Individual Retirement Account (IRA)
- The minimum account balance to open an Individual Retirement Account (IRA) account is $5,000.
- Funded accounts will receive a priority status for review and approval.
- You may download software and get started with any of our currently offered trading
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:
Velocity Futures, LLC.
Attn: New Account Opening
5373 West Alabama Street, Suite 600
Houston, Texas 77056
Includes accounts owned by:
- Roth IRA
- Traditional IRA
- Rollover IRA
- And other individual retirement accounts
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. Millennium Trust acts
as trustee and custodian for self-directed IRAs. In addition to Velocity account
documents, IRA accounts must also fill out account documents for an account with
Millennium Trust, LLC.
To open an account as an IRA, SEP, or other individual retirement account, please
follow instructions below:
- Download and complete the hardcopy of Velocity Futures Individual Account Application
and Millennium Trust Account application via links below:
- Please mail both Velocity and Millennium hardcopies to Millennium Trust Company
at the following address:
Attention: Futures Department
820 Jorie Blvd., Ste 420
Oakbrook, IL 60523
- Fund your account by sending money directly to Millennium. The minimum balance to
open an IRA account with Velocity Futures is $5,000. Millennium will in turn fund
your account with Velocity.
- Once the process is complete Millennium will submit your completed IRA account documentation
to Velocity together with funds for your account and you’ll receive an email notification
from Velocity Futures.
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.
IRA account owners receive daily and monthly statements from Velocity Futures, LLC
and quarterly statements from Millennium Trust Company, LLC.
The minimum balance open an account with Velocity is $5,000. Millennium Trust Company
requires a maintenance balance of $500.
Millennium Trust, LLC will charge you $300.00 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.