Open Account - Securities
Welcome to Jaypee’s electronic registration system. Our accounts are geared towards professional traders and investors, and we require the following for all customers:
- Good or extensive product knowledge for any product you wish to trade.
- A minimum equity deposit in cash or stock of USD 5,000 (or USD equivalent) or USD 4,000 for IRA Accounts.
- US regulators require a minimum account value of USD 25,000 (or USD equivalent) at all times in order to day trade US stocks, US options and US Single Stock Futures.
Please contact us if you need further assistance with opening a securities account. We would be happy to help you with the application process.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What types of information will I need to provide?
When you open an account, we are required to collect information such as the following from you: your name, address, date of birth, Identification number (for US citizens, this identification number is your Social Security number or your employer identification number, and for non-US citizens, this identification number is your passport number, your alien-identification card number or government issued identification number). US Department of the Treasury, Securities and Exchange Commission, NASD, and New York Stock Exchange rules already require you to provide additional information, such as net worth, annual income, occupation, employment information, investment experience and objectives, and risk tolerance.