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Regal's online account opening process is quick and easy. Open an individual, joint, or retirement account online and trade today!
Domestic Accounts
There is no minimum investment for domestic accounts.
International Accounts
Regal Discount Securities requires a low minimum initial requirement to open an International account. We accept unsolicited accounts from non-U.S. residents from the following countries: Austria, Australia, China, Germany, Ireland, Luxembourg, Mexico, Netherlands, New Zealand, Singapore, South Africa, Switzerland and the United Kingdom (England, Northern Ireland, Scotland and Wales). Cash accounts can be opened with a minimum of $5,000.00 in any combination of US Dollars and/or US/foreign exchange traded securities. Some foreign securities may be ineligible. Cash accounts may only be approved to write covered calls and/or buy calls and puts. Please call 1-847-375-6080 for more information.
International Margin and Spread trading accounts require an additional security deposit of $5,000.00 that will be held in your account separately from the funds you will be using for trading and will not count towards your buying power or equity figures. The funds will be reflected in your monthly statements. Margin is required in order to be approved for spread trading. For International accounts that wish to trade uncovered puts, the security deposit will be an additional $10,000.00.
International Clients may wire funds or may choose to transfer funds from a US based brokerage firm. Foreign stocks can be held and sold, and, Regal Discount Securities can purchase some, but not all, foreign securities. All Regal Discount Securities accounts deal in US dollars and are only based on cleared funds. Receipt of a wire transfer from a US affiliated bank constitutes “cleared funds”.
IMPORTANT INSTRUCTIONS: International applicants are required to complete and submit an original W-8BEN form, Foreign Account Questionnaire and provide a clear copy of their non-expired passport for identification. In addition, they are required to provide a clear copy of their current bank statement or utility bill to confirm the name and address on the account application.
Please mail the original documents along with the account application to:
Regal Discount Securities
Attn: New Accounts Dept.
950 Milwaukee Ave. Ste. 102
Glenview, IL 60025
Important Note for International Accounts: To ensure prompt and efficient service we encourage our international clients to contact us via E-mail: service@eregal.com.
How to Fund Your Account
Accounts may be funded by check, ACH, wire transfer, stock certificate, or by transferring an account to Regal.
Select your preferred method.
- Check
- Electronic Transfer (ACH)
- Wire Transfer
- Stock Certificate
- Account Transfer
- Money orders, third party checks, credit card checks, home equity line checks and starter checks are not accepted.
- Make all checks payable to Penson Financial Services, Inc.
- Mail checks to Regal Discount Securities, Attn: Customer Service, 950 Milwaukee Ave., Ste. 102, Glenview, IL 60025.
- IRA contributions made by check require an IRA Deposit Slip.
- All checks, including certified and cashier's checks require a minimum of 3 business days to become available for investing.
- Cashier's checks must have the remitter's name electronically printed directly on the check by the issuing bank.
Set up incoming or outgoing electronic funds transfer (ACH) between bank and brokerage accounts, including automatic contributions to your IRA. Transfers can be made on demand or on a recurring basis.
Check, wire and incoming/outgoing ACH requests may be placed online after logging into your account. Requests placed prior to 2:00 PM EST will be processed the same business day. Requests for overnight delivery incur a $20.00 charge.
ACH deposits are not instantaneous and can take 1-3 days to post to your account. Additionally, ACH deposits will be held for 3 business days if the amount exceeds the equity in your account. If you want to trade immediately, we suggest funding your account via wire transfer. Call 1-800-927-3425 for assistance.
- The daily limit for an incoming ACH transfer is $10,000 and $50,000 for an outgoing ACH transfer.
- Same to same outgoing wire requests are limited to $50,000 per day.
- Wire requests over $50,000 are not available for online processing and require a notarized Wire Request Form. IRA distribution requests require an IRA Distribution Form.
- We do not allow third party disbursements.
To utilize ACH, you must complete and return an Authorization for Electronic Transfer form, including a voided check or bank letter. From receipt of your ACH authorization, activation may take up to 10 business days. Mail to:
Regal Discount Securities
Attn: Customer Service
950 Milwaukee Ave., Ste. 102
Glenview, IL 60025.
Payroll Direct Deposit
Submit a voided check to your employer along with your completed Direct Deposit form. The Direct Deposit Form must be mailed to:
Reich & Tang Funds
Attn: Client Interface Dept.
1411 Broadway, 28th Floor
New York, NY 10018-3450
If you need assistance call 1-800-433-1918.
Wires must be sent to same-titled accounts. No third party wires may be processed.
Domestic JP Morgan Chase Bank International Chase Manhattan Bank, NYC |
JP Morgan Chase Bank 270 Park Avenue Chase Manhattan Bank270 Park Avenue Penson Financial Services1700 Pacific Avenue |
Wire Transfer Rebate for New Accounts
If you are funding a new account, wire transfers of $10,000 or more will be reimbursed wire transfer fees up to $30. More information
Stock Certificate
To endorse stock certificates over to Regal:
- On the back of the stock certificate, enter Penson Financial Services, Inc. as the attorney to transfer the stock.
- Each person registered on the stock certificate must sign the back exactly as printed on the front, including initials, suffix, etc.
- Date the certificate.
If you have any questions regarding stock certificates, please call customer service at 1-800-927-3425.
Transfer an existing account from another brokerage firm.
Full, automated customer account transfers (ACAT), will typically take 7 to 10 business days. A non-ACAT (partial transfer) or manual transfer may take up to 3 weeks to complete.
Depositing Funds and Securities
Funds and securities are required in advance. Sufficient buying power or cleared funds are required before any buy order can be accepted. Cleared securities must be in your account before any sell order will be accepted.
Account processing will occur within one (1) business day after receipt of account paperwork. Once your account has been approved, cleared funds are required to begin trading. All checks including certified and cashier’s checks require three (3) business days before the funds are available for investing.
© Copyright 1998-2012 Regal Discount Securities, a division of Regal Securities, Inc. Member FINRA/SIPC
The information on this web site is for discussion and information purposes only. All accounts accepted at the discretion of Regal which accepts customer orders only on an unsolicited basis, and does not make any recommendations regarding any security or securities product with the possible exception of orders executed by our full service bond desk. Nothing contained herein should be considered as an offer to buy or sell any security or securities product. Online trading has inherent risks due to loss of online services or delays from system performance, risk parameters, market conditions, and erroneous or unavailable market data.