Deposit a Check
Make a check payable to Firstrade Securities.
All checks must be made payable in U.S. dollars and payable through a U.S. bank.Write your account number on the check.
Mail check to:
Firstrade Securities Inc.
30-50 Whitestone Expwy.
Ste. A301
Flushing, NY 11354
Check Deposit for IRA Contribution
Make a check payable to Firstrade Securities.
All checks must be made payable in U.S. dollars and payable through a U.S. bank.Write your account number and indicate the IRA contribution tax year on the memo section of the check.
If you are making contribution to a rollover IRA, please also mail a copy of the most recent account statement from the institution you are transferring from.
Mail to:
Firstrade Securities Inc.
30-50 Whitestone Expwy.
Ste. A301
Flushing, NY 11354
Acceptable Deposits
Personal checks drawn from personal checking accounts titled exactly the same as the Firstrade account you are funding.
Checks from joint checking accounts may be deposited into either checking account holders brokerage account.
Checks from an individual checking account of either joint brokerage account holder may be deposited into that joint brokerage account.
Bank, Teller, or Cashiers checks made payable to Firstrade Securities (as long as the remitters name is the same as that of the account title at Firstrade).
Checks from investment club accounts should be drawn from a checking account in the name of the investment club. If a member of the investment club remits a personal check, the check must be payable to: "Firstrade Securities FBO [investment club name]."
Unacceptable Deposits
Third party checks drawn from a checking account other than the brokerage account holder(s) or made payable to the brokerage account holder and endorsed over to Firstrade Securities.
Double-endorsed checks (checks with more than one signature on the back).
Personal checks deposited into a corporate brokerage account and vice-versa.
Money orders.
Any foreign instruments (checks, travelers checks, drafts, etc.).
Stale-dated checks (over three months old).
Checks which appear altered in any way.
Coin or currency.
Unacceptable deposits cannot be credited to your account and will be returned.
Note: These are only guidelines; other situations may arise when a remittance is deemed acceptable or unacceptable.