International Investing
What is the Trade Settlement Period?
Trade settlement period w.e.f 28th May 2024 is T+1 business day.
What is a Good Faith Violation?
If a security purchased in the customer’s cash account is sold prior to being paid for with settled funds in the account, a good faith violation has occurred. The reason it is referred to as a good faith violation is that trade activity is giving the ...
How much can I invest in US stocks from India?
Currently, you can invest up to USD 250,000 every year in foreign stocks from India. This amount can change, subject to RBI guidelines. So your investments in US securities are also governed by the same limit. Foreign investments fall under clearly ...
What is the safety-net on my account? What if Stockal goes down?
Your international investing accounts are held by brokerage and clearing services provider DriveWealth LLC and will serve as the custodian for your securities account. If Stockal goes down, your account will still be safe and secure with DriveWealth ...
Do I get voting rights on fractional stocks? And what about dividends?
DriveWealth utilizes a third-party vendor Say Communications, LLC (Say Communications) to facilitate the extension of voting rights to fractional shares. When you vote your interest in a fractional share, Say Communications will add the fractional ...
How do fractional shares work?
One of the unique things about the US stock markets is that investors can own fractions of stocks unlike markets of countries like India. For example, you could own 0.05 of Apple stock. Our brokerage partner DriveWealth allows you to own as low as ...
Which stock markets are available on the platform?
Currently, Stockal helps you invest in US stock markets which areNYSEandNASDAQ. In the near future, we will have multiple other markets available - Germany, Japan, India, UK, and Hong Kong. Over time, we will make investing totally ubiquitous - if ...
What are some potential 3rd-party costs that I can expect?
Miscellaneous Charges $5.00 Tax Certification (W-8 Ben). One-time fee upon a non-US account opening $20.00 Returned Checks $25.00 Check Stop Payments $20.00 Overnight Check Delivery $30.00 Returned Wire Transfers (applies to attempted third-party ...
Who is the custodian of my account?
Stockal's US brokerage partner, DriveWealth LLC, is the custodian of your brokerage account.
Who owns the stocks?
You own the stocks through your account with Stockal and DriveWealth.
How many securities are available on Stockal?
Stockal offers over 5,500 stocks and ETFs (Exchange Traded Funds) listed on NASDAQ and NYSE - as of now. Our platform includes almost all the marquee listed companies in the US with billion-dollar market caps.
Which are the countries from where Stockal can be used?
Stockal is currently available to investors in India and most of the countries in Middle East& North Africa (MENA).We will shortly become available to investors in other South-east Asian Countries.
Where can I find my W8-Ben form?
W-8 Ben form will be provided by the broker partner. The same can be requested by sending an email to our customer support ID. The W-8 Ben form allows tax exemptions and categorizes you to be taxed appropriately as a foreigner in the U.S. However, if ...
Are there any bank charges for adding funds to my account?
Stockal or our brokerage partner Drivewealth does not levy any fees or charges for adding funds to your account. However, your bank might charge fees for International outward remittance which may vary from bank to bank. Please connect with your bank ...
Can I invest in IPOs on your platform?
No, we do not enable international investors to invest in U.S. IPOs due to regulatory restrictions. However, you can invest in the stock once it is listed and starts trading on the U.S. market.