# VIEWTRADE SECURITIES, INC. X-17A-5 (2026-03-05) — Broker-dealer annual report - Company: VIEWTRADE SECURITIES, INC. - Form: X-17A-5 - Filed: 2026-03-05 - Period: 2025-12-31 - Accession: 0001080580-26-000004 - CIK: 1080580 - File #: 8-51605 - Type: Broker-dealer - Material weakness: No - Auditor: Ryan & Juraska - Auditor location: Chicago, IL - Contact: Megan Deihl - Phone: 5616200306 - Signed by: Megan Deihl (CFO/FINOP) Original filing: https://www.sec.gov/Archives/edgar/data/1080580/000108058026000004/Viewtrade2025PUBLIC2.pdf --- {0}------------------------------------------------ ### VIEWTRADE SECURITIES, INC. ## STATEMENT OF FINANCIAL CONDITION ### FOR THE YEAR ENDED DECEMBER 31, 2025 The is filed in accordance with Rule 17a-5(e) (3) under the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT. {1}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 # ANNUAL REPORTS FORM X-17A-5 PART III SEC FILE NUMBER | FACING PAGE
Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|-----------------|--------------------------------------------|--| | FILING FOR THE PERIOD BEGINNING 01/01/2025
12/31/2025 | | | | | | | MM/DD/YY | AND ENDING | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | Viewtrade Securities, Inc.
NAME OF FIRM. | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
Broker-dealer Security-based swap dealer Major security-based swap participant
Check here if respondent is also an OTC derivatives dealer
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | 7280 West Palmetto Park Rd #310 | | | | | | | (No. and Street) | | | | | Boca Raton | L | | 33433 | | | (City) | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Megan Deihl | 561-620-0306 | | megankw(@yiewtrade.com | | | (Name) | (Area Code - Telephone Number) | | (Email Address) | | | B. Accountant IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Ryan & Juraska LLP | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | 141 West Jackson Blvd Ste 2250 Chicago | | | 60604 | | | (Address)
03/24/2009 | (City) | (State)
3407 | (Zip Code) | | | (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) | | | FOR OFFICIAL USE ONLY
* Claims for exampling trom the requirement that the annual reports of an independent public | | | | | Claims for exemption from the requirement that the annual reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {2}------------------------------------------------ #### OATH OR AFFIRMATION swear (or affirm) that, to the best of my knowledge and belief, the I. Megan Deihl financial report pertaining to the firm of Viewtrade Securities, Inc. as of the control of the country of the county of as fof December 31 , 2 025 , is true and correct. I further swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, as the case may proprietary interest in any account classified solely as that of a customer. Signature Title: CFO/FINOP ### This filing \*\* contains (check all applicable boxes): - = (a) Statement of financial condition. - (b) Notes to consolidated statement of financial condition. - □ (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - [ (d) Statement of cash flows. - [ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - [ (f) Statement of changes in liabilities subordinated to claims of creditors. - [g) Notes to consolidated financial statements. - [ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - [ {i} Computation of tangible net worth under 17 CFR 240.18a-2. - □ (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - [ | |k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - [1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - [ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - □ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - □ (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - □ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - | | | Oath or affirmation in accordance with 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - [r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - [ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | |t) Independent public accountant's report based on an examination of the statement of financial condition. - [u] Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - | (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | |x| Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17a-12, as applicable. - | (y) Report describing any material inadequacies found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). - □ (z) Other: - \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.180-7(d)(2), as applicable. {3}------------------------------------------------ #### **-** ## | | %-31? | |------------------------------------------------|-------| | '1<;>@;2:01<1:01:@'135?