Q. What Benefits does being a Member of Harmon Trading
provide?
A. Harmon benefits from the power of the many. Our
concept is use the benefit of group trading to give benefits to
each individual Member. The bigger and stronger our
Membership comes the more benefits are able to provide our
Members. Call us to see how we can benefit you.
Q. What do I need to do to start trading? / How long
does Membership take?
A. Have an online Partnership Agreement sent to you by clicking
here. Once your Member application
is approved, you will be sent wiring instructions on how to submit
your Member funds.
Membership acceptance takes less than 24 hours from the time of
your submission.
Once funded, you can start trading immediately.
Depending on how fast you fund your equity, you may be able to
begin trading the next day.
A. Traders deposit their Member capital into the Partnership Account.
Members are then given access to their funds via Direct Access
Platforms. The Direct Access Platforms allow members
to trade and chart US equities in real time.
The Partnership account is well funded so we are able to provide
benefits and bargain with firms that you would not receive
as an individual.
Members are able to track and view online all of their
trades and cash transactions
The Partnership also allows Canadian residents to have access to professional daytrading tools that they need trade the US markets.
Q. What safeguards are in place to protect my capital?
A. Members' capital is accounted for separately. Members
are only able to see their own transactions. While no
specific Members' capital is insured, the entire Partnership
account is insured up to $25 million through the clearing firm,
and an additional $500 thousand through the SIPC. No funds
are insured against trading losses.
A. Members have 4 to 1 margin daytrading buying power.
This margin may be used to trade in and out of stocks freely
throughout the trading day. You will also be able to hold
overnight positions up to two times your equity on marginable stocks
Q. Do I have to pay interest for the buying power I use?
A. No. An incidental benefit of trading with HTG, we do NOT charge for
the cost of capital (interest on your overnight positions).
The Partnership is well capitalized and overnight margin interest
has never been an issue. Trading rates
may be found at the following link: Trading Fees.
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Q. Are there any fees for joining HTG?
A. No. There are no fees for joining this Partnership.
Also, there are no recurring monthly fees to remain a member of HTG.
Q. Do you have access to OTCBB and Pink Sheet stocks?
A. Yes, we now have trading access to eight market makers
for OTCBB and Pink Sheet stocks. Also, there is now an
unlimited share per order cap on trades. This improvement
makes HTG ideal for small / microcap traders as well.
------------------------------------------------------------------------------------------------- Q. Can I trade from home?
A. Yes, you may trade from a home, office, or anywhere
you have internet access (high speed internet connection
recommended).
