Accounts can be funded with as little as $500 for 1 to 1 leverage,
$500 to $2499 for 4 to 1 leverage and $2500+ for 6 to 1 leverage.To
read more about account leverage,
please click here
How can I fund my account?
Funding of accounts are made by Cryptocurrency. We currently do not
allow for alternative options such as paypal, debit or credit card
funding. Please note Third Party Funding is not accepted.
Do I need funds in my account to select my trading software?
Accounts must have a minimum balance of $200.
Are accounts accepted from the US?
Can you use the platform on Mac OSX?
Yes, Hilltopfxtrade can be used on a Mac via Google Chrome and or
Mozilla FireFox.
How does Hilltopfxtrade profit from free limit orders?
The Hilltopfxtrade smart router will route the non-matched orders to
market centers that provide payment for order flow or rebates. These
market centers include ARCA, EDGX, BATS, NSDQ and others.
Does Hilltopfxtrade pay dividends?
No, we do not pay cash dividends. Accounts that hold securities
short on ex-dividend date will be charged the dividend.
How are clients able to see what stocks are shortable?
The short list is imported daily into the trading platform. If the
stock permissioned to be shorted the platform will show a green S
next to the symbol box.
How is the short list?
The short list is extensive and derived from multiple pools of easy
to borrow lists, including Vision and Convergex. Hard to borrow
shares can also be located for a fee.
What are the short locate fees?
The fees are quoted per share. The rate is determined by the
difficulty to borrow the stock on that day.
May an executing broker-dealer re-apply a locate for intra-day
buy-to-cover trades?
A locate for a security may be re-applied for an intra-day
buy-to-cover trade in the following scenario:
Prior to a customer’s short sale of 100 shares of XYZ stock,
the executing broker-dealer obtains an appropriate locate for the
securities. The short sale is then executed. Subsequently that day,
the broker-dealer purchases 100 shares of XYZ stock for the
customer, and the customer’s net trading position is flat. If
the customer wants to then sell short another 100 shares of XYZ
stock in the same trading day, the executing broker-dealer may apply
the original locate to that sale, provided that such subsequent
short sale is for an amount of securities that is no greater than
the amount of securities obtained in the original locate, and
provided further that the source of the located shares indicates
that the original locate is good for the entire trading day.
For a "hard to borrow" security or a threshold security,
a broker-dealer may not re-apply a locate for intra-day buy-to cover
trades. Without obtaining locates prior to each short sale in such
securities in the scenario described above, it is unlikely that the
broker-dealer executing such trades would have reasonable grounds to
believe that such securities can be borrowed so that they can be
delivered on the date that delivery is due on each trade. A
broker-dealer, however, may have reasonable grounds to believe that
securities will be available when delivery is due on such short
sales if the broker-dealer pre-borrows the securities.
What is RegSho 204?
When a trader shorts a stock intraday they short and cover it. There
is no delivery that needs to be made. When the shares are held
overnight, the company (Hilltopfxtrade) has a reasonable basis to
believe that they will receive delivery on those shares.
The
accounting system that settles these types of transactions and keeps
an orderly flow of money between the participants is called a
“Continuous Net Settlement System (CNS).”
If
the clearinghouse is not able to find shares and make delivery, then
the following rule(s) applies:
Under Rule 204(a) of
Regulation SHO, all fail-to-deliver positions in equity securities
resulting from short and long sales must be closed out by borrowing
or purchasing securities of like kind and quantity by no later than
9:30 a.m. on T+3 for short sales and T+5 for long sales.
Closing
out requires the broker or dealer to purchase or borrow securities
of like kind and quantity. The participant must close out a failure
to deliver for a short sale transaction by no later than the
beginning of regular trading hours on the settlement day following
the settlement date, referred to as T+4.
What does Marked to Market mean?
Marked to Market is an industry standard accounting method of
keeping track of the p/l on your overnight or long term position(s).
The closing price at 4 pm est is used to determine the unrealized
profit or loss on your position. This amount is added or subtracted
from your equity daily. This method is also used if you enter a
position after 4 pm est. You can read about this method further
using the following link -
https://www.investopedia.com/terms/m/marktomarket.asp
Are there any day trading restrictions?
There are NO Pattern Day Trading restrictions. Accounts with $500 or
more are approved for margin and can daytrade without restriction.
Does Hilltopfxtrade offer Options trading?
Yes, Hilltopfxtrade presently offers single legged trading at this
time. Multi legged trading will be available in the near future.
Approvals are only provided for level 1 and level 2 trading.
Can you set a daily loss limit on my account?
Yes, we have risk tools and can enable a daily loss limit to your
trading account. Please note that daily loss limits are only active
from 8:30 a.m. est to 5 pm est. Sellouts will not occur during the
premarket hours of 4 a.m. est to 8:29 a.m. est and 5:01 pm est to 8
pm est in the after hours session. This daily loss limit does not
100% guarantee against any loss. Clients should still be monitoring
their trading accounts actively. Orders such as Stop Loss order
should also be used when trading.
If Hilltopfxtrade is directing my trade, will I still get the best
possible execution price?
As Hilltopfxtrade offers US market access and clears through a US
clearing firm, Hilltopfxtrade is subject to Reg NMS. This basically
states that firms are obligated to provide investors with executions
at the best possible price. To read more about Reg NMS on
Wikipedia, click here.
What is GTC Time In Force?
An order that uses Good-Til Canceled (GTC) Time-In Force is a
specific order type that will remain in effect until the order is
filled or is canceled.
The ability to enter a Bid below
the current market price or an Offer above the current market price
allows the investor to set up a resting order that can be placed for
days, weeks, or months in advance and without having to repeat the
process each day. This allows traders to identify important levels
where they would like to enter or exit the market.
Please
consider the following features before placing GTC orders.
Investors can place a GTC orders during the Pre and Post Market
sessions.
This will place the order in a queued state.
The order then becomes live during regular trading hours.
If the order is not filled during the session, the order will be
placed back into a queued state
Can I freeze or put my account on hold so I do not pay software
fees?
Yes, your account can be placed on hold or switched to our
Hilltopfxtrade platform so you do not incur any software fees when
taking time away from trading. Please make sure you switch or
cancel your software before 4PM on the last business day of the
month. All accounts with less than $99 equity will
automatically have ID frozen on last day of the month.
How can I become an associate of Hilltopfxtrade?
At Hilltopfxtrade our door is always open to new relationships.
Please contact us if you would like to be part of the Hilltopfxtrade
team. We offer all our associates unlimited earnings potential.
Learn more by
clicking here. Get
started today and become one of our trusted partners.
What are the client support options?
Live chat is available 24 x 7.
Is Hilltopfxtrade insured?
Hilltopfxtrade holds Professional Indemnity and Excess SIPC
Insurance through Lloyds of London Syndicates Arch, AXA XL and Kiln
. The Excess SIPC coverage is limited to $250K per account.
