We're here to help
Learn with Folionet’s social media, read our FAQs, or contact us if you need more assistance.
Read our frequent questions to learn about the app, investments, and more.
If you need more assistance, you can contact us at support@folionet.com or via instagram.
This item is hidden to make the accordion look like it’s closed by default. See Custom CSS.
What is Folionet?
Folionet is a leading trading platform (securities trading) in Latin America, offered with no minimums required. Available to U.S. and international customers. Folionet has a mobile app for Apple and Android devices (phones and tablets). In addition, Folionet offers margin accounts for experienced investors, with one of the most competitive rates in the sector.
An important feature of Folionet is the possibility for international customers to open accounts on the trading platform. It gives investors access, specifically in Latin America, to open a brokerage account in the US, and have access to one of the world’s largest capital markets in the palm of their hands. The account opening process requires the client to complete a record with their personal information and an investment profile.
How Folionet Makes money?
Folionet’s main income is received from cash balances and debit balances. Cash balances are funds not invested in the account and debit balances are funds we provide to clients for margin operations. Also, for clients seeking personalized service and advice, Folionet Private Wealth Management offers estate management services, and therefore charges commissions and fees for those transactions (for more information visit https://folionet.com/)
In addition, another income comes from the payment of the markets for the flow of trades that are made in the app. Also, every executed trade has a $0.98 transaction fee.
See Folionet Rates for additional information.
What institutions regulate Folionet?
Folionet is a service mark by Folionet Private Wealth Management, which is a registered and regulated broker of FINRA and SEC in the United States and is registered in the SIPC. Because Folionet is a mark and is in the United States, it is bound by the same entities that regulate Folionet Private Wealth Management. This means that both Folionet Private Wealth Management and Folionet clients have investment and capital security.
If you would like more information, we attach the links of our regulatory entities.
FINRA: https://brokercheck.finra.org/
SEC: https://sec.report/CIK/0001674055
SIPC: https://www.sipc.org/list-of-members/F
Folionet offers two types of accounts, each designed to suit your investment needs. Both of them allow you to trade with only a $0.98 processing fee.
Margin Accounts (Standard)
Investing on margin means that you are borrowing money from Folionet to buy stocks. This lets you invest more money (your own money plus borrowed money) for greater potential of gains or losses. It also gives you flexibility with your cash: If you see an opportunity in the market and you want to invest more, you can invest right away without needing to make a deposit from your bank.
When you open a Folionet margin account, you will receive extra buying power. This represents the money that you can borrow from us to invest.
What are the risks of margin?
With margin investing, the returns on any stocks bought on margin directly affect your account value, whatever they are positive or negative. If the stock loses value, the losses will be deducted from your account value – not the funds you borrowed – so it is possible for margin to increase your losses. The risks are resumed as follows:
- Interest Rates: they may vary in time (can go up or down). In case of a rise, the cost of the loan may go up in price.
- Stock Movement: if the shares in your portfolio substantially decrease in value, an alert can be triggered representing a margin call. You may need to sell positions to reduce the loan value.
What are the requirements to use margin in your account?
Federal regulators require that you have $2,000 in your account and a suitable investment profile to use margin. Suitability is determined by asking you a few questions about your experience, risk profile, among others.
You can enable margin by contacting our support team support@folionet.com
How do I pay for margin?
Your interest is calculated daily on your end of day margin used. The daily interest rate is 13.50% divided by 360.
For example, if you use $1,000 of margin, we will calculate the daily interest as follows:
- 1000*13.50%/360= $0.375 per day.
We will accumulate interests every day and charge your account every 30 days at the end of the billing cycle.
How do I know when I am using margin?
You will start using margin once the cash in your account has been fully invested. This means that if you have upgraded to a margin account and you have cash in your account, you will not start using margin right away.
For example, suppose that you have $2,500 in your account – $2,000 in stocks and $500 cash. If you buy an additional $1,000 of XYZ stock, you will use your $500 in remaining cash and the remaining $500 would be on margin.
Once you buy your first shares on margin, we will update your account display to show the amount of margin you are using. You will see a negative amount in the cash field. This will represent the borrowed amount.
How do I stop using margin?
There are two ways to stop using margin:
- First, you can deposit money into your account to reduce the margin you are borrowing. Using the previous example, you could stop using margin by depositing $500 in the account.
- Second, you can sell shares to reduce the amount of money you are borrowing. Using the previous example, you could sell $500 worth of shares and apply the cash to reduce your margin to zero. You can sell any position in your account since margin is a feature for your entire account.
