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Fortrend’s account pays you interest on your cash balances* based on prevailing exchange rates. As our clearing firm is US-based, dividends paid on non-US listed shares are converted to US dollars and maintained in your US dollar cash balance, which will earn a market rate of interest. There is no requirement to distribute cash out of your account.
In addition, you may be able to earn even higher rates of return by investing in Money Market Funds. Fortrend offers a wide variety of Money Market Funds for our customers and, unlike Australia, we offer a fully integrated offshore stock broking account that maintains custody of your Money Market Funds. So when you sell your US shares the proceeds can be automatically swept into your Money Market Fund and you may be eligible to earn interest.
* conditions apply, consult your advisor
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Information on this website shall not be construed to be a solicitation to buy or offer to sell any security, product or service, nor shall any such security, product or service be solicited, offered or sold in any jurisdiction where such activity would be contrary to the securities laws or other local laws and regulations. Securities or services mentioned on this website are not being offered in the United States or to U.S. persons.
This is a Fortrend Securities Pty Ltd website. This is not a Fortrend Securities Inc. website. Fortrend Securities Inc. does not offer any products or services on this website. You may not interpret anything on this website as an offer to buy a product or service from Fortrend Securities Inc. Fortrend Securities Pty Ltd (ACN 055 702 693, AFSL 247261) makes no representations as to the completeness, accuracy, reliability or suitability of this information. Fortrend Securities does not offer any information in this website as a substitute for independent financial advice and recommends that prior to making any decision based on any information in this website, you should obtain independent financial advice in respect of any specific requirements or any investments contemplated by the reader. The advice has been prepared without taking into account the customers objectives, financial situation and needs. Customers should consider the appropriateness of the advice by taking into consideration your objectives, financial situations and needs before acting on the advice. | |
