Frequently Asked Questions
do I know if my account has been opened?
To withdraw money from your account, you must fill out and submit a withdrawal request form. Once received, your request will be processed within 1-3 business days. Please note that funds may be withdrawn by the signatory of the trading agreement alone.
If it is a joint account, then BOTH account
holders must sign the withdrawal request. No third party payments are
allowed. Additionally, funds can be withdrawn by Check/Wire. Certain
withdrawal fees may apply. Please
for more information.
Globalink Securities Inc. is a member of the Securities Investor Protection Corporation (SIPC). SIPC provides up to $500,000 of coverage, with a limit of $100,000 for cash balances.
In addition, our clearing firm, provides excess SIPC coverage up to $25,500,000 (including $1,000,000 for your client's cash deposits) of the account including all securities and cash balances. These protections do not protect against a decline or loss in market value of the securities in your account.
Your funds will be posted within 2-3 business days if sent by wire transfer, 8-10 business days if sent by check (once we receive it).
You are not required to have a broadband connection; dialup connection may be used. However, Globalink and Our Trading Systems strongly recommend using a high speed internet connection for optimal performance.
If transferring from a brokerage firm, please complete the Account Transfer Form (WMS) (PFS). If transferring from a Mutual Fund company, please complete one Account Transfer Form per fund that will be transferred. You have to make sure the account at Globalink is opened in the same name(s) as the sending firm. In addition, you need to enclose a copy of a recent statement from the sending firm.
Transferring assets between Globalink accounts requires an
internal transfer form (WMS) (PFS)..
IRAs have certain exceptions; please contact us for more information.
Your completed form must include both account numbers and a detailed
description of the assets to be transferred (such as the exact amount of
cash and/or number of shares of each security you wish to transfer). If
you wish to transfer everything in the account, specify "all assets."
When legally authorized, Globalink pays interest on
eligible free credit balances in your account. Simple interest is
calculated on the entire daily balance and is credited to your account
monthly. This is a convenience service only and is subject to the
current company's rates and policies, which are subject to change
Yes. Over-the-counter bulletin board (OTCBB), pink sheets
and penny stocks (hereafter OTCBB) can be bought and sold via the
Internet, and our phone system or with a broker. OTCBB securities
usually represent shares of new or small companies which are traded by
dealers via manual procedures. Investing in OTCBB securities can
be very risky, and investors may lose all or part of their
investment in a relatively short period of time. Accordingly, the
trading rules for OTCBB securities differ significantly from listed or
NASDAQ securities. Quotes for OTCBB securities may not be accurate as
the securities may trade on a manual basis, and frequently "real-time"
quote information, or even firm quotes, may not be available. Investors
should also be aware that frequent symbol changes, additions and
delistings occur in the OTCBB market. Before placing an order for an
OTCBB security, please review the OTCBB Securities Trading Rules. You
should also take the time to carefully research the company and examine
your investment objectives.
We will charge clients a $20 account set-up fee to
transfer an account to Globalink. However, there are sometimes fees
attached to holding certain types of assets in your Globalink account.
Delivering firms will usually charge fees to transfer the account out,
which may result in a debit balance once your transfer is completed. To
avoid transferring the account with a debit balance, contact your
delivering broker to clear up any fees before transferring the account.
PLEASE READ THE IMPORTANT DISCLOSURES BELOW
System response and account access times may vary due to a variety of
factors, including trading volumes,
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