1/11/2024 0 Comments Reviews of stockpile![]() ![]() The exact purchase of stock occurs as a market-on-close order.īesides the original purpose of holiday presents, physical and electronic gift cards could be given to adults as birthday or anniversary presents. Finally, the stock on the gift card is not actually purchased until the card is redeemed. Another caveat is that only U.S.Ĭitizens and legal residents can open a Stockpile account. Under 18, so a legal adult (typically the parent) must open a custodial account in the name of the recipient. Many recipients of Stockpile gift cards will be First, redeemers must open a Stockpile brokerage account. Cards never expire, and one feature that we really like is that they can be swapped for a different security or even a storeįor example, if you receive a $300 Netflix gift card but would rather have Tesla stock or a Home Depot card, you can trade it in for $300 of Tesla or Technically, the gift cards aren’t securities, but they can be redeemed on Stockpile’s website for securities. These can be purchased on the Stockpile website and e-mailed to a recipient immediately or In addition to stocks, the broker also offersīesides physical cards, e-gift cards are also available. Possible to have a physical card shipped to you (this increases the cost) or you can print it at home. We also found them being sold on Amazon, Walmart, and Target just like any other fixed-dollar gift card. ![]() Because these are whole dollar amounts, a purchase will result in a fractional share. Here’s how it works: you can buy gift cards of stocks in dollar amounts (such as $50 worth of Facebook or $300 worth of Chevron). So he started to figure out a way to give his relatives fractional shares as presents. But the stocks he wanted to give were too expensive to buy in whole shares. Half this amount is available for cash balances.īefore founding Stockpile, Avi Lele, the now CEO of the company, wanted to give shares of stock as Christmas presents to his nephews and nieces. Stockpile is also a member of SIPC, which means Stockpile brokerage accounts are insured up to $500,000. Nevertheless, Stockpile does meet all its regulatory requirements. As a result, it is too early to make a full judgment about its credibility. Obviously, this brokerage house is a very new firm. According to FINRA, Stockpile was established in 2010. Stockpile’s FINRA registration number is 156170. There are currently zero disclosures on Stockpile’s FINRA’s information sheet, which is a very good sign. Treasury Bills, Notes, Municipal and Agency Bonds, Zeros & StripsĪccording to FINRA’s very important BrokerCheck, Stockpile registered with the Securities and Exchange Commission in 2012. $2.99 for first stock + 99¢ for each additional stock + 3% credit/debit card fee ![]()
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