Accounts

We offer a variety of brokerage accounts to meet your investment and lifestyle needs. Determine your right fit, below.

Open an Account

Opening an account is easy with TradingBlock

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1. Determine Account Type

Review Accounts
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2. Submit An Application

Apply Now
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3. Fund your Account

How to Send Funds

Individual Accounts

An individual account is a standard brokerage account with only one owner, and can be set up as a cash or margin account and be entitled to trade options.

Individual Retirement Accounts (IRAs)

Retirement accounts offer different ways you can invest with tax-deferred benefits. An IRA can be entitled as a cash or limited (non-leveraged) margin account. Limited margin is required for trading option spreads or cash-secured puts in an IRA.

Traditional IRA
A traditional IRA is a tax-deferred retirement account. You pay taxes on your money only when you make withdrawals in retirement.

Roth IRA
A Roth IRA allows your money to grow tax-free. Roth accounts are funded with after-tax dollars, meaning you've already paid taxes on the money you put into it. In return for no up-front tax break, your money grows and grows tax free. When you withdraw at retirement, you pay no taxes.

Rollover IRA
A Rollover IRA is an account that allows you to move funds from your old employer-sponsored retirement plan into an IRA. With an IRA rollover, you can preserve the tax-deferred status of your retirement assets without paying taxes or early withdrawal penalties at the time of transfer.

SEP IRA (Simplified Employee Pension)
SEP IRAs are used by business owners to provide retirement benefits for themselves and their employees.

Simple IRA (Savings Incentive Match Plan for Employees)
A SIMPLE IRA is a type of tax-deferred employer-provided retirement plan that allows employees to set aside money and invest it to grow for retirement.

Beneficiary IRA
Also known an as "Inherited IRA", this type of account is opened when an individual opens an IRA or an employer-sponsored retirement plan after the original owner dies. Additional contributions are not allowed, and specific tax laws apply regarding distributions.

Coverdell IRA
A tax-advantaged investment account to help cover education expenses, including tuition, books and related expenses. Distributions are limited to same-year expenses only.

Joint Accounts

TradingBlock offers four joint account types. Review the descriptions below to find the type suited for your needs. Each joint account type can be set up as a cash or margin account and be entitled to trade options.

Joint Tenants with Rights of Survivorship (JTWROS)
A JTWROS account has two or more account owners, with each person having an undivided interest in the entire property.

Tenants in Common
A Tenants in Common account has two or more account owners with each person owning a specified percentage of the entire property.

Community Property
A Community Property account is owned by two married people who acquired property during the marriage (with exceptions). Community Property is based on the theory that each spouse has equal interest in the property acquired by the efforts of either of them during the marriage. Non-resident aliens are not eligible for this type of account.

Tenants by the Entirety
A Tenants by the Entirety account is owned by two married people. Non-resident aliens are not eligible for this type of account.

Custodial Accounts

Custodial accounts are created by a custodian (typically a parent or relative) for the benefit of a minor.

Custodial Uniform Gift to Minors Act (UGMA)
An UGMA account allows assets such as securities, in which the donor has given up all possession and control, to be held in the custodian's name for the benefit of the minor without an attorney needing to set up a special trust fund.

Specialty and Entity Accounts

TradingBlock offers personal and business trust accounts as well as various corporate acccounts (for LLCs, C- and S-corps, partnerships). Please note each account type has different document requirements and proof of beneficial owners. Each account type can be set up as a cash or margin account and be entitled to trade options.

Trust (personal or business)
A Trust account allows a third party (trustee) to hold assets on behalf of one or more beneficiaries. Assets transfer according to the terms of the trust, and generally to avoid probate. A copy of the trust agreement is required to open the account.

Limited Partnership
A Limited Partnership (LP) account is established by two or more individuals who carry on a business for profit. At least one partner bears unlimited liability, and additional partners are liable only to the extent of their investment.

Partnership
A Partnership account is established by an association of two or more persons who have an established partnership agreement to carry on, as co-owners, a business for profit. The accounts are not subject to taxation. Instead, the taxes flow through to the individual partners and are reported on their personal income tax returns.

Limited Liability Company
A Limited Liability account offers some of the most popular benefits of partnership and corporate accounts. It offers the pass through tax status of the partnerships, and the limited personal liability of corporations. The liability of the company and its owners is limited to their investment.

Sole Proprietorship
A Sole Proprietorship account is available for a business which is unincorporated and has only one owner. Either a business tax ID or your personal tax ID can be used for applying for this account type. The entity account holder must be the owner of the business.

Corporate (profit or non-profit)
A corporate form of registration is available for an entity that has been incorporated pursuant to state law. The entity account manager must be a corporate officer or designated employee and must certify that he or she has the authority to act alone on behalf of the corporation with regard to this account.
Account funding and transfers
Dashboards

Log in to TradingBlock.com and use the Cash Transfers block to link bank account(s) to your TradingBlock brokerage account and to electronically initiate no-fee deposits and withdrawals.

Cash Transfers also provides guidance on how to initiate transfers by check or wire as well (fees may apply).

Order status and history
Dashboards

From the Activity block, you can review status of today's orders. Use the calendar feature to view all trade activity within a custom-defined timeframe.

Statements, confirms, and tax documents
Dashboards

Log in to TradingBlock.com, click the menu in the upper right hand corner to download monthly account statements or individual trade confirms.

You can also access the TradingBlock Tax Center to download annual tax documents regarding activity in your brokerage account.

Open an account today.

Account FAQs

How is my account protected?

TradingBlock is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000.00 (including a maximum of $250,000 for cash claims).

In addition, TradingBlock's clearing firm, Apex Clearing Corporation holds Excess SIPC Insurance coverage of $150 million in the aggregate, subject to maximum limits of $37.5 million for any one customer's securities, and $900,000 per customer in respect to cash.

Additional information regarding SIPC is available by visiting www.sipc.org.

How does TradingBlock protect my personal and account information?

TradingBlock is dedicated to protecting your personal account information. To this effect we have instituted the following security measures:

- Login Security: Encrypted identification and ID verification process.
- Network Security: Sophisticated firewalls, limited access.
- Site & Communications: Encrypted data, secured account access.

I forgot my account login credentials. What do I do?

Don't panic. Simply go to the login page and click the Forgot Password link. An email will be sent to the email address currently on file for your account. Follow the instructions in the email to complete the verification and change process. Please contact our Customer Service desk if you require assistance.

How can I change my password?

- Log in to your TradingBlock account using your current credentials.
- Go to the Account Management block.
- Click "Update Password".
- Enter the requested information in the dialogue window and click "Submit".

Does TradingBlock have any account minimums?

Cash Accounts: TradingBlock has no minimum balance for cash accounts (qualified and non-qualified) that remain active within the past 12 months. Note: Accounts deemed inactive with balances of less than $100 are subject to inactivity fees or closure.

Margin Accounts: $2,000 minimum balance required to open and maintain a margin account.

What are TradingBlock's margin policies?

TradingBlock maintains exchange-minimum margin requirements (Reg-T margin accounts). To review margin policies relative to a specific strategy, click here.

How soon can I start trading?

Immediately upon account funding. Use the Cash Transfers block to link your bank account and initiate deposits and withdrawals.