New to Globalise
- How do I open my account?
- How long does it take to open my account?
- How soon can I start investing?
- What are the documents required for opening an account with Globalise?
- Is there a minimum amount that I need to invest?
- Which stock markets are available on Globalise?
- How many securities are available on Globalise?
- How do I buy or sell securities?
Regulations & global investing
- Can investors from India invest in the US?
- What is the LRS?
- How much can I invest in the US?
- Can I invest in US mutual funds and ETFs?
- Can I buy derivatives or leveraged products through my Globalise account?
- How do fractional shares work?
- Do I get dividends and voting rights on fractional stocks?
- Is there a limit on maximum number of foreign securities to be held by an Indian Resident?
Funds Transfer & Trading
- How do I add money to my Globalise account?
- What documents do I need to transfer money out of India?
- How do I withdraw money back to my account?
- How is the forex rate and fee determined?
- Does Globalise provide any research support?
- Does Globalise give investing advice?
- What is a limit order?
- When to use limit order?
- What's a market order?
- What is a stop order?
Pricing and Charges
Safety and Security
- How secure is this?
- Where is my US investing account held?
- Who is the custodian of my account?
- What happens if Globalise goes down? What is the safety-net on my account?
- What is the insurance or protection on my account?
- Who owns the securities I have invested in?
- How can I verify ownership of my shares?
- As a Globalise customer investing in the US, where do I pay my taxes?
- How are my gains and earnings in the US markets taxed?
- What is the tax rate applied in India for my US investments?
- What exchange rate I should consider while filing my tax return?
- While calculating short-term and long-term capital gains, does the timing of 'withdrawal' to India matter?
- Which is the tax document that needs to be filed in India for reporting tax already paid in the US (for dividends)?
- Is there a tax on remittances from India?
- What reports am I required to file in India on my holdings or gains on foreign assets?
- What are the tax implications in India if I am a Non-Resident Indian (NRI) residing in any country other than USA?
- Can brokerage and other charges paid be claimed as a deduction for computing my capital gains tax in India?
Policies and Disclosures
What is a limit order?
A limit order is an order to buy or sell a stock at a specific price or better. Therefore, a buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. Basically, a limit order allows you to guarantee that, if a trade is possible, you will receive a specified price (limit price) or better. However, if there is too much movement in the market, or the stock never reaches or surpasses the limit price, a trade will not be executed. Thus, a limit order guarantees a price or better, but not an execution. Example: A customer places an order to buy 100 shares of XYZ stock at 30. The order may not be executed unless the stock can be purchased at 30 or below. If the order was to sell 100 shares at 30, it could not be filled unless the sale price was 30 or above. There are two types of limit orders: Buy Limit Orders - Orders will execute only if the market reaches the specified price or lower for a long enough period of time to execute the order. A buy limit order is placed below the current market price of the security. If you place a buy limit above the market price, the order will be executed immediately at the current market price. Sell Limit Orders - Orders will execute only if the market reaches the specified price or higher for a long enough period of time to execute the order. A sell limit order is placed above the market. If you place a sell limit below the market price, the order will be executed immediately at the current market price. Note: A Limit Order placed on the platform is considered a Day Order—A day order will expire at the end of the US trading day, if it is not executed before market close. Orders placed between 4:00-4:15 PM US Eastern Time will be rejected. Orders placed after 4:15 PM US Eastern Time will remain pending until executed, cancelled or expired (market close the following trading day).