Frequently Asked Questions
How do I open an account?
Can I transfer my existing account to Paragon Investments, Inc.?
What are your margin requirements?
Where is the money in my account held?
Do you pay interest on excess margin?
What are your rules regarding the margin calls?
What kind of customer statements may I receive?
Could you send me some information about futures, options, or equity investing?
How do I open an account?
You may open your account online by clicking here. You may also call us Toll Free 888-452-8751 (Direct 785-582-5494), email us at [email protected] and we would be happy to mail, email, or fax you an application.
Can I transfer my existing account to Paragon Investments, Inc.?
Yes. When completing an account application, simply complete the Transfer Request Form and we will handle the rest – without any additional charges!
What are your margin requirements?
We observe exchange minimum margin requirements for all markets. Today's margin rates can be found here. Qualifying "Day-Traders" enjoy ½ margin rates for all markets.
Where is the money in my account held?
The funds are secured at ADM Investor Services, Inc. in a customer segregated funds account.
Do you pay interest on excess margin?
Interest on excess margin is available by purchasing a US Treasury Bill. Ninety percent of the Treasury Bill can then be applied towards margin requirements.
What are your rules regarding the margin calls?
All margin calls are required to be met within 4 days of their first notification, except for margin calls greater than $10,000. Margin calls greater than $10,000 are required to be met by the 2nd day. Margin calls greater than $25,000 are required to be met with a bank wire on their first notification.
What kind of customer statements may I receive?
You will receive a statement when: (1) there is any activity in your account (2) a purchase and/or sale is executed in your account (3) the month ends (monthly statement summary). Account statements can either be mailed or emailed to the address listed on the account documents. Duplicate statements can also be sent to additional addresses upon request. Additionally, all account types have the ability to review their accounts online.
Could you send me some information about futures or options investing?
We would be happy to! Please contact us at 888-452-8751 or at [email protected] for your request. Rest assured that your name will not be passed along to name vendors, as your privacy is one of our top priorities.