Kiwoom Securities, "Start Investing in US Stocks with a $40 Support Fund"

by Oh Jooyean

Published 06 Oct.2020 13:57(KST)

[Asia Economy Reporter Oh Ju-yeon] Kiwoom Securities announced on the 6th that it will hold the '40 Dollar Dream' event until December 31. The event targets non-face-to-face account customers who have not traded U.S. stocks and customers who have been inactive in U.S. stocks for 3 months as of the event start date.

The 40 Dollar Dream event, which has been steadily held since last year and has become Kiwoom Securities' representative event, supports customers' U.S. stock trading by providing $40 directly to the customer's account upon application.

With the deposited $40, customers can purchase stocks priced at $40 or less, or add additional deposits to buy U.S. stocks priced over $40, offering customers an opportunity to start U.S. stock trading without burden.

The $40 support fund deposited into the event application account must be used to purchase U.S. stocks within 30 days from the application date; unused amounts will be automatically withdrawn after 30 days. Additionally, withdrawal of $40 is restricted for 45 days from the deposit, and profit and loss exchange and withdrawal are possible after 45 days from the application date.

Moreover, Kiwoom Securities is conducting various events for overseas stock trading customers, including ▲0.1% online trading commission for overseas stocks with up to 95% preferential exchange rate event ▲overseas stock deposit event where customers can receive up to 300,000 KRW in cash by depositing and trading ▲a continuous overseas stock real investment competition with a total prize of 22 million KRW.

Kiwoom Securities continuously holds overseas stock education seminars to expand the base of overseas stock investors and provides the Hero Moon Global (HTS) and Hero Moon S Global (MTS) trading systems equipped with various overseas stock specialized features.