Individual Retirement Account (IRA)
- The minimum account balance to open an individual account is $5,000.
- We can have your account open 30 minutes after we receive your initial funds wire.
- You may download software and get started immediately with X_TRADER ® or X_TRADER ® Pro.
If you chose the slower method of downloading forms instead of signing up online instantly, then you must print the form out on your printer, complete it and submit it by mail, fax or email to the following:
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Velocity Futures, LLC. Attn: New Account Opening 1220 Augusta, Ste 600 Houston, Texas 77057 |
EMAIL: operations@velocityfutures.com FAX: 1-312-276-8362 |
Contact Velocity at 1-800-490-9390
to for assistance in opening an IRA Account
Includes accounts owned by:
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There is only one legal owner with rights to this account. Please consult your professional
advisors to determine the right choice for you.
IRA accounts are established by a Trust Company and funds allocated to Velocity Futures by the Trust Company are in the name of the Trustee. In addition to Velocity account documents, IRA accounts must also fill out account documents for an account with Millennium Trust, LLC. Millennium Trust LLC requires an account balance of $500(USD). However, the Velocity Futures account minimum is $5,000(USD). Millennium Trust must submit their completed paper and funding to Velocity Futures to establish an account. Millennium Trust, LLC places a mandatory 7 day waiting period on all new accounts.
IRA account owners receive daily statements from Velocity Futures, LLC. and monthly statements from Millennium Trust Company, LLC.
To open an account as an IRA, SEP, or other individual retirement account, you will need to open an account with Millennium Trust Company, LLC.
Download Millennium Account Forms
Complete the account forms and send to:
Millennium Trust
Attention: Futures Department
820 Jorie Blvd., Ste 420
Oakbrook, IL 60523
Please contact the Futures Department at Millennium Trust, LLC by calling 1-800-932-0053, or by web at www.mtrustcompany.com, and open an account with them.
Millennium Trust, LLC will charge you $150.00 (USD) per year to perform the trust
function for your account. It is best to send them a separate check to pay for this
that is not from the funds in your IRA.
If you have any questions once the paperwork is completed and sent to Millennium Trust, LLC, and you have an account opened with them, please contact us to download your trading software and begin trading.
