Frequently Asked Questions
Find answers to common questions about Grow Sphere Capital services
How do I open a Grow Sphere Capital account?
+Opening a Grow Sphere Capital account is easy and can be done online in just a few minutes. You'll need to provide personal information, employment details, and funding information. Visit our "Open an Account" page to get started.
What is the minimum amount to open an account?
+There is no minimum balance required to open most Grow Sphere Capital accounts. However, some mutual funds and advisory services may have minimum investment requirements.
Are stock trades really commission-free?
+Yes, Grow Sphere Capital offers $0 commission for online U.S. stock, ETF, and options trades. Options trades are subject to a $0.65 per contract fee. Other fees may apply for broker-assisted trades and certain specialized services.
What trading platforms does Grow Sphere Capital offer?
+Grow Sphere Capital offers several trading platforms including Grow Sphere Capital.com, the Grow Sphere Capital mobile app, and Active Trader Pro for advanced traders. Each platform provides different features and tools to meet various trading needs.
What fees does Grow Sphere Capital charge?
+Grow Sphere Capital has eliminated many fees including account maintenance fees and domestic wire transfer fees. We charge $0 for online stock and ETF trades, though some services like broker-assisted trades and certain fund transactions may have fees.
What retirement accounts does Grow Sphere Capital offer?
+Grow Sphere Capital offers Traditional and Roth IRAs, SEP-IRAs, SIMPLE IRAs, and 401(k) plans for employers. We also provide rollover services to help you consolidate retirement accounts from previous employers.
How much should I contribute to my retirement account?
+The amount you should contribute depends on your age, income, and retirement goals. As a general rule, aim to save 10-15% of your income for retirement. Our retirement planning tools can help you determine the right amount for your situation.
How do I transfer money to my Grow Sphere Capital account?
+You can transfer money to your Grow Sphere Capital account through electronic funds transfer (EFT) from your bank, wire transfer, mobile check deposit, or by mailing a check. EFT is the most common and convenient method.
Can I trade international stocks?
+Yes, Grow Sphere Capital offers international trading capabilities. You can trade stocks listed on major international exchanges, though additional fees may apply for foreign transactions.
Is my money safe with Grow Sphere Capital?
+Yes, Grow Sphere Capital is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Grow Sphere Capital also carries additional insurance coverage beyond SIPC protection.
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