Fees and Charges

Winvesta users can trade up to a certain number of times without any fees per month (based on the membership tier). Below are some of the other fees that our brokerage partner charges. These will be passed to the user 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 normal course of investing.

Transfer Charges

These are the fees associated with transfering your securities account or the securities to another broker or custodian.

ACAT Out (USA) $50.00 per Account*
ACAT Incoming Free (Your existing brokera may still charge you)
     *ACAT pass through fee $0.10 per position (inbound and outbound)
DWAC Transfer $130.00 per position
DTC Deliveries/ Receives $15.00 per position
DRS Transfer Incoming and Outgoing $130.00 per position

 

Miscellaneous Charges

Other charges that may occur if a wire-transfer fails, or if user needs specific tax documents.

 

W8-BEN Form (Certificate of Foreign Status for U.S. Tax Withholding) $5.00 (Charged once during onboarding – waived for a limited time)
Returned Wire Transfers $25.00
1099 Request for Exempt Accounts $50.00

 

Withdrawal/ Administrative Request Charges

These are charges when a user wants to withdraw funds from the account. The beneficiary account must be held in the user’s name. The wire transfers are levied by the bank account of our partner broker, and we are working on eliminating these in near future.

Outgoing Domestic Wire Transfer $25.00
Outgoing International Wire Transfer $35.00

 

Pass-through fees

Some fees like SEC fee and TAF fee which are usually passed to users are absorbed by Winvesta in an effort to make pricing simple and transparent for its users. If a user is investing in ADRs like Alibaba (NYSE: BABA),  the user should note that such securities are subject to periodic fees intended to compensate the agent bank providing custodial services on behalf of the ADR. While the amount of this fee will generally range from $0.01 – $0.03 per share annually, the amounts may differ by ADR and it is recommended that you refer to your ADR prospectus for specific information. The fee will be deducted from the account balance and will be reflected in the account statements.

ADR Fee: Varies by ADR. Please refer to the specific ADR prospectus for additional detail.

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