Enter your contact details below, and we will contact you within 24 hours.
The process is really simple:
Click on the questions below to see the answers
Any one of the following documents for a combination of Picture id proof + Proof of address
Else, any one of the below documents would suffice
Just click on the "Add funds" button available in many places on Stockal.
No.
Unlike most traditional investing platforms, we place no restrictions on user accounts. There is no account minimum at Stockal.
You own the stocks through your account with Stockal and DriveWealth.
DriveWealth manages the books and records and stocks are held in custody by ICBC Financial Services, New York.
Just create an account on Stockal. Your brokerage account is, in turn, automatically created with DriveWealth - our US partner for clearing and brokerage services. It will take 2 business days for your account to get approved. Once approved, you will have to fund the account by transferring money into the brokerage account from your bank account.
Once the funds become available in your brokerage account, you will be able to make investments on Stockal. Feel free to use the extensive research and support available on the platform.
After selling any of your investments, whenever you want to get your money back, just click on "Withdraw" and all your available cash will be sent over to your domestic bank account.
Yes, Stockal has nothing to do with the exchange rate offered by your bank. Please check with your bank on the exchange rate they offer as it changes daily.
You global investing accounts are held by brokerage and clearing services providers. The custody of your account is managed by some of the largest banks and clearing firms in the world. If Stockal goes down, your account will still be safe and secure with them and you will be able to access it and/or move it to another brokerage firm as you please.
Additionally, you also have automatic insurance on your US investing account. Read more about this below.
All you need to do is click the "Withdraw" button on your Portfolio page or inside "My Account".
You will be shown how much money is available for you to withdraw. This is the "cash" in your account - either uninvested money or generated from sales of securities you, previously, owned. You can place a withdrawal request and the money will be wired to your domestic bank account. It takes 2-3 business days for the money to hit your account.
There is a $35 fee associated with withdrawals, charged by the US bank, so the cash balance in your account should be at least $35 at the time of placing the withdrawal request.
No.
If there is a fee-based arrangement between you and your investment advisor or wealth manager, currently you will manage your fee payments outside of Stockal. We are working on a functionality to help investment managers manage multiple client accounts and fees within Stockal.
Stockal offers nearly 3,400 securities - listed on NASDAQ and NYSE - as of now. These are a mix of stocks and ETFs (Exchange Traded Funds). Almost all the marquee listed companies in the US with USD Billion+ market caps, are available.
A limit order is an order to buy or sell a stock at a specific price or better. Therefore, a buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher.
A limit order is not guaranteed to execute because it stands only for the day and it's possible that the price you specify, for a particular stock, is not reached during the day.
The best way to use the limit order facility is when you've decided that you will buy a stock only if it's price touches or goes below the price you want. Conversely, it might be a good idea to use limit order while selling a stock if you expect a certain minimum price for the same.
One of the unique things about the US stock markets is that investors can own fractions of stocks. Unlike in countries like India. So you could own 0.05 of Apple stock. Our brokerage partner DriveWealth allows you to own as low as 0.0001 share of any stock.
And this is great for 2 reasons:
Stockal is currently available to investors in India and UAE.
We will shortly become available to investors in Canada, United States, Qatar and Oman as well. The other countries on our list are Indonesia, Malaysia and Brazil for now.
Enter your contact details below, and we will contact you within 24 hours.
The 20-minute consultation call is at my cost. If you don't like what you hear, you don't pay anything,
... more importantly, your goals, and your timeline are exactly that, they are your responsibility, no one will follow-up and chase you to start.
My job is to present you with the information you need to make the right decision, that's it.
P.S.: I look forward to speaking with you.
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