Funding Information
FUNDING
Please note the following minimum funding requirements for new accounts:
- $25,000 if using the PHD Trader platform
- $10,000 if using the PHD WebTrader platform
- $175,000 for a Portfolio Margin Account
For existing accounts, a list of our minimum balance requirements can be found here
FUNDING YOUR ACCOUNT:
- New customers can begin trading 24 hours after the account is funded by wire.
- Accounts initially funded by check or ACH are subject to a 5 business day hold.
- We do not accept third-party checks or wires.
INCOMING ACH TRANSFER
- With your new account login credentials, you will be able to establish a new ACH link with your bank account and make an ACH transfer.
- New ACH links can be set up by logging into secure.PHDTT.com/secure/, going to my account, and then clicking on “Fund Transfers” link. ACH links and transfer requests must be initiated through secure.PHDTT.com/secure/. Links and transactions initiated through other financial institutions will not be accepted.
- There is no charge for ACH transfers.
- Once the ACH link is confirmed, ACH transfers take only two business days to complete.
DOMESTIC WIRE TRANSFERS
Bank Name:
Bank of America
Bank Address:
1234 S Street, Best City, TX. 77345
ABA / Routing #:
1234567
Beneficiary:
ETC
Beneficiary Account:
1234567
For Further Credit to (FFC):
Client Name & Account Number
INTERNATIONAL WIRE TRANSFERS
Bank Name:
The Bank of Dean
Bank Address:
1234 S Street, Best City, TX. 77345
SWIFT Code:
IENHSD3B
Beneficiary:
ETC
Beneficiary Account Number:
123445657
Additional Details:
FBO WS Account Name & Account Number
Check Deposits:
[Cashier’s Checks and 3rd Party Checks not permitted]
Make Checks Payable to: ETC
Mail to: PHD Trading Technologies, Attn: New Accounts
23854 US-59
Kingwood, TX 77339
DTC Instructions: #0000?
OCC: #0000?
WITHDRAWAL
OUTGOING ACH TRANSFER
- There is no charge for ACH transfers.
- ACH transfers take only two business days to complete.
- Withdrawal requests received by 2:30PM EST are processed same business day.
- To establish a new ACH link with your bank account or make an ACH transfer, log onto secure.PHDTT.com/secure/ and click the “Transfer Funds” link.
OUTGOING WIRE TRANSFER
- Have funds sent directly to your bank account via wire.
- Wires are usually received by the bank on the same business day.
- $20 fee for domestic wires and a $50 fee for international wires.
OUTGOING CHECK
- Have a check mailed to address of record.
- Processed same business day and take 3 to 5 business days to reach the customer.
- No fee for a normal check request.