Cash Accounts (Basic)
When you open a Folionet cash account, you will be able to place trades for only a $0.98 processing fee. You will not have access to the funds instantly when selling. Due to US regulation, funds will become available to use again after 48 business hours.
To open your Folionet account you will have to complete the following steps:
- Submit an application in your Folionet App.
- You will receive an email in 24 hours either confirming your application’s been approved or asking for more information.
- You are ready to deposit funds and start trading with Folionet.
Note:
Folionet requests personal information, including financial and tax identification information, in order to comply with U.S government laws and FINRA rules.
At Folionet you can invest in over 10,000 stocks, including most U.S equities and exchange traded funds (ETFs) listed on U.S exchanges. Begin with as low as $5 through fractional shares.
Folionet currently supports the following assets:
- U.S Exchange-Listed Stocks and ETFs.
- ADRs for over 650 Globally Listed Companies.
- Fractional Shares
- Selected OTC Equities
- Preferred Stocks
- Low-priced Stocks
Note:
A low-priced stock or a Penny stock, refers to a stock issued by a company that is valued at less than $5 per share and trades in an OTC market except Nasdaq.
We at Folionet have restricted the purchase of shares with a value of less than or equal to $5 and those considered as Penny stocks. This is a security measure on customer investment due to the excessive risk that is often incurred when buying Penny Stocks.
Individual Requirements:
To apply for a Folionet account, you will need to meet the following requirements
- Be 18 years or older.
- Have a valid ID documentation.
- Have a bank account.
Note:
Laws and regulations, administered by the OFAC sanctions list and the FAFT-Identified Jurisdictions with AML/CFT Deficiencies list impose restrictions on the account opening for individuals and entities located in sanctioned jurisdictions, including Cuba, Panama, Iran, Syria, North Korea, and the Crimea region of Ukraine.
Technology Requirements:
Folionet App is currently available on iOS and Android.
iOS
Folionet is available for iPhone and iPad on the App Store. We support all iOS devices running iOS 11 and newer.
Android
Folionet is available for Android on the Google play Store. We support all Android devices running 6.0 Marshmallow and newer.
This item is hidden to make the accordion look like it’s closed by default. See Custom CSS.
Why do I keep getting account statement emails?
Folionet is required to update costumers with important account information and documents, that way we can make sure that you are up to date with important account information.
Trusted Contact
We provide the opportunity to list a Trusted Contact, a person that you authorize to contact in limited circumstances, such as if your contact information becomes out of date or if you become incapacitated or in the event of your death.
Setting Your Trusted Contact
At the time of registration, you can choose the option to add a Trusted Contact, you will have to provide the following information:
- First and Last Name
- Phone Number
- Address
This information is precautionary, and you can change your Trusted Contact anytime by contacting our support team.
Change Your Password
If you have forgotten your password, tap the Reset Password button on the login page to send a password reset email to your email address. If you do not see this email in your inbox, please check your spam folder.
Verifying It is You
When you are logging into your account or updating sensitive information, we may ask you for additional information via email just to confirm it is you.
Identifying Scams
If you ever feel your account security has been compromised or notice any unusual activity, please contact us at support@folionet.com.
Security Best Practices
- Strengthen your password.
- Learn how to identify frauds.
This item is hidden to make the accordion look like it’s closed by default. See Custom CSS.
W8 Form
For non-US citizens, foreign individuals must file their country of residence for tax purposes and certify that they qualify for a low rate of tax withholding.
Depending on your country of residence, Folionet provides a document with all the required information for you to declare taxes in your country. This is at your disposal, and it is your responsibility to comply with the tax commitments of your country of residency.
Customers have three different options to fund their accounts. It is particularly important to make sure that all entry and exit activities be carried out with an account in which the owner is the same client who is opening the account in Folionet. Transfers between US banks, International Transfers or Stock Transfers by a Third party will be rejected.
The options to deposit are:
- Transfers between US banks
- International Transfers
- Stock Transfers
Transfers, deposits, or stock transfers by third parties will be rejected.
Major Banks
Link your US bank account in the app
If you have a U.S. bank account, you will be able to link it with your Folionet account by using one of the following options:
Instant Verification:
- Tap the account icon in the bottom right corner.
- Tap Transfers > Deposits
Click “Link a bank account” > Instant Verification - Choose your bank from the list of major banks or use the search bar to search for your bank.
- Enter your online banking username and password.
- Choose which account you would like to link.
