The following rates are charged on the balance outstanding when you trade on margin:
Debit Balance (loan) Interest Rate
   Below $25,000 BC + 2.50%
   $25,000 to $49,999 BC + 2.25%
   $50,000 to $99,999 BC + 1.50%
   $100,000 to $250,000 BC + .50%
   Above $250,000 BC + .25%
   BC = "Broker Call"

The rate of interest applied to a Margin debit is based upon the current "Call Money" rate, which is also known as "Broker Call." The Call Money rate can be found every day in The Wall Street Journal, listed under Money Rates. Interest rates on margin debit will vary as the Broker Call Rate changes. Interest rates are set at our discretion and are subject to change without notice.

Margin Interest Rate example:

For example, if the Broker Call Rate were 2.75%, a margin debit of $20,000 would therefore have a rate of 5.25% (BC + 2.50%, from the table above).

The monthly software fee for TrackTrade is $99. This does not include exchange fees. The monthly charge is automatically deducted from the cash in your account. If there is no cash, the fee will be debited.

FULL REBATE OF SOFTWARE FEES

In order to receive a full rebate of the $99 monthly software fee, you must exceed the minimum monthly amount of trading in either equities, options, or futures. The fee will be waived if you meet one of the following criteria (no mixing and matching):

• 100,000 equity shares
• 500 options contracts
• 250 e-mini futures contracts

The NYSE, AMEX, Nasdaq Level I and II are automatically enabled with your TrackTrade account. On a monthly basis, they will cost you $12 total:
    NYSE $1.00
    AMEX $1.00
    Nasdaq $1.00
    Nasdaq Level II (QuoteView) $9.00
In addition, you can sign up for a multitude of other exchanges, foreign and domestic, which are billed on an a la carte basis. Track Data Securities does not mark up the exchange fees—we simple pass along to you the fee we are charged when you enable an exchange. Click here to peruse the list of a la carte exchanges and data feeds. You can enable any of the exchanges or feeds for your TrackTrade account by calling Customer Service at 1-877-99-TRACK. Please note that these fees are not rebated, regardless of trading volume.

There is a $30,000 minimum to open your account. Per SEC guidelines, any day trading account must have a minimum of $25,000 in cash and/or securities.

For Domestic Accounts...
      We accept personal checks and wire transfers.

For Foriegn accounts...
      We accept only wire transfers.

Note: Money orders, bank drafts, and cashier's checks are not accepted.

JP Morgan Chase Bank
55 Water Street
New York, NY 10041
ABA#021-000-021
For the account of Penson Financial Services
Acct#066-6-19580
For further credit to customer: Customer's Name
Customer account: Account #*

  * (Account # must be Penson's 8-digit account # - NOT the TrackTrade account # you received upon submitting   your application initially.)

International Routing Swift # CHASUS33

Please make check out to:

Penson Financial Services, Inc.
(Any checks made out to TrackTrade, Track Data ,Track Securities, Track Data Securities, etc. will not be accepted for deposit and will be returned.)

Send to:

Track Data Securities Corp.
691 Fulton St.
Brooklyn, NY 11217