Investing in general involves risk and may result in loss of capital. Past performance is not an indication of future results. Avant-Garde Trading Securities does not guarantee any specific investment result. You are responsible for any investment decision you make. Avant-Garde Trading Securities does not make investment recommendations and does not provide financial, tax, or legal advice.
Opening an Account: To help the government fight funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth, and other information that will identify you. We may also use third-party information providers for verification purposes and/or ask for a copy of your driver’s license or other identifying documentation.
Exchange-Traded Funds (“ETF”) are subject to risks like other diversified investments. Investing in ETF’s involves risk, including possible loss of principal. ETF’s may not be able to exactly replicate the performance of their underlying indices due to expenses and other factors. Commission fees should be considered when trading ETF’s. Investing with ETF’s may also have tax consequences that an investor should speak to a tax professional about. Make sure to read an ETF’s prospectus to learn its risks, objectives, charges, expenses, and other important information.
Mutual Funds Disclosure
Mutual Funds are subject to risks like other diversified investments. Investing in Mutual Funds involves risk, including the possible loss of principal. Mutual Funds have different share classes that charge investors different fees. Commission fees should be considered when trading Mutual Funds. Investing with Mutual Funds may also have tax consequences that an investor should speak to a tax professional about. Make sure to read a Mutual Fund’s prospectus to learn its risks, objectives, charges, expenses, and other important information.
Fixed Income Disclosure
Fixed Income investments can include investing in money markets, bonds, and/or certain types of ETFs. You could lose money by investing in these types of Fixed Income products and these investments involve risk, including interest rate risk, inflation risk, liquidity risk, call risk, credit and default risks, and loss of capital risk. Investing with Fixed Income products may also have tax consequences that an investor should speak to a tax professional about. Before investing, always read a fund’s prospectus for policies specific to that fund as well as its risks, objectives, charges, expenses, and other important information.
Day Trading Risk Disclosure
DAY TRADING CAN BE EXTREMELY RISKY. Please read the FINRA Day Trading information disclosure before considering day trading.
Day trading generally is not appropriate for someone of limited resources and limited investment or trading experience and low risk tolerance. You should be prepared to lose all the funds that you use for day trading.
Be cautious of claims of large profits from day trading. You should be wary of advertisements or other statements that emphasize the potential for large profits in day trading. Day trading can also lead to large and immediate financial losses.
Day trading requires in-depth knowledge of the securities markets and trading techniques and strategies. In attempting to profit through day trading, you must compete with professional, licensed traders employed by securities firms. You should have appropriate experience before engaging in day trading.
Day trading will generate substantial commissions, even if the per trade cost is low. Day trading involves aggressive trading, and generally you will pay commissions on each trade. The total daily commissions that you pay on your trades will add to your losses or significantly reduce your earnings.
Day trading on margin or short selling may result in losses beyond your initial investment. When you day trade with funds borrowed from a firm or someone else, you can lose more than the funds you originally placed at risk. A decline in the value of the securities that are purchased may require you to provide additional funds to the firm to avoid the forced sale of those securities or other securities in your account. Short selling as part of your day-trading strategy also may lead to extraordinary losses, because you may have to purchase stock at a very high price in order to cover a short position.
Program Trading Disclosure
Avant-Garde Trading Securities is not affiliated with any investment authors or traders and does not endorse or warrant the content, services, or products offered by any educational webinar. Avant-Garde Securities does not guarantee or verify the performance claims made by such authors, traders, products, newsletters, programs, or other similar services.
AGTS Letter of Direction (“LOD”) disclosure
Options transactions are complex, carry a high degree of risk, and are not suitable for everyone. For more information, please read the Characteristics and Risks of Standardized Options before investing. Also, there are specific risks associated with uncovered call writing, including the risk that the underlying stock could be sold at the exercise price when the current market value is greater than the exercise price the call writer will receive. Therefore, this type of strategy may not be suitable for all customers approved for options transactions. This disclosure does not enumerate all the risks involved in writing uncovered options and it is expected that you read the Characteristics and Risks of Standardized Options booklet (link above). Please direct your attention to the chapter “Principal Risks of Options Positions.” Additionally, there are risks associated with buying options, including the risk of the purchased options expiring worthless. You should consult your tax adviser as to how taxes affect the outcome of each options strategy. Commissions and other cost may also be a significant factor. Please contact our team if you have any questions or concerns.
Before applying for a margin account, you need to determine if trading on margin is right for you considering your specific investment objective, experience, risk tolerance, and financial situation. Please read through the FINRA Margin Disclosure Statement before applying for a margin account.
Trading on margin is only for highly sophisticated investors with a high-risk tolerance. You may lose more than your initial investment. A decline in value of securities purchased on margin may require you to deposit additional funds into your trading account. Avant-Garde Trading Securities can force liquidation of any securities in your account without prior notice if your equity falls below required levels.
You will be charged interest daily on all credit extended to you. For additional information, please refer to the Margin Account Agreement that is a part of the main account opening paperwork. The minimum account equity requirement for Regulation T (“Reg T”) margin account is $2,000.00. Please contact AGT with additional questions regarding margin.
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Avant-Garde Trading Crypto LLC. Cryptocurrency trading is offered through an account with Apex Crypto. The assets in your Apex Crypto account are not held at Apex Clearing and Apex Clearing is not responsible for those assets. Apex Clearing is not involved in the purchase, sale, or custody of cryptocurrencies. When you direct Apex Clearing to transmit money for purposes of purchasing a cryptocurrency, you instruct Apex Clearing to send funds out of your account held at Apex Clearing to Apex Crypto, which sends the funds outside of Apex Clearing’s control. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. Please ensure that you fully understand the risks involved before trading including but not limited to: risk of loss, risk of digital wallet failure, speculative nature of crypto investments. Not all coins provided by Apex Crypto LLC are available to New York residents.
Investors should be aware that system response, execution price, speed, liquidity, market data, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors.