Is it safe to invest through Stockal?

Therefore, Stockal is considered to be generally safe though there is some risk considering that the platform is still in its infancy. Note: Investing and trading always carries risks that you should be aware of, so read up before you start investing.

Is Stockal an Indian company?

So Bengaluru-based startup Stockal, registered in New York, has created a platform to make it easier for Indians to buy shares of companies in the US—even if it’s meant that they had to jump through a few hoops.

Can a Jamaican invest in the US stock market?

You don’t have to be a US citizen to buy stocks in US companies. Plenty of Caribbean citizens are already participating in the U.S. stock market. First, like in any other stock market, you need a broker. You can choose an international broker or a local one that allows for foreign investments.

What are charges in Stockal?

It is charged on both the buying and selling sides, charged on the total turnover amount. Service charge is levied at 15\% of the brokerage charge paid by investors and is the same for delivery and intraday trading. Transaction charges are charged on both sides of trading by the stock exchanges.

How do I withdraw money from Stockal?

You can withdraw funds that are available as cash balance. Just click “Withdraw”, enter your receiving bank details, and you’re done.

What are the charges for Stockal?

Securities Transaction tax In the case of intraday trading, the STT is only charged when the stock is sold. STT is levied at 0.1\% of the total transaction, on each side of trading, for delivery in general. The charges for intraday STT is around 0.025\% of the complete transaction on the selling party.

Who owns the Jamaica Stock Exchange?

Willard Samms – Annett & Company Limited. Mr. Raglan I. Golding – Capital Market Services (Ja) Ltd.

How do I delete my Stockal account?

If you are a free user you can delete your account by clicking on the down arrow next to your username and selecting Delete Account as shown below.