FAQs

Account Opening

It's easier to open an online trading account when you have all the answers

We make it hassle-free, fast, and simple to open your online trading account at Lumentrades. Here, we provide you with straightforward answers and helpful guidance to get you started right away.

The minimum amount to keep an account open is $100. The minimum amount needed to trade is $1,999 or greater, and certain margin requirement must be maintained. a $10,000 deposit is required to be considered for margin and options privileges, regardless of any promotional offer.

Opening an account online is the fastest way to open and fund an account. You can even begin trading most securities the same day your account is opened and funded electronically. You may also speak with a New Client consultant at +1 (503) 455-5197. We're here 24 hours a day, 7 days a week.

Lumentrades offers a comprehensive and diverse selection of investment products. You can trade stocks, mutual funds, ETFs, Cryptocurrency, forex, and bonds and CDs in a standard account.

Yes. As you're completing the Account Application, We'll review the information, and if appropriate, extend margin and/or options privileges to your account. Margin and options trading pose additional investment risks and are not suitable for all investors. In addition, certain account types may not be eligible for margin, options, or advanced options trading privileges.

Yes. Lumentrades pays interest on eligible free credit balances in your account. Simple interest is calculated on the entire daily balance and is credited to your account monthly. This service is subject to the current Lumentrades rates and policies, which may change without notice.

Funds typically post to your account 1-2 days after we receive your check or electronic deposit. Once the funds post, you can trade most securities.

Electronic deposits can take another 3-4 business days to clear; checks can take 5-6 business days.

Until your deposit clears, we restrict withdrawals and trading of some securities based on market risk. This includes—but isn’t limited to—options and most stocks priced under $5 per share.

All electronic deposits are subject to review and may be restricted for 60 days.

We believe in fair, straightforward pricing and for you that means flat-rate $0.50 commissions on every Internet equity trade, regardless of account balance or how many shares you buy; however, you won't be charged any platform, inactivity, or market data fees. Please review our Commission and Fees for complete details.

If you lose cash or securities from your account due to unauthorized activity, we'll reimburse you for the cash or shares of securities you lost. We offer you this protection, which adds to the provisions that already govern your account, in case unauthorized activity ever occurs and it was through no fault of your own.

Lumentrades is a member of the Securities Investor Protection Corporation ("SIPC"), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure is available on request at www.sipc.com.

Additionally, Lumentrades provides each client $149.5 million worth of protection for securities and $2 million of protection for cash through supplemental coverage provided by London insurers. In the event of a brokerage insolvency, a client may receive amounts due from the trustee in bankruptcy and then SIPC. Supplemental coverage is paid out after the trustee and SIPC payouts and under such coverage each client is limited to a combined return of $152 million from a trustee, SIPC and London insurers. The Lumentrades supplemental coverage has an aggregate limit of $500 million over all customers. This policy provides coverage following brokerage insolvency and does protect against loss in market value of securities which is only available to customers who participate in our insurance premium.

Yes. Over-the-counter bulletin board (OTCBB) , pink sheets, and penny stocks can be bought and sold via the web, or with a broker for the same flat, straightforward pricing that you get with other types of trades. Before placing an order for OTCBB security, please review the OTCBB Securities Trading Rules. You should also take the time to carefully research the company and examine your investment objectives.

Other Questions

The answers on most common questions are described below.

Our strategy is based on a long-term disciplined approach to investing. After reviewing your profile and completing the client interview process, we can develop a portfolio and asset allocation strategy to meet your individual needs and tolerance for risk. We use tactical asset allocation in our ongoing management of your portfolio.

You request a withdrawal from your dashboard and it will be processed within 3 working days before being deposited into your bank account

Yes, clients pay a one-time account set up fee and quarterly management fee based on a percentage of assets under management. The complete fee schedule is shown in our Investment Advisory Agreement.

There is never any obligation to stay with our program. So in the unlikely event that you are not completely satisfied, you may terminate the relationship at any time by notifying us immediately.