天眼評分
https://www.yorktrade.com/
官方網址
交易品種
4
Bonds & Fixed Income、Options、Stocks、Mutual Funds
擁有1個交易牌照
FINRARegulated
United StatesSecurities Trading License
更多
公司全稱
York Securities, Inc
公司簡稱
York Securities
平台註冊國家、地區
公司電話
公司地址
隨時想查就查
WikiStock APP
Minimum Deposit
$500
Funding Rate
1.75%
Margin Trading
YES
Long-Short Equity
YES
York Securities | |
WikiStock Rating | ⭐⭐⭐ |
Account Minimum | $500 for cash account; $2,000 for margin trading |
Fees | Minimum commission of $35 per trade (telephone); $31.50 per trade (online) |
Account Fees | Various fees including $95 for ACAT transfer, $55 annual IRA maintenance fee |
Margin Interest Rates | Broker Call Rate + 3.25% for balances up to $14,999; Broker Call Rate + 1.75% for balances over $100,000 |
Mutual Funds Offered | Load and no-load mutual funds |
York Securities is a reliable brokerage firm known for its comprehensive range of investment options, strong regulatory compliance, and robust customer support. It offers user-friendly trading services and extensive educational resources. However, it has higher minimum commissions for certain trades and additional fees for various services.
York Securities provides a comprehensive range of investment options and robust customer support, ensuring that investors have the necessary tools and information to make informed decisions. Their strong regulatory compliance, extensive fund safety measures, and advanced security protocols enhance the reliability and security of their services. However, some potential drawbacks include higher minimum commissions for certain trades and additional fees for various services, which could impact cost-conscious investors.
Pros | Cons |
|
|
|
|
|
|
|
|
|
|
York Securities is a safe and reliable brokerage firm, ensuring the security of its clients' investments through strict adherence to regulations, comprehensive funds safety measures, and robust security protocols.
Regulations: York Securities is regulated by FINRA (Financial Industry Regulatory Authority), ensuring compliance with industry standards and regulations designed to protect investors and maintain market integrity.
Funds Safety: Client accounts at York Securities are carried by its clearing firm, Axos Clearing, LLC. All accounts are protected through the Securities Investor Protection Corporation (SIPC), which provides coverage up to a $500,000 limit, including $250,000 for cash balances. Additionally, Axos Clearing offers “Excess SIPC” protection through a group of underwriters led by Lloyds, further safeguarding client assets. This protection applies if a SIPC member firm fails financially and cannot meet its obligations to securities clients, though it does not cover market losses or all asset types.
Safety Measures: York Securities employs advanced encryption technologies to secure the storage of funds and implements stringent account security measures to prevent unauthorized access and protect user information. These measures ensure that clients' personal and financial data remain confidential and secure.
When considering trading with York Securities, it's essential to understand the broad range of securities available. York Securities offers a diversified array of investment options that cater to various risk appetites and investment strategies.
Common stocks are one of the primary investment types available. These represent ownership shares in a company and entitle the holder to a portion of the company's profits, typically in the form of dividends. Common stocks are known for their potential for significant capital appreciation, though they come with a higher risk compared to other securities.
In addition to common stocks, investors can trade preferred stocks. These are a type of equity that typically offers fixed dividends and has priority over common stocks in the event of a company's liquidation. Preferred stocks combine features of both stocks and bonds, providing a more stable income stream while still allowing for potential appreciation.
For those interested in a diversified portfolio, Exchange Traded Funds (ETFs) are an excellent option. ETFs are investment funds that are traded on stock exchanges, much like individual stocks. They usually track an index, commodity, bonds, or a basket of assets, providing investors with exposure to a broad range of securities through a single investment vehicle.
York Securities also offers options trading. Options are financial derivatives that give the investor the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified time frame. This can be a powerful tool for hedging risk or speculating on market movements.
Investors can also choose to invest in mutual funds, which pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities. Mutual funds are managed by professional portfolio managers and provide investors with diversification and professional management.
When it comes to fixed-income investments, bonds are a key offering. York Securities provides access to corporate bonds and US Treasury bonds. Corporate bonds are issued by companies to raise capital, offering fixed interest payments over a specified period. US Treasury bonds, backed by the US government, are considered one of the safest investments, providing a guaranteed return at maturity.
When considering account registrations with York Securities, its important to understand the variety of account types available to meet different needs and investment objectives.
Individual accounts are the most straightforward type of account registration. These accounts are owned by a single person who has full control over the investment decisions and the account's assets. Individual accounts are ideal for those who prefer to manage their investments independently.
For those who wish to share an account with another person, joint accounts are a suitable option. These accounts are co-owned by two or more individuals, typically spouses or partners, allowing them to manage and access the account together. Joint accounts can be beneficial for households that combine their financial resources and investment strategies.
Custodial accounts are designed specifically for minors. These accounts are managed by an adult custodian until the minor reaches the age of majority. Custodial accounts are an excellent way for parents or guardians to save and invest money on behalf of their children, teaching them about financial responsibility and planning for their future needs.
York Securities also offers various Individual Retirement Accounts (IRAs), including Traditional IRAs, Roth IRAs, SEP IRAs, and SIMPLE IRAs. Traditional IRAs allow individuals to contribute pre-tax dollars, with taxes deferred until withdrawals are made during retirement. Roth IRAs, on the other hand, are funded with after-tax dollars, allowing for tax-free withdrawals in retirement. SEP IRAs and SIMPLE IRAs are tailored for self-employed individuals and small business owners, providing a flexible and efficient way to save for retirement.
For those with more specific needs, specialized accounts are available. These include corporate accounts for businesses, education savings accounts such as 529 plans to save for educational expenses, and investment club accounts for groups of individuals pooling their resources to invest collectively. Additionally, York Securities offers accounts for various business structures, including LLCs (Limited Liability Companies), partnerships, and sole proprietorships. Each of these accounts is designed to meet the unique requirements and objectives of different types of investors and entities.
