Sunday, May 20, 2012

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.

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)

Currently there are two types of Online Trading Accounts. The Easy Trade Account and the Pro-Cash Plus 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

How do I open an Online Trading Account?

To open an Online Trading Account you will need to provide us with the following:

1. Completed application forms – PDF format (click to download) or visit our offices
2. Copy of your passport
3. Bank reference or latest credit card statement

1. LISTED EQUITIES
   a. Broker Assisted Trades

   Number of Units	Commission
   Up to 2,099 shares	$29.95 per trade
   Over 2,099 shares	$29.95 plus $0.03 per share

   
   b. Internet Trades (NetxClient)

   Number of Units	Commission
   Up to 2,099 shares	$24.95 per trade
   Over 2,099 shares	$24.95 plus $0.025 per share

2. BONDS
   ...$50.00 per trade and $2.00 per bond
3. OPTIONS
   ...$29.95 plus $2.00 per contract
4. NO LOAD MUTUAL FUNDS**
   ...$29.95 per trade
5. LOAD MUTUAL FUNDS**
   ...Upfront fee

Please Note: **Mutual Funds are not available for sale to Jamaican residents.