Top Mover: 5 Conditions for Fee-Free Overseas Stocks, Why You Must Check Them?

The conditions are exactly five.

Nowadays you must read the 'conditions' before the event name.

Retail investors often say, "It said free but the account setup is complicated."

That is true, missing the conditions will cost you the benefit.

Quick answer, the 5 fee-free conditions

1) New account opening bonus

2) Deposit or currency exchange above a certain amount

3) Achieve specified trade frequency or amount

4) Enroll in regular investing (monthly auto-transfer)

5) Referral approval

These five are the patterns brokers use most often.

Does opening a new account always mean free fees?

Some promotions waive fees simply for account opening.

However, the 'new' definition and event period are usually specified.

Sometimes documents submission or non-face-to-face verification is required, so check.

What about deposit and FX exchange conditions?

They often require a minimum KRW deposit or FX exchange recorded for overseas stocks.

The deposit rule may require 'balance maintenance' or only a 'transfer', which causes confusion.

Check exchange preferential rates and FX fee waiver conditions separately.

FX fee means the cost the broker adds when converting currency.

What do trade frequency or amount conditions mean?

There are monthly trade count requirements or cumulative trade amount thresholds.

Phrases like "trade three times a month" are common, but some programs use trade value criteria.

How are regular investing events different?

If you auto-transfer a set amount monthly, brokers may waive some or all fees.

Be careful of early termination penalties or minimum subscription periods.

How to check referral conditions?

Referral codes plus verification of the referrer's 'valid trades' are often combined.

Referral rewards come as cash, points, or fee coupons in various forms.

So, what to do first

→ 1. Read the event notice to the end including 'Terms and Conditions'

→ 2. For new accounts, confirm the 'new' criteria, period, and verification method

→ 3. For exchange and deposits, check whether 'balance maintenance' is required and the exchange preferential rates

This is for reference only.

PickStock 💡

※ This article is for information only and is not investment advice.

※ Investment decisions and responsibility rest with the investor.

※ Figures are as of the time of writing and may change.

This article is for information only and is not investment advice.