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How do I withdraw funds from my OptionsHouse account via wire transfer?
You can withdraw funds via wire transfer online through your OptionsHouse trading platform. Transfer requests received after 1:00 pm CT will typically be processed the next trading day. Please note that there is a $15 fee for all outgoing wire transfers. Step 1: First, make sure you are signed into your account. Step 2: Next,…

How do I transfer funds from an OptionsHouse account into an OptionsHouse IRA?
If you have an Individual account and an IRA account with OptionsHouse under the same username, you may contribute to your OptionsHouse IRA account by doing an internal transfer.  While logged in to your account, follow these steps: Log in to your Individual Account Click the Manage Accounts button Select the Transfer Funds tab Select Make a Transfer button…

Can I trade Non-Network Mutual Funds in my account?
Effective Wednesday, August 1, 2012, Non-Network Mutual Funds will no longer be available for purchase or transfer in your OptionsHouse account. According to the regulations stipulated by Apex, existing shareholders will only be able to liquidate current positions or transfer those positions to another broker. In addition, all dividends and capital gains for existing shares will…

I funded my account with an ACAT from another brokerage firm, what happens to my cost basis?
Beginning for tax year 2011, cost basis for equity securities purchased or acquired on or after January 1, 2011 will be sent along with your transfer for 1099 reporting purposes.  Mutual fund cost basis will be tracked and recorded beginning January 1, 2012 and cost basis for options, bonds, and all other securities will be…

How do I elect average cost accounting for gain/loss reporting on mutual funds and other regulated investment companies?
Effective January 1, 2012, mutual funds, unit investment trusts, real estate investment trusts, dividend reinvestment plans, limited partnerships, and other regulated investment companies are eligible to be reported under average-cost accounting. Please note that average-cost accounting must be chosen prior to the first sell or transfer out, once the default is set to average-cost accounting…

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