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.