LIS FAQ’s

Q. How long does opening an account take?
A. Opening an individual trading account can take from 4 business days to 14 business days, as long as all the paper work is in order then it is close to 4 days. For more information on opening an account see our website above. The process for a Company or Trust Account can take longer, again it depends on all the paper work being in order, the process is more time consuming for a company and Trust as there is a lot more legal paper work to be completed.

1) The basic setup that 90% of traders use, is to trade through an account held in their personal name, it is the quickest and easiest to set up. You can also have the same style of account with two names and details on it, that’s a joint account.

2) You can also open a company or trust based account, these take longer to set up and require a lot more legal paper work and documentation.

3) We have also got a special account for only trading the Forex and indexes, so you cannot trade commodities and options through it, but the benefit is, it can be traded with a smaller account. So for example for some one with $10,000 wanting to trade the Forex, we would suggest trading through our special Forex account that will allow you to trade minis called an IG account.

A. Your account is held in Australia. The funds in your account will be in AUD by default but you can change this to what you would like.

Q. Can I open an account if I am unemployed?

A. In theory no you cant, as you do need to provide contact information for your employer or company etc, and need to be able to provide information regarding your annual income. But if you do not work but you have annual income coming in from investments etc then yes you can apply for an account, we can help you with this process at the time of application.

A. Yes most definitely, as there are no account opening or keeping fees, you can have as many accounts as you like, they just have to be applied for separately. Please bare in mind there is the monthly data subscriptions for the accounts so funds do reduce minimally each month.

A.  There are no account opening or keeping fees for LIS accounts, but for Interactive Brokers accounts, There is a market data fee for the platform live data.  For an Individual and Joint account it is $12 USD per month  and for Company, Trust and corporate Trust it is $35USD per month.

A. Yes the market data for the Interactive Brokers platform is different to the Aussie Rob membership monthly fee. The market data for The Interactive brokers Platform, is minimum of $10 per month, varies up to about $50 per month depending on what you want to trade, the standard for Options, Commodities and Forex is $12 per month for an Individual and Joint account and $35USD per month for Company, Trust and Corporate Trust.

US Stocks: $0.02 per share with a $5 minimum per trade

US Stock Options: $2.00 per contract with a minimum of $5.00 per trade e.g.,

It would cost $5.00 to trade 2 contracts

$9.00 to trade Commodities

$8.00 per side Forex

$0.70 pips per side with a minimum of approximately $8.00

A. To log into your account management, just visit www.lifestyleinvestorservices.com and click on the “login to Account Management” link. The login Screen will appear. Login using your Live Account login details.

A. The minimum funding amount is $10,000. If you cannot fund with that amount initially, please contact trading support so we can work something out for you.

A. Lifestyle Trader and Lifestyle Investor services have designed training over email and the Internet along with face-to-face training to teach you to trade. Everyone will have a difference style and circumstances so it is important go through the whole training schedule. This will help you learn more about what is going to be the correct trading strategy for you and help you to see the patterns in the markets.

A. After the Sessions we have the 6-week Go Live course. This is one of the final steps in your 90-day apprenticeship and a valuable simulation of “Live” trading. The most important thing is to not rush through your training so you start trading too soon. Take your time and revisit anything that you are having trouble with, there is a lot to learn. This course has been specifically developed to cement in all of the training that you have been provided with to date and to give you a chance to trade on a simulated trading platform. See the real profits or losses that would occur and tighten up you strategy.

We also have a 1 day Live Trading Training, it is designed for traders that have gone live. They are $495 for the day, 12 hours of training and this is normally held in regional areas.