Who is the custodian of my account?

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• 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 ...

• 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 ...

• Who owns the stocks?

  You own the stocks through your account with Stockal and DriveWealth.

• 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 ...

• 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 ...