- Your account will be validated within minutes and you will be able to deposit funds.
If, for any reason you have issues using this method you can link your US bank account through our second option explained up next.
Manual Verification:
- Tap the account icon in the bottom right corner.
- Tap Transfers > Deposits
- Click “Link a bank account” > Manual Verification
- Enter your bank account type, account number, and ABA/Routing Number.
- In the next 1-3 business days you will receive two deposits in your bank account between $0.01 and $0.99; once received go back to the Folionet app and enter both amounts.
- Once you enter the amounts, your account will be automatically validated, and you will be able to deposit funds.
In addition, we have recently added Wise and Revolut as funding methods, for further information please contact us at support@folionet.com.
Make an international transfer
If you do not have a US bank to link, you can make an international transfer to deposit funds.
For more information, please contact us at support@folionet.com.
Stocks transfers
ACAT (or Automatic Customer Account Transfer Service) is a procedure in which the customer can transfer securities and cash that has at another institution to Folionet account. To obtain the required form please contact us at support@folionet.com.
Supported Securities Types: we currently only support securities that are quoted to trade on the Folionet Platform. If you are trying to transfer mutual funds, bonds, options, or any other type of value that Folionet does not support, your transfer will be declined.
Time Period: The average time for a Stock Transfer is between 5-7 trading days.
Leveraged Accounts: we will check and accept leveraged accounts according with our internal margin policies.
Note:
You may not deposit funds to your investment account using virtual payment platforms such as PayPal, Payoneer, Western Union, Zelle, Global 66, among others.
Also, for security and regulatory reasons, funds may not be deposited into an investment account by a third-party account. The person who funds the investment account is required to be the same holder on both accounts.
This item is hidden to make the accordion look like it’s closed by default. See Custom CSS.
How to buy a stock?
- Click in the Search section and type the name or symbol of the desired company.
- Click in the desired company, then press the Trade button.
- Select buy.
- Select the order type.
- Select the number of shares you want to buy (or enter the amount in US dollars).
- Select the order duration.
- Press the Review button, and if you agree with your purchase, press the Approve button.
How to sell a stock?
- Click in the Search section and type the name or symbol of the desired company.
- Click in the desired company, then press the Trade button.
- Select sell.
- Select the order type.
- Select the number of shares you want to sell (or enter the amount in US dollars).
- Select the order duration.
- Press the Review button, and if you agree with your purchase, press the Approve button.
How to short sell a stock?
Selling in short is like buying and selling shares, but in the opposite way.
You will sell a stock you do not own expecting to buy it back later at a lower price, and the difference is your profit.
Short Selling requires a margin account with an account value of at least $2,000.
To make the order you will have to:
- Click in the Search section and type the name or symbol of the desired company.
- Click in the desired company, then press the Trade button.
- Select Sell Short.
- Select the order type.
- Select the number of shares you want to short sell.
- Press the Review button, and if you agree with your short sell, press the Approve button.
*Not all stocks apply for short operations.
What is a dividend?
A dividend is a corporate action that consists in shares or cash payment to stockholders. They are subject to approval by the company’s board of directors and is a distribution of the company’s profits to a specific class of shareholders.
Where can I find my dividends?
Dividends are deposited in cash, and you can find it in your monthly statements though our mobile app.
How Does Folionet Process Dividends?
Our custodian, Apex Clearing LLC, processes your dividends automatically. Cash dividends will be credited to you as cash in your account by default.
Do I pay taxes for dividends?
The dividend payment often results in withholding from the IRS. The withholding tax rate in effect usually depends on both your residence and the company’s base.
What is a Corporate Action?
A corporate action is an activity that brings substantial changes to an organization, affecting its participants, including bondholders, as well as shareholders, both preferential and common.
These shares are generally approved by the company’s board of directors, in some cases, shareholders may also be allowed to vote.
Common Corporative Actions
Dividends
A stock dividend is a dividend payment to shareholders, it can be in cash or shares. They are subject to approval by the company’s board of directors and is a distribution of the company’s profits to a specific class of shareholders.
Stock Split
A Stock Split is a common corporate action that modifies a company’s existing shares. In a share split, the number of shares outstanding increases by a specified multiple, decreasing the nominal value of the shares. The market value of the total number of shares remains the same.
Reverse Split
A Reverse Split is a common corporate action that modifies a company’s existing shares. In a regroup, the number of shares outstanding is decreased by a specific multiple, increasing the nominal value of the shares. The market value of the total number of shares remains the same.
