Fortrend’s account pays you interest on your cash balances* based on prevailing exchange rates. When you earn dividends on your UK shares for example, the dividends are added to your Sterling cash balances, which will earn you interest income. Unlike many Aussie broker accounts, there is no requirement to convert the funds back to AUD and no requirement to distribute cash out of your account. You may leave your assets in one inclusive Fortrend account ready to be reinvested.
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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Fortrend Securities Pty Ltd (ACN 055 702 693, AFSL 247261) is wholly owned subsidiary of Fortrend Securities Inc. Fortrend Securities Inc is a member FINRA, SIPC and is registered with the Securities Exchange Commission. Fortrend Securities 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. | |