FUNDING INSTRUCTIONS

Phillip Capital Funding Instructions

ACH Instructions

Complete the ACH Setup Form and return it along with a copy of your current bank statement to funds@tradovate.com .  After this is returned, Phillip will pace 3 small ACH test transactions in your bank account that you will need to confirm via email back to funds@tradovate.com .  Once this has been done and the account approved for ACH, you can submit an ACH Request through the Tradovate platform

Additional Notes:

  • The maximum deposit amount by ACH is $5,000.00
  • ACH deposits will be held for 5 business days before funds are accessible on the trading platform

Wire Instructions

Important Note: The originating wire account name must always match the name listed on your trading account, except in cases of funding from a joint account where the joint account holder is a spouse.  If the originating name does not match your trading account name, funds will be returned.

US Dollar (USD):

Beneficiary Bank: Citibank N.A.
Location: New York, NY
ABA#: 021000089
SWIFT Code (International): CITIUS33
Credit Account: Phillip Capital Inc. – FBO [Your Tradovate Account Number]
Account Number: 30865347

Euro (EUR):

Beneficiary Bank: Citibank London
Location: London
SWIFT Code: CITIGB2L
IBAN: GB35 CITI 1850 0817 4436 76
Beneficiary account: 0017443676
Credit account: Phillip Capital Inc. – FBO [Your Tradovate Account Number]

Australian Dollar (AUD):

Correspondent Bank: Commonwealth Bank of Australia
Location: Sydney, Australia
SWIFT Code: CTBAAU2S

Beneficiary Bank: BMO Harris NA
Location: 111 W. Monroe Street, Chicago, IL 60603
SWIFT Code: HATRUS44
Account Number: 11188-372-584-3
Credit Account: Phillip Capital Inc. – FBO [Your Tradovate Account Number]

British Pound (GBP):

Correspondent Bank: Royal Bank of Scotland
Location: London
SWIFT Code: NWBKGB2L

Beneficiary Bank: BMO Harris NA
Location: 111 W. Monroe Street, Chicago, IL 60603
SWIFT Code: HATRUS44
Account Number: 77755-372-584-3
Credit Account: Phillip Capital Inc. – FBO [Your Tradovate Account Number]

Additional Notes:

  • For any currencies not listed, please contact us
  • The originating account name must always match the name listed on the Tradovate account or funds will be returned.
  • You must include your Tradovate account number.
  • Do not mail checks to the address listed above.

Check Instructions

Please make all checks payable to Phillip Capital Inc. and include your Tradovate account number on the memo line.

Mailing Address:

Phillip Capital Inc.
141 W. Jackson Boulevard
Suite 3050
Chicago, IL 60604

Additional Notes:

  • You may fund your accounts with a personal check, savings and loan check, and checks drawn on a money market or credit union account. These funds require clearance before you may begin trading. You may also fund your account with a cashiers check or certified check, however, please contact Tradovate Support prior to funding, for further instruction.
  • Checks will be held for 5 business days before funds are accessible on the trading platform.

Account Transfers

You may fund your account by transferring funds to Phillip Capital Inc. from an investment or brokerage account of another firm. Funds transferred from another brokerage account are considered cleared funds.

To start an account transfer, complete the Transfer Authorization Form and return to Tradovate’s New Accounts department.

Non-Acceptable Forms of Trading Account Funding

Phillip Capital cannot accept the following methods of payment to fund a trading account: PayPal, credit cards, debit cards, money orders, checks drawn on lines of credit, or checks drawn on foreign banks.