Merge and Acquisitions
Mergers and acquisitions are other corporate actions that cause major changes to companies. In a merger two or more companies come together to form a new company. Existing shareholders of the merged companies retain a shared stake in the new company. Unlike the merger, the acquisition is a transaction in which one company, the acquirer, takes over another company. The object company ceases to exist, and the acquirer assumes the business being subject to it. The securities of the acquiring company continue to be traded.
Spin off
It is a type of disposal in which a parent company sells all the shares of a subsidiary or distributes new shares of a company or division it owns to create a new company.
How does Folionet manage Corporate Actions?
The issuing company’s Board of Directors sets out the terms and conditions of corporate actions.
Dividends, Stock Split, Reverse Split, mergers, acquisitions, and Spin-off are processed by Apex our compensating partner. All adjustments will be made to your portfolio in a timely manner.
Note:
Sometimes certain shares will be restricted to be negotiated, while the Corporate Stock team works to process these changes.
Folionet does not require minimums or charges maintenance fees, only a $0.98 processing fee per transaction.
Supported Order Types
Folionet supports:
- Market orders.
- Limit orders.
- Stop orders.
How can you choose these types of orders?
- Navigate to the stocks detail page.
- Press the Trade button.
- Select the order type.
The different orders type will be briefly explained as follows:
Market Order
A market order is an order to trade shares at the current market price; without restrictions on the price or timeframe in which the order can be executed.
Additionally, you will be able to introduce market orders out of the trading hours. Nevertheless, these orders will be executed at the opening of the following trading day.
Limit Order
A limit order is an order either to buy or sell shares at a fixed price or better.
Buy Limit Order
A limit purchase order can only be executed at the limit or lower price. Your limit price should be the maximum price you want to pay per share.
Example (These examples are shown for illustrative purposes only)
ABC stock is currently trading in $20 per share, but you only want to pay $15 per share. You should set your limit price to $15.
Scenario 1: If ABC drops from $20 to $15 or lower, you will buy shares for $15 at most.
Scenario 2: If ABC does not drop to $15, your order will not be executed.
Sell Limit Order
A sell limit order can only be executed at the limit or higher price. There is no guarantee that a limit order will be executed.
Example (These examples are shown for illustrative purposes only)
ABC stock is currently trading in $20 per share, but you want to receive at least $25 per share. You should set your limit price to $25.
Scenario 1: If ABC rises from $20 to $25 or higher, your stocks will be sold at least $25.
Scenario 2: If ABC does not rise to $25, your order will not be executed.
Stop Order
A stop order is an order to buy or sell only after a certain price level (the stop level) has been reached. If stocks go down and the price is reached, stop orders help minimize losses by closing the position at the market price. Although stop orders are commonly used when selling securities, stop orders can also be used to buy shares.
Buy Stop Order
A Stop purchase order is used to buy shares for more than a certain price at which the investor thinks the share price will break a barrier to continue the increase. If the stock rises to your stop price, your buy stop order becomes a buy market order.
Example (These examples are shown for illustrative purposes only)
ABC stock is currently trading in $20 per share, but you want to wait to purchase ABC because you believe an upward trend could begin shortly after a rise in the price. Also, you think that if ABC reaches $24 it may go higher. Therefore, if you set up a stop price at $24, the order will be triggered after it reaches that level.
Scenario 1: If ABC rises to $24 or higher, your buy stop order becomes a buy market order and then the stock will be purchased at the following best price available.
Scenario 2: If ABC stays below $24, a market order is not executed, and no shares are purchased.
Sell Stop Order
A sell stop order allows you to set a stop price below the current price of the stock. If that stock falls to your stop price, your sell stop order becomes a sell market order.
Example (These examples are shown for illustrative purposes only)
ABC stock is currently trading in $20 per share. But you want to wait to sell ABC because you think it will rise. To protect yourself in case ABC begins falling, you can set your stop price to $15.
Scenario 1: If ABC falls to $15 or lower, your sell stop order becomes a sell market order and then the stock will be sold at the best price available after is triggered.
Scenario 2:If ABC stays at or above $15, a market order is not executed, and no shares will be sold.
What is a Day Trader?
A Day Trader is someone who buys and sales the same stock the same day to try to take advantage of the price movement during the day.
What is a Pattern Day Trader?
A Pattern Day trader is someone who performs four (4) or more intraday transactions during a period of five (5) market days.
