FAQs
» What is the minimum to open an account with GCT?
Although we do not have a minimum we do recommend you open with a balance of $3,000 or greater.
» What are the commission rates at GCT?
Rates vary. Trades can expect to pay anywhere from $3.50 to $33.50 a side for futures contracts. Options traders can expect to pay $25-$67 for options. Account balance, trading volume and level of service all are considered when setting our clients rate schedule.
» Can I trade my IRA with GCT?
IRA accounts can trade at GCT through various third party trust companies. Yearly contribution maximums generally apply. Please inquire with your account executive to learn more.
» Can I transfer my existing futures account?
Yes. In the GCT account application simply fill out the "Account Transfer Letter" and your account along with any open positions will transfer over. You do not need to contact your existing firm to complete the transfer.
» How do I fund my account?
Traders can fund their account via wire transfer or check. NO MONEY ORDERS ARE ACCEPTED.
Wire transfer (PDF) or
Simply mail a check payable to ADM Investor Services with your account number on it and mail to:
Grand Central Trading
7535 Windsor Dr suite 306
Allentown, PA 18195
New account holders sending in a check with their application do not include an account number with their check. One will assigned once the forms are received
Wire transfer (PDF) or
Simply mail a check payable to ADM Investor Services with your account number on it and mail to:
Grand Central Trading
7535 Windsor Dr suite 306
Allentown, PA 18195
New account holders sending in a check with their application do not include an account number with their check. One will assigned once the forms are received
» How long does it take to get an account open?
Once we have received your completed application usually within two business days.
» Will I work with one broker or a trade desk/team/clerk?
All GCT clients including on-line traders are assigned a knowledgeable and licensed broker. Trade desks and trade clerks do not exist at GCT. Traders can expect to build a repore and a relationship with their broker.
» Are there any monthly fees for inactivity or statements at GCT?
Absolutely not. GCT does not charge any monthy fees for any type of services provided.
» How can I access funds in my account?
Funds can be wired direct to clients bank accounts or a check can be mailed out (overnight if requested).
» Can I see my account online?
Traders who fill out the ADM Online Account Acess form will assigned a username and password to access their account online. Simply click on the client log in link on the GCT home page to access. On-line traders access their accounts the same way.