Derayah Global Platform
The Derayah Global platform allows our clients to monitor live prices and create personal watch lists of stocks, Exchange Traded Funds (ETFs) and Options. It also allows our customers to execute each of their orders in one or more stock exchanges around the world at the best execution prices available. Orders may be submitted online, through the smartphone application, or by calling one of Derayah’s brokers.
DAY: A Day order will be canceled if it is not executed by the close of the trading day. Unless otherwise specified, every order is a Day order.
GTC – A Good-Til-Canceled order will continue to work within the system and in the marketplace until it is executed or canceled by the customer. GTC may be used for Limit, Stop, and Stop-Limit orders.
OPG: Use OPG to send a market-on-open (MOO) or limit-on-open (LOO) order.
IOC: Any portion of an Immediate-or-Cancel order that is not filled as soon as it becomes available in the market will be canceled. IOC is valid for market or limit orders.
The Derayah Global Platform provides our clients with access to real-time trading in the following international markets and securities with the ability to transfer purchasing power to the currency of the destination of the trade:
i. Public Equities and Exchange Traded Funds (ETFs):
7. Hong Kong
17. United Kingdom
18. United States
ii. United States Exchange Traded Options
Client orders may be executed at the best available prices in multiple international exchanges on which the subject security is traded.
Derayah Global platform gives our clients the ability to submit eight different types of orders, allowing more flexibility to our active traders. Click here to see order types.
Please Click here for a summary of Derayah Global fees.
The Derayah Global platform provides live prices of stocks, Exchange Traded Funds (ETF), and options at low monthly fees.
Derayah will send Derayah Global clients a comprehensive monthly report which shows all movements, trades, commissions paid, and all relevant information concerning the account. Clients may obtain multiple types of reports for several period lengths through Derayah Global’s account management page, which shows the client’s net asset value, any transfers to and from account, any dividends or bonus shares, commissions paid for each transaction, in addition to other information about the client’s account.
Derayah Global clients may add securities which they are intersted in tracking to more than one watch list, which allows our clients to monitor the prices and the traded volumes on those securities.
The Derayah Global platform provides our clients with three trading channels:
- Trading through the website.
- Trading through the smart phone application.
- Trading by calling one of Derayah’s brokers
Opening an account with Derayah Global may take up to 10 days working days
1 This period starts after we receive the client’s signed and completed documents, application forms, and required disclosures
What is fractional shares?
Trading fractional shares allows you to invest in companies, which you may not be able to afford the full share price. It also makes it easier for you to diversify your portfolio by allowing you to purchase fractional amounts in multiple companies when you otherwise may have only been able to purchase whole shares in one or two companies.
If the client enable his/her account to trade in fractions, he/she will buy or sell a fraction of a share based on the amount of cash he/she specify.
For example, if you want to spend $500 but one share of the stock you want to buy is currently $1000 you would end up with 0.5 shares.
Please note that fractional shares are not tradable after/before the US market regular trade hours.
What products can I trade in fractions?
U.S. stocks listed on NYSE, AMEX, NASDAQ, ARCA, or BATS, as well as OTC Pink U.S. penny stocks with average daily volume above $10 million and market cap above $400 million are available for fractional shares trading. Non-U.S. stocks are not available for fractional shares trading at this time.
A list of stocks that can be traded in fractional shares is available via the following link. Please note, this list is subject to change without notice: http://www.ibkr.com/download/fracshare_stk.csv
What is the method of selling fractional share?
The quantity to be sold is determined, not the amount.
For Example: if you own 0.5 share, you will enter a sell order and the quantity will be (0.5).
Can I short fractional share? (For DG plus clients)
DG does support short sales in fractional shares of eligible U.S. stocks as long as you have margin and approved trading permissions for “United States (Trade in Fractions)”/”Stocks”.
Do I receive dividends on my fractional share?
Your fractional shares positions are eligible to receive dividends in the same manner as your full positions on the same stocks.
Will I receive a fractional share position from a corporate action?
If your account has been approved for trading fractions and a US corporate action issues fractional shares, the fractional shares will remain in your account. However, if your account does not have permissions to trade in fractions or the corporate action is issuing non-US shares or non-eligible US shares, the fractional shares will be liquidated.
What is the minimum (Share/Value) to buy fractional share?
At the level of shares, you can trade the fractional as minimum of 0.0001 share.
At the value level, you can trade with a minimum of 1$.