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. Access the largest and most liquid stock market in the world - the US equities markets, and start building a diversified portfolio of stocks & funds.

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US Stocks

NYSE, Nasdaq, Amex traded symbols

US ETFs

All major issues including halal ETFs

ADRs

‍Foreign companies traded in the US

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Click here to download a full list of available securities in Pasiv.

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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.

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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.

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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.

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