Your first 10 trades each month are completely free. After that, a 0.20% fee applies to each trade, based on the investment amount, with a minimum fee of $1. A 5% VAT will also be charged on the fee amount if applicable. For example: • If you place a $1,000 trade, the fee will be $2 (0.20% of $1,000). If applicable, 5% VAT ($0.10) will be added, totaling $2.10 in fees and commissions. • If you place a $1 trade, the calculated fee would be $0.002 (0.20% of $1), but since the minimum fee is $1, you will be charged $1 instead. If applicable, 5% VAT ($0.05) will be added, totaling $1.05 in fees and commissions. The 10 free trades reset at the start of each month.

To start investing, you’ll need to set up a trading account with DriveWealth LLC via the Mashreq Mobile App. You’ll need to answer a few questions to verify your identity and secure your account. This information is required only once, and your account will be instantly opened with DriveWealth LLC. In some cases, additional documents may be requested to complete the one-time account setup.

For your first 10 trades each month, there are no fees, so you can start investing with just $1, and no minimum balance is required. Once you’ve used your 10 free trades, you can still invest with $1, but a minimum balance of $2.05 will be required to cover the fee + VAT for a $1 trade. Please note that a $1 trade will incur a $1.05 fee, which exceeds the trade amount.

The platform currently allows market orders and limit orders. Market Orders – Buy/Sell orders will be filled at the lowest available price during market hours. Both fractional and whole shares trading is allowed. Limit Orders – Buy/Sell orders will be filled at your specified price or better. Only whole shares trading is allowed.

After your sell order is completed, you'll have immediate buying power in your trading account, allowing you to purchase new stocks or ETFs. However, you can only withdraw these funds once the trade has settled. In US markets, trades typically settle within 1-2 business days, depending on the settlement cycle of the security. Once settled, the funds will be reflected in the "available balance to withdraw." You can transfer the money to your Mashreq account by following the steps below: Step 1- Click on the portfolio tab Step 2- Click on the Available balance to invest tile Step 3- Select the account you want to withdraw to Step 4- Enter the amount you want to transfer Step 5- Click Withdraw A withdrawal request from your trading account to your Mashreq account typically takes 1-2 business days.