FAQ
What is a Limit Order?
A LimitOrder is when you set the price at which you want to buy or sell a stock. Youset a market order to buy at $100, which means that you will be sold shares atexactly $100. Sometimes they can even sell at the best price - say, $99. However,definitely not more expensive than $100, because you set such condition.
LimitOrders help to avoid slippage that is possible with market orders. But at thesame time, they have a drawback - in order for a limit order to be executed,market prices must be close enough to it, and the seller must purposefully“hit” your order. If there is no one willing to make a deal at your price, thenthe order may remain unexecuted. It'll just keep queuing and you won't get thestock.
In simple terms, the essence of the Limit Order canbe explained as follows. When you place a buy Limit Order, you are telling themarket: “I want to buy these shares, but I'm not in a hurry and I'm not readyto overpay. If anyone is interested, I'm here and here's my price. Sell on itor cheaper! If no one wants it, it's fine, I'll wait.”
What is Stop Loss?
StopLoss is a special type of order. You set the price therein and then it isreached the trading platform will automatically close your stock position. Thisis necessary to stop losses automatically and in time if the idea turned out tobe wrong.
For example, you bought shares at $50 per share,and you are not ready to lose more than $5 per share on this idea. Then you seta Stop Loss at $45. If the price falls and reaches $45, the trading platformwill automatically sell your shares.What is Take Profit?
TakeProfit is a trading order that helps to take profits automatically.
Let's say you bought a share at $70 and you expectit to go up to $90. Then you can just set Take Profit at $90. When the pricerises to this mark, the trading platform will sell the shares by itself.How to sell shares?
To sellshares, log into the Tradernet.Global mobile app or the web platform at https://tradernet.global
Openthe “Portfolio” section and select one of your stocks that you want to sell.Then swipe across this stock with your finger from right to left (swipe leftacross the screen). A red “Sell” button will appear on the right, click on.Next, set up and send a trade order to sell.
What is T+2?
T+2 is a trading mode inwhich you make a deal today, and the settlement thereon takes place in twobusiness days. Let's say you bought securities on Monday. Then they will becredited to the account on Wednesday after the close of the trading session. Thesame is applied to the sale of shares. After the sale transaction, the money arecredited to your account and become available for withdrawal only on the thirdbusiness day.
What is D-account and INVEST CARD?
When you open aninvestment account on foreign stock exchanges, Freedom Broker automaticallylinks an additional D-account thereto. It can also be called a “depositaccount”.
Why is this needed?
The first advantage. With the D-account, you canquickly and conveniently top up your brokerage account. To do this, you need toissue a free “Investor Card” of Freedom Bank. You can open it online in 10minutes: https://bankffin.kz/ru/cards/invest-card/promo
With our bank, youcan top up INVEST CARD without commissions. The card is multi-currency; moneycan be hold in dollars, euros, tenge and rubles.
When you depositmoney into the card, it will automatically be in your D-account.
The second advantage. As long as the money remainson the card, it is assumed the money are deposited on a foreign currencydeposit. The bank will accrue your rate of return daily. The deposit rate ofreturn: up to 3% per annum in US dollars.
Thethird advantage. You can use the moneyin your D-account to pay for purchases with INVEST CARD. Just use the InvestorCard like your usual bankcard and pay in any country in the world. At the sametime, you can always transfer money to a brokerage account and buy shares of globalcompanies.
How to transfer money from a D-account to a trading account?
How to withdraw money?
I sold shares, but I cannot withdraw money. What am I doing wrong?
Most securities aretraded with T+2 settlements. This is a trading mode, in which you make a dealtoday, and settlements thereon take place in two business days. For example,after selling securities on Monday, the money will actually credited to yourbrokerage account on Wednesday at the end of the trading session. After that,the money can be transferred for withdrawal.
How to close an account?
If you would liketo close your account:
1. Sell all sharesin the portfolio. Cancel all active orders and do not make any more trades.
2. Withdraw allmoney from the account.
3. In the Tradernetapplication, open the section “Menu - Non-trading orders – Security” and click“Close Account”.
4. Open a security session. Specify the reason forclosing the account and click “Confirm”.