Earlier this week we launched our broker offering C2BROKER (“C2B”) in public beta. You can learn more and open an account at: C2BROKER
We spent a lot of time putting together the Help Center. It should answer most questions. Ask away at:
C2B Help Center
To save you some time, and help you decide if the beta program is right for you, here are a few important (mostly temporary) things to be aware of.
1). U.S. customers only. You must be a U.S. citizen, residing in the U.S. We’ll roll out additional countries over the year.
2). You will “trade” through C2, either by managing or following a strategy. To start, there will be no C2B trading platform.
3). You can open a margin account, but shorting of stocks or option spreads are not permitted. Both will be supported soon.
4). You can open an IRA, but cannot rollover another retirement account to fund it. Search IRA in the Help Center for an explanation. Rollover and ACAT also coming soon.
5) There is a $10,000 minimum for cash accounts. $15,000 for margin accounts. No minimum balance required after the initial funding.
Now on to the good stuff. If you are a C2 customer and have a Basic Trade Leader plan (or higher), or any level AutoTrade plan, you can trade unlimited U.S. equity and options contracts will ZERO commissions. There are no C2B plans or fees of any kind.
Final thoughts. As many of you know, we are a very small, scrappy team here at C2. So please take into consideration the word beta. This doesn’t mean that your money will be vaporized (the custodian is Apex Clearing ) or that you are in store for big, hairy bugs. It does mean that we ask you be patient with us in the early going as we work to make C2BROKER the compelling extension to C2 that we’re confident it will become.