on this icon to review your order.

Place Order: once you have carefully reviewed your order, click on this icon to place your order.

Need Help?
For a complete list of terms and definitions, click on the Help button on the Stock Order Entry page.

1. Log into your account.
2. Click on the Option Order Entry from the Menu
3. Complete order ticket and carefully review it before placing the order.

Completing the order ticket

Transaction: select whether you want to buy, sell, or short sell (only available for financial institutions) the option.

Order Quantity: enter the number of contracts for the transaction.

Symbol: enter option symbol (three-letter option symbol for stock). If you are unsure of the stock symbol please contact our help desk at (800) 843-3340 Ext 421 or (305) 266-9133 ext 421 Ext 421.

Month: enter month of option expiration.

Strike Price: enter strike price.

Call/ Put: choose whether it is a call or put.

Open/ Close: enter if it is an opening or closing transaction.

Price: indicate whether this will be a:

• Market Order: To buy or sell at the market's current best price.
• Limit Order: To buy or sell at a specified price or at a better price.

Time in Forced: select the time in forced:

• Good for the day (DAY): Good throughout the day. Will be automatically canceled at the end of the day.
• Good until canceled (GTC): Good until you cancel or change the order.
• Execute at opening (OPG): Order will be executed at the next days opening.

All or None: check the "All in one" box if you do not want a partial execution of your order.

Check Order: click on this icon to review your order.

Place Order: once you have carefully reviewed your order, click on this icon to place your order.

Need Help?
For a complete list of terms and definitions, click on the Help button on the Option Order Entry page.

1. Log into your account.
2. Click on the Bond Order Entry from the Menu.
3. Complete order ticket and carefully review it before placing the order.

Complete order ticket

Transaction: select whether you want to buy, sell, or short sell (only available for financial institutions) the security.

Order Quantity: enter dollar value of fixed income security ($100M, $50M).

Bond Cusip: enter the cusip number of the bond you are purchasing. If you are unsure of the cusip number please contact our help desk at (800) 843-3340 Ext 421 or (305) 266-9133 ext 421 Ext 421.

Price: indicate whether this will be a:

• Market Order: To buy or sell at the market's current best price.
• Limit Order: To buy or sell at a specified price or at a better price

Time in Forced: select the time in forced:

• Good for the day (DAY): Good throughout the day. Will be automatically canceled at the end of the day.

• Good until canceled (GTC): Good until you cancel or change the order

• . Execute at opening (OPG): Order will be executed at the next days opening.

All or None: check box if you do not want a partial execution of your order.

Preview Order: click on the icon to review your order.

Place Order: once you have carefully reviewed your order, click on the icon to place our order.

Need Help?
For a complete list of terms and definitions, click on the Help button on the Bond Order Entry page.

Broker Webstation also gives you the option to place orders by phone through a live broker. To place your order call (800) 843-3340 Ext 421 or (305) 266-9133 ext 421 Ext 421. There is an $ 8.00 surcharge for orders placed through a live representative. The $ 8.00 surcharge does not apply in case you are having problems with placing the order through the system.

Broker Webstation accepts orders at any time. All the orders entered when the market is closed are queued for execution in the next day when the market opens.

Click on the Order Status option from the Menu.

A view containing the status of your intraday orders will appear on the right side of the 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 5 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 next day the market opens.

Click on the Order Status option from the Menu.

Go to the order that you want to change in the displayed table.

Click on the Change option.

Update and Review the information carefully, and then click on the Change Order Button to Change the Order. Changes for the opening must be placed by 9:15 AM. All orders (including the stocks that are in fast market, and orders at opening entered after 9:15 AM) are handled on a best effort basis.

The status of the order will first change to Attempt for Change, and then if the change was successful the status will change to Order Being Verified.

Click on the Order Status option from the Menu.

Go to the order that you want to change in the displayed table.

Click on the Cancel option.

The status of the order will first change to Attempt for Cancellation, and then if the cancellation was successful the status will change to Order Canceled Successfully.

You can confirm your trade has been executed two ways:

Click on the Order Status option from the Menu.

Go to the transaction you want to review.

If the trade was executed, the status will be Executed, and it will also display the execution price.

