{"id":24395,"date":"2016-05-24T17:35:18","date_gmt":"2016-05-24T15:35:18","guid":{"rendered":"http:\/\/remotedaytradergroup.com\/en\/?page_id=24395"},"modified":"2016-06-06T13:10:45","modified_gmt":"2016-06-06T11:10:45","slug":"faq","status":"publish","type":"page","link":"https:\/\/remotedaytradergroup.com\/en\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"

Below, you will find most frequently asked questions concerning the cooperation with our company. \u00a0

<\/i> Opening trading account<\/h3>
How to open real account?<\/a><\/div>
Tt can be created by filling in the form that can be found in the \u201eReal account\u201d section of the website. After its sending, you will be contacted by our support in order to complete formalities. <\/div><\/div><\/div>
What do I need to open the account? <\/a><\/div>
The account is created after sending us your scanned ID and specifying basic account parameters. <\/div><\/div><\/div>
Who can open the account?<\/a><\/div>
The account can be opened by all the traders: both novice and highly experienced ones. <\/div><\/div><\/div>
I would like to open my own trading office. Can I take advantage of your offer to do so?<\/a><\/div>
We cooperate with both individual traders (the so-called remote traders) and trading offices employing a manager. If you represent a trading group or you would like to open your own trading office \u2013 do not hesitate to contact us. <\/div><\/div><\/div>
What formalities have to be taken care of to open the account?<\/a><\/div>
Initially, traders-to-be are required to fill in the \u201eFactual account\u201d form. Then, we require sending us the scanned ID. Basing on the specified account parameters and the provided documents, we create a cooperation agreement. After its signing, an individual trading account is opened. The account is activated after registering the performance bond transfer on the bank account of the company. Before the account activation procedure, traders choose preferred quotations. <\/div><\/div><\/div>
Are there any costs connected with opening the account?<\/a><\/div>
Account opening is free from charge. However, traders have to undertake the payment of commission costs, stock exchange fees (SEC, NSCC, NASD\/TAF) for realized transactions, as well as monthly platform exploitation and quotation costs. <\/div><\/div><\/div> \u00a0

<\/i> Opening demo account<\/h3>
How can a Demo account be created?<\/a><\/div>
It can be created by filling in the form that can be found in the \u201eDemo account\u201d section of the website. After its sending, you will be contacted by our support in order to complete formalities.<\/div><\/div><\/div>
Are there any costs connected with opening the demo account? <\/a><\/div>
The Demo account is free from any charges. <\/div><\/div><\/div>
How long is the Demo account active?<\/a><\/div>
The Demo account is active for the period of two weeks. <\/div><\/div><\/div> \u00a0

<\/i> Questions relating to costs<\/h3>
What are the costs connected with utilizing the platform and quotations?<\/a><\/div>
After opening the account, you will be obliged to undertake monthly payment for the platform and chosen quotation options. All the details can be found in the table. <\/div><\/div><\/div>
Do platform costs include quotation charges?<\/a><\/div>
No, they do not. Quotations are charged separately and independently from the platform costs. <\/div><\/div><\/div>
Are there any other costs?<\/a><\/div>
Trader has to bear the costs of: commission, ECN fee\/rebates (in accordance with official ECN rates) and SEC, NASD, as well as NSCC stock exchange fees. All the payments can be set up via the trading platform. After a trading session, all the transactions made together with key statistic are available in the report system. <\/div><\/div><\/div>
When are payments for quotations and platform exploitation are calculated? <\/a><\/div>
Payments for the platform and quotations are calculated every calendar months, after trading platform launching. Even singular activation of the platform is connected with adding full platform and quotation fees to user\u2019s balance. <\/div><\/div><\/div>
Commission rate \u2013 what is that?<\/a><\/div>
Commission rate is a charge for every traded share, for example 0.00075$ per share. In such a case, a trader pays the fee for every purchased\/sold share. There is no minimum. If you generate a high turnover, commission rate can be further negotiated. <\/div><\/div><\/div>
SEC fee \u2013 what is that?<\/a><\/div>
It is a fee to be paid to SEC (Securities and Exchange Commission). As of now, it is equal to $21.40 per every million dollars in turnover. It is calculated for every sale\/short sale. Current SEC fees can be found at: http:\/\/www.sec.gov\/News\/Page\/List\/Page\/1356125649507 <\/div><\/div><\/div>
TAF\/NASD fee \u2013 what is that?<\/a><\/div>
TAF \u2013 Trading Activity Fee \u2013 is a fee to be paid to FINRA. As of now, it is equal to $0.000119 per every action realized during the selling or short selling procedure. Current FINRA fees can be found at: http:\/\/www.finra.org\/Industry\/Regulation\/Notices\/2014\/index.htm <\/div><\/div><\/div>
NSCC fee \u2013 what is that?<\/a><\/div>
It is a fee to be paid to National Securities Clearing Corporation. There is no specified rate per action: the fee depends on the value of a transaction made and the value of a chosen company. For example, while trading 100 shares of a company worth 10$ \u2013 the cost is approximately 0.0021$ per 100 shares. While visiting the DTCC website, you can use a calculator that will help you specify the approximate amount to be paid:
\nhttp:\/\/www.dtcc.com\/forms\/clearing-fee-calculator.aspx<\/div><\/div><\/div> \u00a0

<\/i> Questions relating to performance bonds and money transfers<\/h3>
What is the value of a minimal performance bond?<\/a><\/div>
Performance bond for factual accounts is equal to 3000$ for specified account parameters and trading experience. <\/div><\/div><\/div>
How can I make a money transfer?<\/a><\/div>
After signing the agreement, a trader is provided with transfer data. <\/div><\/div><\/div>
How long does it take for a transfer to be registered on an account?<\/a><\/div>
Typically, it takes up to several working days. <\/div><\/div><\/div>
When will I receive the generated % of income?<\/a><\/div>
The company calculates the income monthly, so the income generated in May is calculated up to mid-June and the transfer is made at the end of June. <\/div><\/div><\/div> \u00a0

<\/i> Questions relating to the platform, quotations, and account parameters<\/h3>
How can I learn how to use the platform?<\/a><\/div>
All traders creating an account are provided with a manual Sterling Trader in Polish. What is more, manuals and video manuals concerning the platform utilization can be also found on its official website: www.sterlingtrader.com. You can also try opening a Demo account to familiarize yourself with the platform. <\/div><\/div><\/div>
Do you make customer support available?<\/a><\/div>
Yes, we do. Traders are granted direct access to the representatives of our company via emergency contact channels, as well as via e-mail and phone. Support is available in Polish and English. Details relating to this service are provided to every trader individually after signing the cooperation agreement. <\/div><\/div><\/div>
Can I make changes in quotations? <\/a><\/div>
Yes, you can. Changes are made during a particular calendar month and are introduced within 24 hours (typically, the operation takes up to 1 hour) in the case of adding new quotations and starting from a new month for removing quotations. Quotation fees are calculated for the entire calendar month. <\/div><\/div><\/div>
Can I change such account parameters as: stop loss, max. share amount, and buying power?<\/a><\/div>
Yes, you can introduce such changes. However, they have to be prior accepted by the Risk Department. Changes made are typically implemented within 1 hour. <\/div><\/div><\/div>
What quotations to choose?<\/a><\/div>
Minimally, (to be able to access stock exchanges and charts), you should order the following: NASDAQ level 1, NYSE level 1, and AMEX. Differences in other quotations may be presented to interested traders. <\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

Below, you will find most frequently asked questions concerning the cooperation with our company. \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\n\n\t\n\t\n\t\n