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Topics: Common Questions
Check deposits can be withdrawn by check or ACH 10 business days from the date of deposit or via a Fed funds wire 30 business days from the date of deposit. Wire deposits can only be withdrawn via a wire after the funds have been held for one business day.
ACH deposits must remain in your account for a minimum of seven business days prior to withdrawal for clearance purposes and may only be withdrawn via ACH to the bank account of origin. These holds apply to both non-retirement accounts and IRAs. In addition, if your deposits to an IRA are made via account transfers (ACATs), the funds are available for distribution 30 business days from the date of deposit. Other conditions may apply.
After you buy or sell securities, settlement occurs when the security or cash proceeds is transferred to your account. This is commonly referred to as “T+3″ which stands for “trade date plus three days.” It can take up three days after the order executes for the transaction to settle and is the industry standard.
A motif is a basket of up to 30 stocks or ETFs intelligently weighted to reflect an investment theme, market insight or innovative trend. Choose from one of our professionally built motifs, customize, or design your own. Then buy your motif in just one click.
To build your own motif, from your Motif dashboard go to “Build” and click “Build a Motif”.
Pay just $9.95 total commission per motif trade or $4.95 per single stock trade. Please click here for our pricing details.
There is no account minimum. To invest in a motif, you can start investing for as little as $300. To trade on margin, you’ll need a minimum balance of $2,000. Please note that margin trading is not applicable to IRAs.
Click here for general information on how motifs in our catalog are built and how securities are selected. For details on how we built a particular motif, go to the Overview page of the motif and click the “How We Built This Motif” link.
Definitely! You can buy any motif with just one click. Then, we’ll immediately place an order for each individual security the motif contains. And, if you decide to sell a motif, or some of the securities it contains, those orders will also be in real time.
Clearing firms handle the back-office detail and processing for brokerage firms. They process and settle trades, process fund movements, and are responsible for holding customer shares and other assets. Motif Investing’s clearing partner, Pershing LLC, is one of the industry’s leading firms with a strong track record in expertly handling the needs of online brokerages.
You can add stocks, ADRs or ETFs listed on major US exchanges.
Motif Investing is a Member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org .
Our clearing firm Pershing LLC has purchased an additional insurance policy through a group of London Underwriters (with Lloyd’s of London Syndicates as the Lead Underwriter) to supplement SIPC protection. This additional insurance policy becomes available to customers in the event that SIPC limits are exhausted and provides protection for securities and cash up to an aggregate of $150 million. This is provided to pay amounts in addition to those returned in a SIPC liquidation. This additional insurance policy is limited to a combined return to any customer from a Trustee, SIPC and London Underwriters of $37.5 million, including cash of up to $900,000. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.
To qualify for the $150 cash bonus, you must open a new Motif Investing IRA account and fund with an IRA-to-IRA transfer of at least $5,000. Rollovers and annual contributions do not qualify for the cash bonus. Funds must be transferred by December 31, 2017, and remain in your newly established IRA account for a minimum of 30 days to qualify for the bonus offer. Certain restrictions may apply, as listed below. The cash bonus will be credited to your account within 45 calendar days following the 30-day qualification period. Transfers from an existing Motif account do not apply. This offer is not valid with any other offers and is non-transferrable. Motif reserves the right to terminate this offer at any time.