@1>10%A.85///;A:@5:35>9 | | | (@-@191:@;25:-:/5-8;:05@5;: | | | #;@1?@;5:-:/5-8(@-@191:@ | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) RYAN & JURASKA LLP ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Shareholder of ViewTrade Securities, Inc. ### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of ViewTrade Securities, Inc. (the "Company") as of December 31, 2025, and the related notes (collectively referred to as the "financial statement"). In our opinion, the statement of financial condition presents fairly, in all material respects, the financial position of ViewTrade Securities, Inc. as of December 31, 2025 in conformity with accounting principles generally accepted in the United States of America. ### Basis for Opinion This financial statement is the responsibility of ViewTrade Securities, Inc.'s management. Our responsibility is to express an opinion on the Company's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to ViewTrade Securities, Inc. in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion. We have served as ViewTrade Securities, Inc.'s auditor since 2023. Chicago, Illinois March 2, 2026 {5}------------------------------------------------ # VIEWTRADE SECURITIES, INC. # STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2025 ### ASSETS | Cash, segregated | S | 9,626,202 | |----------------------------------------------------------|-----|------------| | Cash and cash equivalents | | 15,287,267 | | Investment in securities, at fair value | | 1,880,974 | | Receivables: | | | | Due from broker dealers | | 30,331,221 | | Due from clients | | 117,311 | | Due from related parties (Note 4) | | 2,544,090 | | Deposits with vendors | | 10,000 | | Prepaid expenses | | 53,894 | | Deferred tax | | 78,677 | | Right-of-use asset (Note 3) | | 401,892 | | Total assets | S | 60,331,528 | | LIABILITIES AND SHAREHOLDER'S CAPITAL | | | | LIABILITIES: | | | | Accounts payable and accrued liabilities | ಕಿತ | 426,451 | | Due to clients | | 44,788 | | Compensation accrual | | 581,480 | | Corporate tax accrual | | 16,014 | | Operating lease liability (Note 3) | | 404,165 | | Due to customers | | 28,420,868 | | Total liabilities | | 29,893,766 | | SHAREHOLDER'S EQUITY: | | | | Common stock, \$0.01 par value, 1,000 shares authorized: | | 1 | | 100 shares issued and outstanding | | | | Additional paid in capital | | 1,932,299 | | Retained earnings | | 28,505,462 | | Total shareholder's equity | | 30,437,762 | | Total liabilities and shareholder's equity | S | 60,331,528 | The accompanying notes are an integral part of this statement. {6}------------------------------------------------ # NOTES TO THE FINANCIAL STATEMENT # NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ## Organization and Business ViewTrade Securities, Inc, (the "Company" was incorporated in Delaware in May 2000. The Company is a registered broker-dealer under the Securities Exchange Act of 1934 and is a member of the Financial Industry Regulatory Authority, Inc ("FINRA"), and several U.S exchanges. The Company provides global brokerage, custody, and support services to financial services firms and their customers located around the world. The Company is a wholly owned subsidiary of ViewTrade Holding Corporation ("VTH"). Technology services and platforms are provided by a wholly owned subsidiary company of VTH. The Company was approved for omnibus clearing in December 2022 and commenced carrying customer accounts in 2023. The Company is subject to Rule 15c-3 and the required reserve, possession, control, and capital requirements under applicable SEC and FINRA rules and regulations. ### Clearing Agreement The Company has an omnibus account with one of its clearing firms and custodians and also introduces its clients on a fully disclosed basis to the same clearing firm. The Company executes trades with various counterparts. Proprietary and customer transactions are cleared on behalf of the Company by its clearing broker or execution broker on a fully disclosed basis. The Company's agreement with its clearing broker provides that as clearing broker, that firm will make and keep such records of the transactions effected and cleared in the Company's account or the customer accounts as are customarily made and kept by a clearing broker pursuant to the requirements of Rules 17a-3 and 17a-4 of the Securities and Exchange Act of 1934, as amended (the "Act"). It also performs all services customarily