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Investment Account
Below are some of the fees that our brokerage partner charges. These will be passed to the client when a corresponding service is requested.
A typical user, intending to perform all investment activities digitally may not expect to use any of these services in the normal course of investing.
Withdrawal Charges
These are the charges for withdrawing funds from the investment account. The beneficiary account must be in your name.
| Withdrawal to Winvesta MCA | $0.00 |
| Withdrawal to Other Banks | $10.00 |
Securities Transfer Charges to another broker
These are the fees associated with transferring your securities account or the securities to another broker or custodian.
| Transfer securities to another broker | $100.00 per Account* |
| Transfer securities to Winvesta | Free (Your existing broker may still charge you) |
*Fractional shares cannot be transferred and must be liquidated before submitting a transfer request. On receipt of a transfer request, your account will be put on hold to avoid any trading in the account and will be reinstated post transfer if instructed.
Miscellaneous Charges
Other charges that may occur if a wire-transfer fails, or if you need specific tax documents.
| W8-BEN Form (Certificate of Foreign Status for U.S. Tax Withholding) | $5.00 (one-time charge, on account funding) |
| Returned Wire Transfers | $25.00 – $85.00 (charged by third party bank). |
Please make sure you send money only from a bank account held in the same name as that on your Winvesta account to avoid the returned wire transfer fees.
Multi-Currency Account
SWIFT Charges
These are the charges associated with receiving and sending SWIFT transfers. These apply to many countries where a local payment or receipt is not an option. There is no SWIFT fee for withdrawals to India we have local payments. However, there is a receipt fee for receiving money from India into your multi-currency account as it is a SWIFT transfer.
| SWIFT Receipt Fee | $10 per transfer |
| SWIFT Transfer Fee (Charges Shared) | $15 per transfer |
| SWIFT Transfer Fee (Charges Ours) | On request, depends on the beneficiary country |
| Fedwire Receipt Fee (USD) | $10.00 |
Other Charges
| Trade Cancellation Fee | $5, or loss from trade (from FX spread and currency movement), whichever is higher. Learn more about cancellations here |
| Transfer to Winvesta Investment Account | $0. See instructions here. |
