Zytrade supports sophisticated futures traders with seamless futures brokerage, deep discount pricing, robust technology and trader support. Get answers to common questions below and let us know how we can be a partner in your futures trading journey.
How do I open a futures trading account at Zytrade?
To open an account simply click the Open Account button to proceed to the application.
What type of accounts can I open at Zytrade?
Individual Joint IRA Corporate LLC Trust Partnership
What is the minimum amount to open an account?
Zytrade’s account minimum is $250
What kind of futures account statements will I receive?
The FCM holding your trading account will provide daily and monthly account statements.
How long does it take to open a futures trading account?
Account processing and the approval process can typically be completed within 1 to 2 business days. If additional information is needed to open your account, Zytrade will notify you.
How long does it take to transfer an account from another futures brokerage firm?
The processing and transfer process is required to be completed within 3 business days.
Does Zytrade provide a 1099 tax form?
The FCM holding your account will be providing you the form 1099 annually.
Does Zytrade open futures trading accounts for people outside the of the United States?
Yes, Zytrade can accept accounts from people outside of the United States. To confirm if we can open an account in your country, contact us.
Does Zytrade offer IRA accounts?
Zytrade accepts futures and option trading accounts within your IRA.
Can I open more than 1 account?
Yes, you can open additional accounts and sub accounts to trade different strategies, or managed accounts.
What is the difference between a non-professional and professional futures trader?
Non-Professional: shall mean and include either (i) an individual, natural person Subscriber(s) who, or (ii) certain small business entities (limited liability companies, partnerships, trusts or corporations) that, receive and use Information (excluding any pit traded data), in each case subject to the following restrictions:
The Non-Professional Subscriber:
(a) the Subscriber must have an active futures trading account;
(b) the Subscriber must not be a member (or hold or lease any type membership) of any exchange;
(c) the Subscriber does not have a primary business purpose that involves trading;
(d) the Subscriber must not be registered or qualified as a professional trader or investment adviser with any stock, commodities or futures exchange or contract market, or with any regulatory authority, professional association or recognized professional body; and
(e) the Subscriber must not be affiliated with any entity that is or may be considered a Professional user
Professional Subscribers: Any Subscriber that does not meet the qualifications of a Non-Professional or falls under the categories described below will be considered a Professional. Notwithstanding anything else herein,
Professionals shall include, without limitation:
Any person or entity that provides financial or similar services to any third party.
Any person that is registered or qualified as a professional trader or investment adviser with any stock, commodities or futures exchange or contract market, or with any regulatory authority, professional association or recognized professional body.
Any person or entity that acts on behalf of an institution that engages in brokerage, banking, investment, or financial activities.
Any person or employee of an entity that holds any form of membership at any of the CME Group Designated Contract Markets (“DCM”) or any other exchange.