July 2020 Summaries

We have started an invite-only beta program for non-US resident Alpaca users to open live-trading accounts. Interested users can fill out a form to be considered for the program, which includes restrictions such as initial funding of $30,000 and use of international-wire transfer for deposits. The program is subject to certain jurisdictions and may not support TransferWise or Revolut options. Once selected, users will need to complete a live-trading account opening process and carefully review wire instructions for depositing funds using international-wire transfers only.

The Alpaca platform has launched its business trading accounts Beta for US corporations, LLCs, and eligible entities, simplifying the process of onboarding with Zaam's help. The service offers commission-free trading, access to the Alpaca Data API, and a $30,000 account minimum requirement. This beta program is designed for sophisticated users who want to automate their trading or build trading applications using easy-to-learn programming languages like Python. The accounts are not suitable for building apps/services, as that requires a different integration process. To open an Alpaca business trading account, users must log in or sign up to the platform, follow instructions, and submit required information and documents. The beta program has certain restrictions, including waitlisting for eligible businesses, and relevant SEC and FINRA fees may apply.