The minimum capital requirement for the “Pattern Day Trader” is $25,000, the “Pattern Day Trader” must have at least $25,000 deposited on any of the days on which the transaction occurs. The minimum maintenance margin requirements for the “Pattern Day Trader” are 25% as for regular customers.
If you do not have this amount in your account, you can only make three (3) day trades every five (5) market days. And if you exceed this limit your account will be restricted for 90 days.
For more information of “Pattern Day Trader” visit:
What is a stock transaction?
A stock transaction refers to the culmination of a trade through the delivery of a stock and the payment in cash. The transaction approval period (usually T+2 or 2 business days after the trading date) is the date on which ownership changes between the buyer and the seller.
What is an instant transaction?
If you have a margin account in Folionet, with an account value of $2,000 or more, you have instant access to the funds and proceeds from stock transactions. This means that if you sell shares today you do not have to wait the usual settlement period (T+2 or 2 business days) to access those funds.
What is the buying power?
The buying power represents the total amount of funds that you have available to invest.
To find this information you should:
- Go to Account Screen
- Press Balances
What is a marginable stock?
It’s an eligible stock to buy with margin. Folionet can give money to help clients to buy these stocks and can accept them like guarantee as collateral when using margin.
What is a margin call?
The FED requires the customer to deposit a specific amount of money or shares when making a purchase on a margin account; the amount is expressed as a percentage of the market value of the shares at the time of purchase. The deposit must be made within a payment period.
What is a Maintenance Margin Call?
This is a request for the margin client to deposit money or shares when the client’s capital is below the margin maintenance requirement established by the broker/dealer.
What is the Required Maintenance Margin?
This is the minimum capital that must have the margin account, established by the broker/dealer. The amount of capital required varies according to the type of stock purchased with margin, and the requirements of the broker/stockbroker’s stock exchange.
How Folionet calculates the cost basis?
The cost basis is the price paid for a stock, used to calculate capital gains or losses when the stock is sold. We use the “First In, First Out (FIFO)” method in which it is assumed that the first shares that are acquired are the first ones to be sold.
You can see your average cost basis on each position screen by tapping each of the stocks.
This item is hidden to make the accordion look like it’s closed by default. See Custom CSS.
Using Watchlist
To add a stock to your watchlist on your app:
- Go to Search screen
- Search the stock you want to add.
- Press the star button.
To remove a Stock from your Watchlist:
- Go to your watchlist.
- Click the stock you want to remove.
- Click the Watchlist button in the left corner.
Using Market Data
Market Price
The market price is the current price at which an asset or service can be bought or sold.
Bid & Ask Spread
The Bid-ask spread is the amount by which the ask price exceeds the bid price for an asset in the market, is the difference between the highest price and the lowest price that the buyer or seller is willing to accept.
Stock Detail Page
The Chart
In the graph shown in the dashboard, you can see your assets value over time. You only have to tap the range of time you want to see.
Your Position
If you have an open position, you can see various information of the stock.
- Shares: is the number of shares you own.
- Equity: is the value of the shares you own.
Average cost: is the average amount that you paid for the shares. - Portfolio diversity: is the percentage of your portfolio invested in that asset.
- Today’s return is the amount of money that you have made or lost in the day.
- Total return: is the amount of money you have made or lost since you bought that stock.
Stats of stocks
They’re the stats you see about a stock you want to buy or sell.
- Open: is the value of the stock at the market opening.
- High: is the highest price of a stock during a day.
- Low: is the lowest price of a stock during a day.
- Volume: is the number of shares traded during the day.
- Average Volume: is the average of shares traded per day.
- Market Cap: is the value of the company.
Close My Account
If you want to close your account, please contact us at support@folionet.com and we will help you with your request.
Before asking to close your account, please be sure you complete the following:
- Sell all your positions.
- Withdraw the balance.
Error Messages
While you use the app or make some trades, error messages could appear that could mean a variety of things. Some errors are normal parts of the app, such as messages regarding day trade protection.
If you receive confusing error messages, please contact us at support@folionet.com.
There are two types of brokerage firms: introducing brokers and clearing brokers, which have different regulatory oversight requirements.
Folionet is considered an introducing broker, whose clearing broker is Apex Clearing.
What is an introducing broker?
An introducing broker is a broker-dealer that contracts with a clearing firm (Apex Clearing) to handle the execution and settlement of orders that the introducing firm receives from its clients.
What does a clearing firm do?
They have three main tasks:
- Clearing: this is how a brokerage makes sure that the price and number of shares you give or receive when you place a trade matches the price and number of shares the other person expects to give or receive.
