FAQ

We'll answer your questions.

Common questions about opening an account, funding and transfers, and getting started. Need something else? Contact our team.

Account Related

There is no minimum to open a cash account. A margin account with margin privileges requires a minimum balance of at least $2,000, and you must meet the buying power requirement to place a trade.

We offer individual accounts, entity accounts (corporate and trusts), and international accounts.

Eddid Securities USA Inc. is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for cash claims). Learn more at SIPC.

As a general rule, foreign investors (non-U.S. citizens and residents) with no U.S. business are typically not required to file a U.S. tax return, including on U.S. capital gains. When investing through Eddid USA, our clearing firm withholds applicable U.S. taxes on U.S. income and gross proceeds and reports them to the IRS. Foreign investors must certify their status with the appropriate W-8 form; those who are residents of a tax-treaty country with a valid W-8 on file may qualify for a reduced withholding rate. Otherwise, a flat 30% withholding generally applies to certain U.S. interest and dividend income. See IRS Publication 515 for rates applicable to non-residents.

Foreign investors are generally subject to a relatively low U.S. estate tax threshold of US$60,000, above which U.S.-situated assets such as securities of U.S. companies may be taxed at rates up to 40%. Certain assets are generally exempt, including securities that generate portfolio interest (for example U.S. Treasury and government agency securities and certain U.S. corporate bonds and commercial paper), and dividend income from certain foreign corporations or offshore funds. Executors for non-residents may need to file an estate tax return (Form 706-NA). These rules may be modified by applicable estate and gift tax treaties. See IRS Publication 515 for more information.

Email us at help@eddidusa.com with the details you'd like to change.

Funding & Transfer

You can fund your brokerage account by wire transfer, following the wire transfer instructions provided to you. Please contact us if you need the current instructions.

You can transfer assets to Eddid USA from another brokerage firm or bank via ACATS. Complete and submit the Customer Account Transfer Form and attach your most recent statement from your previous brokerage firm.

You may withdraw funds by requesting a wire transfer. A fee of $25 applies to outbound domestic wires and $50 to outbound international wires.

Trading

You can trade U.S. equities across all market sessions, from 4:00 AM to 8:00 PM Eastern. "Regular trading hours" are generally 9:30 AM to 4:00 PM Eastern; trading outside that window is "extended hours trading." Eddid USA offering extended hours trading does not imply it is suitable for every customer. You should understand the associated risks and decide whether extended hours trading fits your objectives and risk tolerance. Review the Extended Trading Hours Risk Disclosure to learn more.

Type of securityReg-T initialHouse maintenance
Listed equities (NYSE, AMEX, NASDAQ, or regional exchange)50%Greater of 30% of market value or $2.00 per share
Non-listed / non-marginable100%100%
Short sales — equities50%Priced $5.00+: greater of 35% of market value or $5.00 per share. Priced below $5.00: 100% of market value or $2.50 per share, whichever is greater

*Listed equity securities trading under $4.00 a share are considered non-marginable for Reg-T calculations.

Margin requirements vary by security type. Initial and maintenance requirements can change without prior notice and take effect immediately. Accounts whose equity falls below the required maintenance level can be liquidated without prior notice. To avoid forced liquidations, we advise keeping a buffer above the minimum equity requirement. See the Margin Disclosure Statement for details.

"Pattern day-trader" is a regulatory designation for any account that executes four or more day trades within a rolling five-business-day period. The PDT rule applies to margin accounts only. Once flagged, the account must maintain total equity above $25,000 to continue day trading. A minimum equity call is issued when margin account value falls below $25,000 at the prior day's close, and the account is restricted from day trading until it is met — by closing above $25,000 or depositing funds.

A good-faith violation occurs when a cash account buys a stock or option with unsettled funds and then sells that position before the funds used to buy it have settled. Three good-faith violations within a 12-month period restrict a cash account to settled funds only for 90 days. Account holders who want access to unsettled funds before settlement may elect a margin account, where unsettled funds can be used for trading (but not withdrawn until settlement). Cash account holders can request a margin upgrade by emailing help@eddidusa.com; upgrade requests are subject to compliance review. The minimum account value for margin trading is $2,000, and margin trading is intended for experienced investors with high risk tolerance.

This page is for general information only and does not constitute investment, tax, or legal advice. Fees and terms are subject to change; please refer to your account agreements and current disclosures.