Frequently Asked Questions

 

 

How do I fund my account ?

How do I withdraw money from my account ?
Will my funds on deposit be safe?

How do I know if my account has been opened?
When will my funds be posted to my account?
Do I need a broadband Internet connection to trade with Globalink?
How do I transfer my account to your company?
How do I transfer assets from one Globalink account to another?
Can I earn interest in my account?

Can I trade OTC bulletin boards, pink sheets or penny stocks?

How much will it cost to transfer my account to your firm?

 

 

 

How do I fund my account ?                                                                                                                                 

 

Clearing By Wedbush Morgan Securities   You may use one of the following payment methods; 1. Wire funds directly to: The Bank of New York ABA ROUTING: 021000018 BENEFICIARY: Wedbush Morgan Securities A/C NO: 8540900001 FBO: (Your Account Name) A/C: (Your Account Number)   Beneficiary Address: 707 Wilshire Blvd., Los Angeles, CA 90017 2. Mail Checks & Securities to: New Accounts Department Globalink Securities, Inc. 529 E Valley Blvd Ste 228C San Gabriel, CA 91776, USA Make checks payable to: Wedbush Morgan Securities *Checks must be in U.S. ($) Dollars.

Clearing By Penson Financial Services   You may use one of the following payment methods; 1. Wire funds directly to: JP Morgan Chase ABA ROUTING: 021-000-021 BENEFICIARY: Penson Financial Services, Inc. A/C NO: 066600030 FBO: (Your Account Name) A/C: (Your Account Number)   Beneficiary Address: 277 Park Ave,New York, NY 10172 2. Mail Checks & Securities to: New Accounts Department Globalink Securities, Inc. 529 E Valley Blvd Ste 228C San Gabriel, CA 91776, USA Make checks payable to: Penson Financial Services, Inc *Checks must be in U.S. ($) Dollars.

 

 

 

 

How do I withdraw money from my account ?                                                                                                     

 

To withdraw money from your account, you must fill out and submit a withdrawal request form. Once received, your request will be processed within 1-3 business days. Please note that funds may be withdrawn by the signatory of the trading agreement alone.

 

If it is a joint account, then BOTH account holders must sign the withdrawal request. No third party payments are allowed. Additionally, funds can be withdrawn by Check/Wire. Certain withdrawal fees may apply. Please call us for more information.
 

 

How do I know if my account has been opened?                                                                                                  

Once your account has been opened, you will receive an email from our company with instructions for logging in, as well as instructions on how to fund your account.
 

 

When will my funds be posted to my account?                                                                                                    

Your funds will be posted within 2-3 business days if sent by wire transfer, 8-10 business days if sent by check (once we receive it).

 

 

Do I need a broadband Internet connection to trade with Globalink Securities, Inc.?                                        

You are not required to have a broadband connection; dialup connection may be used. However, Globalink and Our Trading Systems strongly recommend using a high speed internet connection for optimal performance.

 

 

 

How do I transfer my account to your company?                                                                                                

 

If transferring from a brokerage firm, please complete the Account Transfer Form (WMS) (PFS). If transferring from a Mutual Fund company, please complete one Account Transfer Form per fund that will be transferred. You have to make sure the account at Globalink is opened in the same name(s) as the sending firm. In addition, you need to enclose a copy of a recent statement from the sending firm.

 

 

 

How do I transfer assets from one Globalink account to another?                                                                     

Transferring assets between Globalink accounts requires an internal transfer form (WMS) (PFS).. IRAs have certain exceptions; please contact us for more information. Your completed form must include both account numbers and a detailed description of the assets to be transferred (such as the exact amount of cash and/or number of shares of each security you wish to transfer). If you wish to transfer everything in the account, specify "all assets."

The form must be signed and dated by all account owners of the delivering account (the account the funds are being transferred from). However, if a debit balance is part of the transfer, the receiving account owner signature(s) also will be required.

 

 

Can I earn interest in my account?                                                                                                                       

When legally authorized, Globalink pays interest on eligible free credit balances in your account. Simple interest is calculated on the entire daily balance and is credited to your account monthly. This is a convenience service only and is subject to the current company's rates and policies, which are subject to change without notice.

 

 

Can I trade OTC bulletin boards, pink sheets or penny stocks?                                                                           

Yes. Over-the-counter bulletin board (OTCBB), pink sheets and penny stocks (hereafter OTCBB) can be bought and sold via the Internet, and our phone system or with a broker. OTCBB securities usually represent shares of new or small companies which are traded by dealers via manual procedures. Investing in OTCBB securities can be very risky, and investors may lose all or part of their investment in a relatively short period of time. Accordingly, the trading rules for OTCBB securities differ significantly from listed or NASDAQ securities. Quotes for OTCBB securities may not be accurate as the securities may trade on a manual basis, and frequently "real-time" quote information, or even firm quotes, may not be available. Investors should also be aware that frequent symbol changes, additions and delistings occur in the OTCBB market. Before placing an order for an OTCBB security, please review the OTCBB Securities Trading Rules. You should also take the time to carefully research the company and examine your investment objectives.

 

 

How much will it cost to transfer my account to your firm?                                                                                

We will charge clients a $20 account set-up fee to transfer an account to Globalink. However, there are sometimes fees attached to holding certain types of assets in your Globalink account. Delivering firms will usually charge fees to transfer the account out, which may result in a debit balance once your transfer is completed. To avoid transferring the account with a debit balance, contact your delivering broker to clear up any fees before transferring the account.