Investing

ACCOUNT FEATURES

Passive investing is about taking a slow, steady approach to growing your wealth. And the data shows it works.

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 Investing

Investing in Pasiv

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.

US STOCKS

NYSE, Nasdaq, Amex traded symbols

US ETFs

All major issues including halal ETFs

ADRs

Foreign companies traded in the US

Deposits

Withdrawals

Trade Settlement

You can add money to your investment account by going to your account screen in Pasiv's App and selecting 'deposit'

  • 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.

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.

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

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
35 %*
Revised Daily
Revised Daily
New Issues / IPOs (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.

A day trade refers to a purchase and sale 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 per SEC rules. Pasiv will prevent you in the app by default from day trading 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 pattern day trader (PDT) 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.