Online Trading Facility Overview
Clients who are interested in portfolio diversification can do by opening an online trading account. This facilitates direct access to the US Stock Market via our website. You may also trade by phone through our equity traders. Call our equity traders for more information about opening and operating an online trading account.
What do I get?
Account holders receive:
Brokerage services from Pershing and full local support from Alliance Investment Management
Investment advice and excellent research material on stocks, bonds and mutual funds
Secure internet access to trading account
Ability to make your own trades
Real ownership of shares – hence rights to income from dividends and increased shares from stock splits
Ability to review daily account balance, account holdings and account history
Instant execution of market orders
Option to place limit orders
Ability to purchase stocks on margin
No charge for adding funds to account (except for wires)
Full insurance coverage of account (conditions apply)
What are my options?
Currently there are two types of Online Trading Accounts. The Easy Trade Account and the Pro-Cash Plus Account. The Easy Trade Account
The Easy Trade Account
Minimum deposit of US$1000.00
Monthly brokerage statement
Annual Fee US$50.00
The Pro-Cash Plus Account
Minimum deposit of US$10,000.00
US$ chequing account
MASTERCARD debit card for accounts of US$25,000 and over
International bill payment service
Unlimited cheque writing
Monthly consolidated statement including details of investments, portfolio holdings and cleared cheques
Annual fee US$200.00
Open an Online Trading Account
How do I open an Online Trading Account?
To open an Online Trading Account you will need to provide us with the following:
Completed application forms – PDF format:
Copy of your passport
Bank reference or latest credit card statement
Please Note: **Mutual Funds are not available for sale to Jamaican residents.