A C C O U N T F E A T U R E S
You don't need to know how to trade, day trade or pick stocks when you take a passive approach. Select funds created and issued by top investment firms, and leave the rest to the professionals.
Learn About Passive InvestingPasiv 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.
NYSE, Nasdaq, Amex traded symbols
All major issues including halal ETFs
Foreign companies traded in the US
Click here to download a full list of available securities in Pasiv.
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:
*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.
Pasiv usually processes withdrawal requests within 24 hours. Here are a few things to remember about making withdrawals with Pasiv :-
*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.
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.
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. You will be assessed for your suitability if you wish to day trade actively or trade on margin prior to being granted access.
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.