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 you have an idea or come across a company you want to invest in, you will be able to make that investment without having to think if that stock is listed domestically or in some other country. Interestingly, many large global companies have US-listed ADRs which are available on Stockal, from Chinese giants like Alibaba to many Indian and European companies are all available."
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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.
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.
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 ...
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 ...
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 ...