incident thereon, including the preparation and distribution of customer's confirmation and statements and maintenance margin requirements under the Act and the rules of the Self-Regulatory Organizations of which the Company is a member. ## Revenue recognition Transaction fees related to securities transactions on behalf of clients and the related transaction revenues are recorded on a trade date basis. Asset based fees are net interest and custody related fees associated with customer assets held at clearing firm and custodians and are recognized on a monthly basis as fees are earned. Net income from investments is net revenue from investing company cash and is recognized as earned. Technology license fees is from licensing technology to clients and is recognized as earned. The Company recognizes revenue in accordance with Financial Accounting Standards Board ("FASB") Accounting Standard Update ("ASU") Topic 606, Revenue from Contracts with Customers. That guidance was amended to require public entities to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amendment is effective for the Company for fiscal years beginning after December 15, 2018. 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A?10 @; 91-?A>1 @41 <>;25@ -:0 8;?? ;2 @41 ?1391:@ ->1 @41 ?-91 -? @4;?1 01?/>5.10 5: @41 ?A99->E;2?53:525/-:@-//;A:@5:3<;85/51? {11}------------------------------------------------ #### *- !* )41 ;9<-:EI? -??1@? -:0 85-.585@51? >1/;>010 -@ 2-5> B-8A1 4-B1 .11: /-@13;>5F10 .-?10 A<;: - 2-5> B-8A1451>->/4E5:-//;>0-:/1C5@4( (11#;@1 2;>-05?/A??5;:;2@41;9<-:EI? <;85/51? )41 ;9<-:EI? ?1/A>5@51? ->1 >1<;>@10 -? ;@41> -??1@? ;: @41 -//;9<-:E5:3 ?@-@191:@ ;2 25:-:/5-8 /;:05@5;: )41 2;88;C5:3 @-.81 <>1?1:@? 5:2;>9-@5;: -.;A@ @41 ;9<-:EI? -??1@? -:0 85-.585@51? 91-?A>10 -@ 2-5> B-8A1-?;21/19.1> | | Quoted Price in | Significant | Significant | | | |---------------------------|----------------------|-------------------------------|-------------|-------------------|--| | | Active Markets | Other Observable Unobservable | | | | | | for Identical Assets | Inputs | Inputs | Balance as of | | | | (Level 1) | (Level 2) | (Level 3) | December 31, 2025 | | | Investment in securities, | | | | | | | at fair value | 1,843,756 | e
l | \$ 37,218 | 1,880,974
ಕ | | )41;9<-:E050:;@4-B1-:E?53:525/-:@@>-:?21>?.1@C11:!1B18 -:0!1B180A>5:3@41E1->1:010 1/19.1> ?;21/19.1> 25:-:/5-8-??1@?91-?A>10-:0>1<;>@10-@2-5>B-8A1;:->1/A>>5:3.-?5?-:0 /8-??52510C5@45:!1B18C1>1;> ;2@41;9<-:EI?@;@-8-??1@?-@@4-@0-@1 '13->05:3 @41?1 !1B18 25:-:/5-8 -??1@? 5: 01@1>95:5:3 2-5> B-8A1 @41 ;9<-:E -:-8EF1? B->5;A? 25:-:/5-8 <1>2;>9-:/1-:09->71@2-/@;>?@;1?@59-@1@41B-8A15:/8A05:32;>:;: 5@51?;B1> @41 /;A:@1> 9->71@ @>-05:3 -/@5B5@E )41 2;88;C5:3 @-.81 <>;B501? @41 B-8A-@5;: @1/4:5=A1 -:0 A:;.?1>B-.815:59->58EA?105:-??1??5:3@41B-8A1;2@41?1?1/A>5@51?-?;21/19.1> | | Fair Value | Valuation
Technique | Unobservable
Input | | |-------------------------------------|------------|------------------------|-----------------------|--| | Equity | 37,218 | Cost less impairment | N/A | | | Total assets measured at fair value | 37.218 | | | | {12}------------------------------------------------ #### *-* (A<<8191:@-8?@-@191:@;225:-:/5-8/;:05@5;:-@1/19.1> >18-@5:3@;81-?1?C1>1-?2;88;C? | Operating leases:
Assets: | | | | |---------------------------------------|-------------------------------------------------------------------|----|---------------------| | | Right-of-use assets, new commencement
Accumulated amortization | ಳಿ | 444,764
(42,872) | | | Right-of-use assets, December 31, 2025 | | 401,892 | | Liabilities | Operating lease liability, December 31, 2025 | | 404,165 | | Weighted-average remaining lease term | | | 4.5 years | | Weighted-average discount rate | | | 2.56% | | | | | | "-@A>5@51?;281-?185-.585@51?-@1/19.1> C1>1-?2;88;C? | Year | | Amount | |------------------------------|---|----------| | 2026 | S | 90.381 | | 2027 | | 93.092 | | 2028 | | 95.885 | | 2029 | | 98,761 | | Thereafter through June 2030 | | 50,110 | | Total lease payments | | 428.229 | | Less: imputed interest | | (24,064) | | | | 404,165 | )4>;A34;A@@41E1->1:05:3;:1/19.1> @41;9<-:E?4->1081-?10;225/1?<-/1?5:#1C 1>?1E.-?10;:-:->>-:3191:@C5@4->18-@10<->@EC41>1.E@41;9<-:E<-505@?<>;>-@10<;>@5;:;2 ?<-/1A@585F10 :-005@5;:@41;9<-:E81-?10?<-/15:)-5C-: 1/-A?1@41;9<-:E4-?;<1>-@5;:?;A@?501;2@41\*:5@10(@-@1?@41;9<-:EI?4;91/;A:@>E@41>1 1D5?@?- <;??5.585@E@4-@ ;<1>-@5;:?8;/-@105:)-5C-:9-E .1 05?>A<@105:@41 :1->@1>9 "-:-3191:@ ?117?@;95:595F1@45?>5?7.E9;:5@;>5:35@?2;>153:;<1>-@5;:? 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