Stocks
Stocks allow you to buy ownership in a company. “Public” companies offer shares to investors. Stocks trade on exchanges – NYSE, NASDAQ – and are only available for purchase during market hours: 8:30 a.m. – 3:00 p.m. CT, Monday through Friday except for stock market holidays. The trading price of stocks is continually fluctuating throughout the day during trading hours.
Trading a Stock in your Millennium Account
Millennium Trust offers two ways for account holders to trade stocks – online and by phone. Since Millennium Trust does not offer any investment advice, you are responsible for selecting the stock you would like to purchase.
- To place a trade via phone, please call 1.800.258.7878, option 4 during normal trading hours.
- To trade online, you must have access to Millennium Trust Online and have requested trading access. If you do not currently have trading access and would like to add it, complete a web access request. For details on trading through Millennium Trust Online, visit the Frequently Asked Question section.
Pricing
To place a stock trade, pricing is as follows:
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Online
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Phone
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Transaction Charge*
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$15
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$25
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Plus brokerage commission listed below ($8 min.)
1-1000 shares $0.020/share
1001-5000 shares $0.015/share
5000+ shares $0.010/share
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*Includes purchases, sales, liquidations, tenders, rollovers, etc. and is assessed to account at time of the transaction.
Please note: The transaction charge is charged separately from the trade cost. When buying a security, you will need to have enough liquid funds to cover the cost of the purchase plus the transaction charge.
CAPIS serves as executing broker for publicly traded securities including stocks and ETFs. When placing a market order, the price of the security is determined at the time the order is executed by CAPIS.
Millennium Trust does not recommend any particular investment or asset category. Investors are urged to speak with a tax or investment advisor before investing.