Investing

ACCOUNT FEATURES

Markets

Pasiv currently provides commission-free access to all USA exchange-listed stocks and Exchange Traded Funds (ETFs) eligible for global investors, through our brokerage affiliation with ChoiceTrade Inc.

USA Stocks

NYSE, NASDAQ, AMEX traded

USA ETFs

All Major Issues

ADRs

Foreign Companies traded in the USA

Access the largest and most liquid stock market in the world – the US equities markets, and start building a portfolio of some of your favorite companies.

Pasiv Membership

Membership / Pricing

Visualise how your portfolio would have performed over the years. Rebalance & optimize your allocation in a few clicks. Past peformance is no guarantee of future results, but you’ll get a sense of what returns to expect and the carbon footprint your holdings have on the world.

Membership Plans (Choose One):

Annual Membership

$99.00

Monthly Membership

$9.00

Your annual membership fee is charged to your debit/credit card at the time of signup. If the charge is declined on your card, we’ll give you 60 days to update your card details or make payment with the same card again. If you can’t settle the dues in your account, your account will be closed after 60 days and any funds you have in the account will be sent back to you minus the withdrawal fee.

Additional Fees Charged by the US based Broker :

Withdrawal Fee (International Wire)

*$60.00

*Your bank or financial institution may charge you a fee to make or receive a wire transfer in addition to this amount. You may be subject to a foreign exchange fee for conversion from USD to your local currency. Withdrawal fee inclusive of all wire-related fees to transfer to your account from the USA.

Deposits

You can add money to your investment account by going to your Account Screen in Pasiv’s app and selecting ‘Deposit’

Pasiv is exploring ways to enable customers in the UAE make local deposits at competitive exchange rates to their US Dollar investing account. However at present, all users can initiate a deposit to their investing account by making an international wire transfer using their online banking facility. Bank account instructions are provided in our mobile app during the deposit process.

Here are a few things to remember about making deposits with Pasiv:

  • You must include your unique Pasiv account number in the remarks or reference field of the wire transfer (to avoid any delays).
  • The account holder’s name on the source bank account or bank card used for the deposit must match the name on your brokerage account or your funds will be returned.
  • For compliance purposes, you may be asked to provide a bank statement to prove that the funds came from your account.

*It can take anywhere between 5 to 96 hours to credit your deposit to your investment account, depending on how quickly your bank remits the money. Your funds will appear in Pasiv’s app as available cash to invest.

Withdrawals

You can withdraw money from your investment account to your bank account by going to your Account Screen in Pasiv’s mobile app and selecting ‘Withdraw’.

Pasiv usually processes withdrawal requests within 24 hours.

Here are a few things to remember about making withdrawals with Pasiv :

  • You can only withdraw money from your available cash. If you want to withdraw funds that are invested, you must sell those securities and wait for the trade to settle in your account as cash, before it can be withdraw.
  • Currently the US securities market settles trade on a T + 2 basis – that means from when you sell the security to when its available in cash it’ll take 2 days.
  • There is a withdrawal fee of $60 charged for each withdrawal, inclusive of all international wire transfer fees charged by our custodian bank to send you the money.
  • For compliance, you may be asked to provide a bank statement to prove that the bank you are sending your funds to is your account.

*It can take anywhere between 24 to 96 hours to credit your withdrawal to your bank account. Your funds will appear as a credit in your account.

Trade Settlement

The U.S. financial services industry operates on a two-day settlement cycle (T+2). This means it takes two days from when a buy order is executed to when you take ownership of those securities. Similarly, when you sell an order, you must wait 2 business days until the cash is made available in your account for additional use. This rule applies differently to margin accounts purposed for day trading.

Investing with unsettled funds : if you have unsettled funds in your account or if you sell a position to generate additional funds, you may use those funds as well, so long as you then hold the new position through the settlement of the positions liquidated to make the purchase. If you sell the new position before this occurs, this results in a good faith violation. If the new position is held through settlement, no violation occurs. It should be noted that the violation occurs only if you prematurely SELL the NEW position.

If you intend to buy and hold stocks for an extended period of time, the trade settlement cycle will likely not affect your investing. Pasiv will alert you in app if you attempt to use any unsettled funds to trade. This way you can avoid any good faith violations.

Margin Accounts & Day Trading

A day trade refers to a buy and sell of the same position (same symbol) within the same trading day. All investors have a maximum of 3 day trades allowed within a 5 business day time period in their regular account at zero commissions. Pasiv will alert you in app if you attempt to day trade more than 3 times in a given 5 day window. This way you can avoid any violations.

In order to day trade more than 3 times a week, you must deposit a minimum of $25,000 in your account and apply for a margin account by emailing support@pasiv.ae.

Day trading accounts are subject to volume based commissions starting at $1 per trade. A day trading account allows you to short sell securities. Short selling is a type of trade that allows investors to profit when a security falls in value. The idea is to borrow the security, sell it at current prices, and buy it back at cheaper prices.

Margin Rate

Fed Funds Rate + 6.5 %

Long Positions - Initial Margin

50%

Long Positions - Maintenance Margin

30%

Short Positions - Initial Margin

*50%

Short Positions - Maintenance Margin

*35%

Volatile Stocks

Revised Daily

New Issues / IPO - First 30 Days

100%

2x Leveraged ETFs

60%

3x Leveraged ETFs

90%

*Not applicable for stocks priced below $5. Stocks below $5 require 100% initial and maintenance margin for shorting. Prices from ChoiceTrade.

Click here to learn more about day trading & margin accounts. Day trading with margin involves risk, including potential loss of your capital. Click here to learn more about these risks. It is considered active trading, and breaks from the ethos of passive investing. As such, it is meant for experienced traders only.

Disclosures
US Persons & Canadian Residents

Pasiv does not offer any services to US residents or US persons. Pasiv does not market its services, or advertise its services in the USA. Pasiv’s service can also not be used by US based ChoiceTrade customers. US based investors looking for US securities & products are requested to apply for a US based investing account directly through ChoiceTrade via the ChoiceTrade website at www.choicetrade.com where Pasiv has no involvement in business conducted directly between a US based investor and ChoiceTrade. US nationals who are residents of the UAE and who in the normal course of business conduct financial services domestically in the UAE through a UAE based bank account may apply to Pasiv provided they are able to prove or attest that Pasiv did not solicit their business. Pasiv conducts its business only from the UAE to non-US persons, and does not have offices or a business presence in the US.

Zero Commissions

Commission-free trading refers to $0 commissions for Pasiv Financial self-directed individual cash brokerage accounts that trade U.S. listed securities electronically. Keep in mind, other fees such as subscription fees, wire transfer fees, and margin fees may apply to your brokerage account. Users may be subject to paying the spread (difference between Bid & Ask) on illiquid securities that have low daily trading volumes.

Other Disclosures

For a complete list of all disclosures click here.

All investments involve risks, including the loss of principal. Investors should consider their investment objectives and risks carefully before investing.

U.S. securities offered through ChoiceTrade, member SIPC and FINRA.

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