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The only way you can deposit into our brokerage is through Crypto currency.
Usually, you need to make deposit using bitcoin, ethereum, Usdt or any listed crypto currency method on the Deposit area. 

Yes, there are a few different ways you can transfer your IRA to Elongate Coin

1. ACAT method.

a. This is a Self-Requested electronic portfolio transfer where you can transfer your IRA as is into Elongate Coin, while keeping your positions from your other brokerage. These are considered Trustee-to-Trustee transfers and are not reported by the IRS. The Name on the account, the account type (IRA to IRA), and SSN must match in-order for this transfer to happen paperless.

b. Assets should only be listed stocks and cash at this time. We do not accept mutual funds, bonds, fractional shares and options currently.

If you are transferring an ACAT eligible Retirement account* (401(k), SEP-IRA, SIMPLE-IRA etc.) over to Elongate Coin, you will need to fill out an Account Transfer Request Form and provide us with your most recent transferring* account statement.

Bitcoin (BTCUSD), Bitcoin Cash (BCHUSD), Ethereum (ETHUSD), Litecoin (LTCUSD), Dogecoin (DOGEUSD), Zcash (ZECUSD),Stella Lumens (XLMUSD),Ethereum Classic (ETCUSD),Cardano (ADAUSD), Dash (DASHUSD), Shiba Inu (SHIBUSD), Basic Attention Token (BATUSD), Chainlink (LINKUSD), Uniswap Protocol Token (UNIUSD), Algorand (ALGOUSD), Polygon (MATICUSD), Sushi (SUSHIUSD), Avalanche (AVAXUSD), Terra (LUNAUSD), REN (RENUSD), Solana (SOLUSD), Cosmos(ATOMUSD), Decentraland(MANAUSD), Fantom (FTMUSD), The Graph (GRTUSD), CurveDAO Token (CRVUSD), Loopring (LRCUSD), Tezos(XTZUSD), USD Coin (USDCUSD), Aave (AAVEUSD), Crypto.com Coin (CROUSD), Harmony (ONEUSD), yearn.finance (YFIUSD), Apecoin (APEUSD), Chiliz (CHZUSD), Synthetix(SNXUSD), Gala (GALAUSD), BNTUSD(BNTUSD), COMPUSD (COMPUSD), ENJUSD (ENJUSD), Maker (MKRUSD), Amp (AMPUSD), FILUSD (FILUSD), ICPUSD (ICPUSD) through Apex Crypto. Access to more cryptocurrencies is in the works. To view the full list of cryptos currently available to trade on Elongate Coin, go to the Market page on the mobile app and select the Cryptos tab.

For Long Calls in both Cash and Margin accounts, options will be liquidated if they are in-the-money upon expiration and there is not enough overnight buying power in the account to support the exercise.
Clients are expected to close any in the money option position 35 minutes prior to market close or else it's subject to be either auto liquidated or exercised depending if there’s sufficient equity in the account to support exercise or not. The cut-off time for submitting DNE instructions are up until the close on expiration date. Exercise requests are done on a best-effort basis as it is currently a manual process, please see instructions here.


For Long Puts in a Cash account, options may not be exercised if there are no underlying long shares to offset the entire exercise. For Long Puts in Margin accounts that do not hold the underlying shares, an exercise may be allowed if the account can support the resulting position. 

To initiate an ACH withdrawal:

1) Go to the homepage of the mobile app by tapping the Elongate Coin logo in the bottom middle of your screen.

2) Click on the "Transfers" tab at the top of the screen

3) Click "Withdraw"

4) Enter an amount less than or equal to the amount you have available to withdraw

It usually takes 1-2 business days to complete an ACH withdrawal. 

1) Margin interest is only charged for leveraged positions held overnight.

2) For a long position, the daily interest= Borrowed Cash * Margin Rate/360.

Margin Loan (USD) Annual Margin Rate
0-25,000.00 6.99%
25,000.01-100,000.00 6.49%
100,000.01-250,000.00 5.99%
250,000.01-500,000.00 5.49%
500,000.01-1,000,000.00 4.99%
1,000,000.01-3,000,000.00 4.49%
>3,000,000.00 3.99%
Let's say you leveraged $30,000, held the position for two days, and then sold it. The margin interest charged will be 30,000 * 6.49% * 2/360 = $10.82. You will be charged $10.8

© Copyright 2023 - 2025 Elongate Coin All Rights Reserved.

Securities trading is offered to self-directed customers by Elongate Coin Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC).Elongate Coin Financial LLC is a member of the Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC), The New York Stock Exchange (NYSE), NASDAQ and Cboe EDGX Exchange, Inc (CBOE EDGX).
Elongate Coin Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). An explanatory brochure is available upon request or at www.sipc.org. Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy..
Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Elongate Coin Pay LLC. Cryptocurrency trading is offered through an account with Apex Crypto. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. Please ensure that you fully understand the risks involved before trading. Not all coins provided by Apex Crypto LLC are available to New York residents. Please visit www.Elongate Coin.com/cryptocurrency to see a list of crypto available to trade. Crypto trading only available to US residents.
All investments involve risk, and not all risks are suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing.
Options trading entails significant risk and is not appropriate for all investors. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Losses can potentially exceed the initial required deposit. You need to complete an options trading application and get approval on eligible accounts. Please read the Characteristics and Risks of Standardized Options before trading options.
No content on the Elongate Coin Financial LLC website shall be considered as a recommendation or solicitation for the purchase or sale of securities, options, or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.
Investors should be aware that system response, execution price, speed, liquidity, market data, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors.
Free trading of stocks, ETFs, and options refers to $0 commissions for Elongate Coin Financial LLC self-directed individual cash or margin brokerage accounts and IRAs that trade U.S. listed securities via mobile devices, desktop or website products. Relevant regulatory and exchange fees may apply. Please refer to our Fee Schedule for more details.