Quick answers to your most immediate questions

When placing a market order, the price of the stock is determined at the time the order is executed by our execution broker, CAPIS. The actual price paid will be shown on the trade confirmation.

As a self-directed account holder, you are responsible for the trade. On a mutual fund, if we are notified immediately, it is a "best efforts" to stop the trade. On a stock, we cannot stop the trade.

When you a sell a stock, the funds will not be available until 3 business days after you sell the stock. It is commonly referred to as T+3. For example, if you sell a stock on Monday, the funds will not be available until Thursday.

When you sell a mutual fund, the cash from the sale of the mutual fund will not be available until the next business day. It is commonly referred to as T+1. For example, if you sell a mutual fund on Monday, the cash will not be available until Tuesday.

No, this is a self-directed account.

View the Mutual Fund Guide for a list of mutual funds and fund families that can be held in an account with Millennium Trust.