- Settlement: Once the trade is cleared, the clearing firm oversees the transaction and makes sure each side fulfills their obligation.
- Custody: Once cash or shares settle from a trade; someone must look after them and keep extremely detailed records of where the assets go.
Here is some investment terminology you may come across:
ADR (American Depository Receipts): They make it easier for investors to buy shares of foreign companies not listed on U.S exchanges.
Bid-Ask Spread: Represents the supply and demand for a stock or option. The bid price is the highest price other traders in the market are willing to pay, and the ask price is the lowest price traders are willing to accept for the asset.
Buying Power: The amount of money you can use to purchase stocks.
Corporate Action: Any activity a company takes that results in a notable change to the company’s stock.
Delisting: A stock is “delisted” when it has been removed from the stock exchange.
ETF: Group of assets pulled together that trades like a normal stock, they could be a collection of stocks, bonds or derivates.
FINRA: Folionet is a member of the Financial Industry Regulatory Authority, Inc. (FINRA), which is a self-regulatory organization that promotes honesty and fairness in the broker-dealer industry.
First In First Out (FIFO): This refers to how the cost basis is calculated.
Forward Stock Split: If a company executes a forward stock split, it is increasing the number of shares outstanding without changing the overall market value of the shares.
Fractional Shares: Is a piece of one whole share of stock.
Good-til-Canceled (GTC): Refers to a type of order you can place in the market. This type of order will remain open until you cancel it.
Good-for-Day (GFD): Refers to a type of order you can place in the market. This type of order will remain open until market close on the day you place it.
High-Volatility Stocks: They are considered riskier investments; volatility is a measure of how dramatically the value of a stock changes in a period.
Instant Settlement: If you have a margin account, this means that if you sell a stock today, you can use the funds right away, instead of waiting two trading days.
Interest Payments: Folionet pays you interest generated from your stocks and cash.
IPO: Is the process of raising capital by offering shares of the company to the public for the first time.
Last Sale Price: Is the most recent price at which a trade was executed in the market.
Limit Order: Allows you to choose the price you would like to pay for an asset, so that if the asset rises or falls within that range you will get executed at that price or better.
Limit Price: Lets you choose a specific price that you are willing to buy or receive for an asset.
Low-Volume Stock: A stock has low volume if there are not many people trading it in the market.
Margin: Buying stocks on margin means that you have borrowed money from your brokerage to fund your purchase.
Margin Maintenance: The margin maintenance requirement in Folionet is the minimum portfolio value you can have before you are at risk of getting into a margin call.
Margin Call: Is a warning that your portfolio value is below your margin maintenance requirement.
Market Hours: The stock market opens for trading at 9:30 AM EST and closes at 4 PM EST.
Market Order: Is an order that will execute at the next price in the market.
Merger: If two companies merge, there are almost always significant implications for the shareholders of both companies.
Nasdaq: Is a stock exchange where buyers and sellers can trade stocks, it is an electronic trading network.
NYSE: It is the biggest stock exchange in the world.
Partial Execution: This happens when only some of your order gets filled.
Penny Stock: Refers to a stock issued by a company that is valued at less than $5 per share.
Regulation T Call: Your account might get a Regulation T Call if it does not meet the initial margin requirement for stocks you have purchased.
Reverse Stock Split: When a company executes a reverse stock split, it is decreasing the number of shares outstanding without changing the overall market value.
SEC: It oversees and regulates financial institution on behalf of the United States government.
Settlement: It is the time it takes stocks or cash to move from one place to the next.
Spinoff: A company’s board may decide to create a new subsidiary of their company, and they award shareholders of the parent company shares of the new company.
Stock Split: A company decides to execute a stock split when they want to increase or decrease the number of shares outstanding.
Stock Transfer: Allows you to transfer shares of stock from other brokerages into your Folionet account and vice versa.
Stop Price: An order will only be placed on the market if the price of the asset reaches or passes your stop price.
Stop Order: Is an order type that triggers a market order to buy or sell when a stock reaches your designated stop price.
Stop Limit Order: This type or order allows you to set a stop price. The difference is that it will trigger a specified limit order when your stock reaches your stop price.
Time-in-Force: It indicates how long your market, limit, or stop order will remain active. It includes Good-for-Day (GFD) and Good-til-Canceled (GTC).
Untradable: If a stock is untradable on Folionet you will not be able to buy or sell shares of it.
Wash Sale: If you sell a stock for a loss, and then buy the same stock or a similar stock within thirty calendar days, you have executed a wash sale.
