1. What type of account should I open?
Normally, you may want to open either a Cash account or a Margin Account
(please see below). In a Cash Account, you must have 100% of cleared funds
in the account before your order can be accepted. Your purchased amount
cannot exceed the value of your cleared funds available. Also, we offer
IRAs, Roth IRAs, Education IRAs, Trust Accounts, Keogh Plan ( a
tax-deferred program for small business owners), 401(k), 403(b) and
others. Ask our brokers for more information.
2. What is a Margin account, and can I
open one?
A Margin account is one in which you can increase your trading/buying
power by borrowing "on margin." However, a margin account involves a much
higher degree of risk than a Cash Account. The borrowed funds will incur
interest expense. For a detailed explanation of margin trading, please go
to the NASD websites for more information and refer to the Margin
Agreement Form.
3. What kind of help would I get?
We offer the best of both world : Low Cost and High Services. You will
have your personal SEC/NASD registered broker who know your first name.
Many customers say that our services are very friendly and helpful. We
like you to tell us how we do!
4. What is the minimum amount of money I
need to open an account?
$99 can get your account opened. Of course, you are free to make larger
deposit as necessary.
5. How much is my account insured for?
Each account is protected for up to 25 million dollars of which $500,000
is covered with SIPC ($100,000 cash, the rest for securities). The
additional $24.5 million is underwritten by an independent insurance
company. However, this coverage does not insure losses due to market
fluctuations. All investments do involve risks. Be sure that you are
financially suitable for the types of trading and investigate before
investing.
6. Will I be earning interest on the
credit balance in my account?
Yes. We pay very competitive money-market rates on your cash waiting to be
invested. Our rate are usually better than those offered by most banks.
Rates are subject to change and are computed monthly based on the average
daily closing balance.
7. How can I wire transfer money to my
account from my bank?
Present the following wire transfer instruction to your bank: Wire
transfer to:
JP Morgan Chase Bank, NYC
ABA #: 021000021
F/A: Penson Financial Services
A/C #: 0666-00030
FFC: Your account number with Fortunetrader.com
And the amount to be wire transferred.
8. How can I mail a check for deposit
into my account?
Please make your checks payable to Penson Financial Services, Inc. and
mail to:
Corporate Investments Group, Inc.
1131 West Argyle Street
Chicago, IL 60640 USA
9. How can I transfer my account from
another brokerage firm to Fortune Trader?
Just complete and sign an
account
transfer form. Please include your most recent monthly statement and
mail with all other applicable forms to:
Corporate Investments Group, Inc.
1131 West Argyle Street
Chicago, IL 60640 USA
10. How can I withdraw money from my
account or close my account? Your investment account actually includes
a checking account. Just write yourself a check or call or fax your
request to our office for immediate attention and clear funds will
normally be sent out within in one business day.
11. How long has CIG been in business?
Corporate Investments Group, Inc. was established in 1995 in Chicago and
has been one of the well-respected investment/trading boutique firm in the
Chicago Area. We currently have 11 experienced registered financial
advisors/ registered securities traders and one Chartered Market Technical
Analyst [III] on our team. Besides the popular stocks or mutual
funds, we focus on special investment situations with uncommon potentials.
12. How do I know what my
investments are doing?
As a client, you will received paper statements and trading confirmations
in the mails. Also, 24-hour online access is available for every clients.
More importantly, you will hear from us from time to time, regardless of
account asset size.
Thank you for trusting us.
Disclaimer : The information provided in this FAQ
section is for informational purposes only. Its language is developed for
a simplified understanding of the issues. Please refer to the NASD web
site for all legal definitions.