When trading with York Securities, it is crucial to be aware of the associated fees to manage your investments effectively. The commission schedule varies depending on the type of security and the mode of transaction.
Equities (Stocks & ETFs) are subject to different fees based on how the order is placed. Telephone orders have a minimum commission of $35 per trade, and rates can be obtained by calling 800-221-3154 or 212-349-9700. Online orders receive at least a 10% discount off the telephone rate, with a minimum commission of $31.50 per trade. Orders placed pre and post-market must be done via telephone, and specific commission rates can be requested by calling the provided numbers.
For OTC Foreign Settlement Stocks, there is an additional $50 international clearance fee for DTC-eligible stocks, which are typically listed on both the OTC Bulletin Board/Pink Sheets and foreign stock exchanges. Non-DTC eligible stocks carry a $100 international clearance fee. As of September 24, 2018, orders for securities in restricted markets are no longer accepted.
Options trading also varies by transaction method. Telephone orders have a minimum commission of $35 per trade, while online orders get a 10% discount, with a minimum commission of $31.50 per trade. Complex option orders (such as naked options and spreads) must be placed via telephone and incur commission charges on both legs. There is also a $25 fee for manual option exercises, in addition to the regular commission for buying or selling the underlying stock. York Securities absorbs the Options Regulatory Fee (ORF), unlike many other brokers.
When trading bonds, including corporate or US Treasuries, the commission is $0.75 per bond, with a minimum commission of $35 per trade. Orders for bonds must be placed via phone.
Mutual Funds have specific charges depending on the type of fund. Load funds include a front-end or back-end load as determined by the prospectus. No-load funds incur a $21.95 commission to buy or sell. There is a minimum transaction amount of $500, excluding full liquidations. Investors should thoroughly read the prospectus before investing to understand the fund's objectives, risks, charges, and expenses.
Additionally, there are several ancillary fees. For instance, an account transfer out via ACAT costs $95, a DTC transfer out is $30 per position, and a DRS transfer out is $75 per stock. Other fees include overnight checks ($40 within the USA, $75 outside), wire transfers ($30 domestically, $75 internationally), and IRA maintenance ($55 annually, waived under certain conditions).
Optional features like the Cash Plus Account offer check writing, a debit card, and online bill pay for an annual fee of $60, waived for accounts with average balances exceeding $25,000.
Margin interest rates vary based on the debit balance, starting at Broker Call Rate + 3.25% for balances up to $14,999, and reducing to Broker Call Rate + 1.75% for balances over $100,000. Using margin leverage entails risks and may not be appropriate for all investors, as not all securities are marginable.
York Securities also charges fees for services related to foreign stocks, options, and currencies, as well as various administrative tasks. For example, foreign receive & deliver incurs a $75 fee, and there are various charges for handling GDR/ADR securities, currency conversions, and taxes for foreign securities transactions.
Overall, York Securities provides a detailed fee structure that ensures transparency for investors. Understanding these fees can help in making informed decisions and managing investment costs effectively.
York Securities offers a robust education and research section to support investors in managing their brokerage accounts effectively. The General A-Z Help Topics is a comprehensive resource, providing an alphabetical list of information addressing the most common aspects of a brokerage account. This section is designed to be user-friendly, allowing investors to quickly find answers to their questions.
The educational content spans a wide range of topics, from basic investment principles to detailed explanations of different types of securities and trading strategies. By accessing these resources, investors can deepen their understanding of the financial markets and make more informed investment decisions.
For more complex queries or specific issues not covered in the A-Z Help Topics, York Securities encourages investors to contact their customer support team. This ensures that all investors have access to the necessary information and assistance to manage their accounts successfully. Overall, York Securities' commitment to providing extensive educational and research resources highlights their dedication to investor empowerment and support.
York Securities provides accessible and comprehensive customer support through multiple channels to ensure that investors can easily reach them for assistance. Investors can contact York Securities via email at info@yorksec.com, while being careful not to include sensitive account information. For direct communication, local support is available at 212-349-9700, and a toll-free option is provided at 800-221-3154. Additionally, documents can be sent via fax to 212-202-4655. For mail correspondence, York Securities can be reached at 160 Broadway, East Building, Suite 915, New York, NY 10038. This multi-channel approach ensures that investors have various options to receive timely support and resolve any issues related to their brokerage accounts.
York Securities is a reliable brokerage firm offering a comprehensive range of investment options, including stocks, ETFs, options, mutual funds, and bonds. It is regulated by FINRA and provides strong fund safety measures and advanced security protocols. While it offers user-friendly trading services and extensive educational resources, it has higher minimum commissions and additional fees for various services.
Is York Securities safe to trade?
Yes, York Securities is safe to trade. It is regulated by FINRA, ensuring compliance with industry standards. Client accounts are protected by SIPC, with additional “Excess SIPC” protection through Axos Clearing, LLC.
Is York Securities a good platform for beginners?
York Securities offers extensive educational resources and user-friendly trading services, making it a good platform for beginners who want to learn about investing and managing their portfolios.
Is York Securities good for investing/retirement?
Yes, York Securities is suitable for investing and retirement planning. It offers a variety of account types, including IRAs (Traditional, Roth, SEP, SIMPLE), and provides access to a wide range of investment options like stocks, ETFs, mutual funds, and bonds.
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
Registered region
United States
Years in Business
More than 20 year(s)
Products
Bonds & Fixed Income、Options、Stocks、Mutual Funds
暫無評價
天眼評分
天眼評分
天眼評分
天眼評分
天眼評分
天眼評分
天眼評分
天眼評分
天眼評分
天眼評分