About OnePay Invest
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In this article
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In this article
What is OnePay Invest?#
OnePay Invest lets you buy and sell stocks and ETFs directly from your OnePay account. All trades are funded through your OnePay Cash account, making it simple and seamless to manage your investments alongside the rest of your OnePay accounts.
What type of account is available with OnePay Invest?#
OnePay Invest offers individual taxable brokerage accounts. Joint, custodial, and retirement accounts (like IRAs) aren’t supported.
What investments can I trade?#
You can trade most U.S.-listed stocks on the NYSE or Nasdaq and a selection of ETFs. Penny stocks, mutual funds, derivatives, options, OTC investments, and leveraged ETFs are currently not offered through OnePay Invest.
Where are my investments held?#
OnePay Invest is offered through One Growth Securities LLC, a subsidiary of OnePay. Brokerage and custody services are provided by DriveWealth, a licensed and regulated clearing broker that works with One Growth Securities LLC to help complete your trades and keep your investments safe.
Does OnePay choose investments for me?#
OnePay Invest is self-directed, which means you make all the decisions about buying and selling your investments. OnePay doesn’t provide recommendations or investment advice.
If you’re unsure what to invest in, consider researching stocks and ETFs or speaking with a licensed financial professional for guidance.
What risks should I be aware of?#
Investing involves risk, including the possibility of losing money. Some key risks to be aware of include:
Market risk: Prices may rise or fall with overall market conditions
Rapid price changes: Prices can change quickly, sometimes by a lot
Company-specific risk: A single company’s performance may affect its stock value
Hard-to-sell investments: Some stocks may be more difficult to sell quickly
Dividends: These aren’t guaranteed, and companies can reduce or stop paying them at any time
Stock markets move up and down, and past performance doesn’t guarantee future results. OnePay Invest doesn’t provide investment advice or guarantees. If you’re unsure about investing, consider researching stocks and ETFs or speaking with a licensed financial professional for guidance.
What are the fees for an Invest account?#
Your OnePay Invest account has no trading commissions or maintenance fees.
When you sell investments, small SEC and FINRA regulatory fees may apply, and these will be shown in the app before you place your sell order. Regulatory fees apply no matter which investing service you use, and OnePay simply passes them along—we don’t make money from them.
If you choose to transfer your account to another firm, you may be charged $90 transfer fee.
For complete details, see the OnePay Invest Account Agreement.
Why do I have to pay regulatory fees?#
When you sell an investment, regulators (like the SEC and FINRA) charge a small fee to help pay for the oversight of U.S. markets. These fees apply no matter which investing service you use, and OnePay simply passes them along—we don’t make money from them.
The FINRA Trading Activity Fee (TAF) helps cover the cost of market regulation, and the SEC Fee is collected by the U.S. Treasury to support market oversight.
You’ll see any applicable fees in the app before you place a sell order.
Is my Invest account insured?#
Yes. Your Invest account is protected by the Securities Investor Protection Corporation (SIPC) through DriveWealth. SIPC protects customers of its members up to $500,000 (including $250,000 for claims for cash). You can learn more in the explanatory brochure at www.sipc.org.
SIPC protection applies if a brokerage fails, and it does not cover market losses. In addition, your OnePay Cash account is FDIC-insured.
Where does market data come from?#
Market data is provided by QUODD and Nasdaq Last Sale. In the OnePay app, you can see real-time stock and ETF prices, company charts, performance trends, and news updates.