Click on the Mailbox option from the Menu.

There will be a message entry for each execution, cancellation, or any other important activity that took place in your account.

In addition, all customers are mailed a hard-copy confirmation of a trade execution within 24 hours. Monthly statements will also be mailed out to customers at the end of every month.

Money line
Money line consists of five sections that provide you with basic information about your account: Account Value, Balances, Cash Available, Buying Power, Margin Calls, and Money Market Fund Activity. Money line is based on the closing of previous day and is updated on a daily basis before 8:30 a.m. Intra-day executions are not reflected in the money line until the next opening.

Account Holdings
Account Holdings lists the holdings in your account as of yesterday's close. All positions in your account (stocks, options, bonds, mutual funds, etc.) are displayed here. For holdings that you own as a result of intra-day trades, please check the order status.

Unrealized stocks
Unrealized Stocks displays the unrealized profit and loss of your stock holdings based on the bid and ask of the stock. PNL is based on 15-minute delayed quotes. Real-time calculations are available at an extra charge. Please note that intra-day trades are not listed here. For holdings that you own as a result of intra-day trades, please check the order status.

Unrealized Options
Unrealized Options shows the unrealized profit and loss of your option holdings based on the bid and ask of the option. PNL is based on 15-minute delayed quotes. Real-time calculations are available at an extra charge. Please note that intra-day trades are not listed here. For holdings that you own as a result of intra-day trades, please check the order status.

Mailbox
Mailbox contains all the mail regarding your account. Executions, cancellations, news, etc. regarding intra-day orders is available here. Please do not use this mailbox as a legal confirmation of executions. A copy of confirmations for your records will be mailed out to you.

Realized Trades
Realized Trades calculates your realized profit/loss on closed transactions only. You can only obtain a realized profit and loss if you bought and sold the security (For short sellers: If you sold and bought the security). Profit/Loss is calculated after deducting the commissions. This screen is updated on a daily base.

Error file
Error File lists all transactions in your account that are partial executions, possible errors, transactions that are being canceled and rebilled, or pending transactions that have not been adjusted for realized or unrealized Profit/Loss. A canceled transaction in error file may appear more than once. If a trade appears in the error file for more than three business days please contact the customer service support desk at (800) 843-3340 Ext 421 or (305) 266-9133 ext 421 Ext 421.

Stock Order Enter
Stock Order Entry allows you to place a stock order.

Option Order Entry
Option Order Entry allows you to place an option order.

Bond Order
Bond Order entry allows you to place a bond order.

Order Status
Order Status contains the status of your intra-day orders. 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 5 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.

For orders that are being canceled the status changes to Order Being Canceled. This however does not indicate that the order has been canceled. Once the order has been successfully canceled, the order changes to Order Canceled Successfully.

If the status of any order being canceled during market hours remains Order Being Canceled for more than 5 minutes, please call our trading desk at (800) 843-3340 Ext 421 or (305) 266-9133 ext 421 Ext 421. For orders canceled after market hours the status will remain Order Being Canceled until the market opens.

Latest Trades
Latest Trades contains a list of all the trades executed, canceled, or rebilled on the previous business day. Latest trades are updated every day at the market opening.

All Account Activity
All Account Activity displays account activity that has taken place in your account. The activity is listed with the latest transaction first. This screen enables you to view all the recent account activity that has taken place in your account within the dates specified (inclusive). The activity can be filtered by using a keyword that may appear in the description field. The activity is listed in ascending order.

Credits
Credits displays the recent interest credited to the account. The activity is listed with the latest transaction first.

Debits
Debits displays the recent interest debited to the account. The activity is listed with the latest transaction first.

Trade Transactions
Trade Transactions displays the recent trade transactions which has taken place in your account. The transactions are listed with the latest transaction first.

Dividends
Dividends displays the recent dividends received in this account from the stocks that you own. The activity is listed with the latest transaction first

Checks
display the recent checking activity in your account. Checks received as marked as CHECK RECEIVED in the description field. The transactions are listed with the latest transaction first.

Credit Card
Credit Card displays the recent credit card activity in your PRO-CASH Account (includes charges and ATM transactions). The transactions are listed with the latest transaction first.