Visit our fee schedules page for more information
You can place Limit Orders (orders will only execute at a specific price).
Limit orders are “partial until filled or canceled”
24 hours, 7 days a week, 365 days a year.
All trades are settled in USD.
No. Openfinance is a trading platform for securities only.
Certain securities are considered “restricted securities” under SEC Rule 144. Generally, these securities require a minimum period of one year from issuance before U.S. resident investors can sell or buy in the secondary market. Please consult the issuer of the security for more information regarding transfer and resale restrictions.
The Trading Wallet shows you the $USD you have available to trade, your open obligations and your trading history.
Total Cash Value - The current amount of $USD held in your Trading Wallet.
Open Commitments - Each open order or bid must be “covered” by an equal value of USD from your total cash value. The amount equal to your open buy orders is “held” to cover to cost of your bids.
Buying Power - This is your Total Cash Value ($USD) less your Open Commitments. If you want more buying power you will need to deposit $USD into your Trading Wallet or reduce your open commitments.
U.S. resident users can deposit funds in one of three ways:
Non U.S. resident users can deposit funds in one of two ways:
You can withdraw funds in one of two ways:
Funds are available for withdrawal after a trade has settled (user accounts are credited and Trading Wallets are updated). This occurs when the banking partner that holds your funds receives confirmation that the token has transferred from the buyer to the seller and completes the reconciliation of the buyer and seller accounts. Note that settlement is NOT instant and that the Openfinance platform utilizes US-based banking systems, regulations and hours. Please read the Openfinance Funds Availability Disclosure e for more information.
Evolve Bank & Trust, which is an FDIC member, with accounts insured up to a balance of $250,000.
You will receive an auto-generated email if a match fails to execute and settle. The Buyer and the Seller should consider the transaction null and void and the orders canceled.
Join our mailing list or follow us & stay informed about out news and updates