Buy $100 Pearler Credit (Use for Paying Brokerage), Get $50 Bonus (33% Discount) @ Pearler

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aneil915 on 30/01/2022 - 16:26 pearler.com (152 clicks)
Last edited 31/01/2022 - 15:04 by 1 other user

Prepay and save 33%

Invest smarter in 2022 with our newest offer - Pearler Credit.

Buy $100 of Pearler Credit and get an additional $50 for your buys. That’s a 33% discount, reducing the cost from $9.50 to $6.33 per buy.

Lock it in today as this offer is only available for a limited time!*

Pearler Credit lets you pay less for brokerage fees, but really, it’s a way to simplify your investing journey. And it’s locked in from the moment you buy^, so you’ll receive even more trades if we drop our prices. 😉

Note:

• Pearler Credit is not redeemable for cash and cannot be transferred to other users. It expires after 10 years.

^Pearler Credit purchases are non-refundable or transferable, and come with a 10-year expiry.

EDIT:
credit to CamM

Pearler recently announced "…we are dropping our prices. We’re currently figuring out the finer details, [but] we have a fairly good idea that we’ll land somewhere between $5.00 and $6.50." So if Pearler's standard pricing drops to $5.50 (for example), then pre-purchased Pearler Credit would lock in future buys at $3.67/trade.

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  UsernameChecksIn on 30/01/2022 - 16:58

  +2

  Cash is not redeemable for cash

  • 

    aneil915 on 30/01/2022 - 17:05

    Pearler Cash is not redeemable for cash. Wording should really be Pearler Credit is not redeemable for cash.

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  dumkaze on 30/01/2022 - 17:05

  +2

  Can we claim prepaid brokerage in tax

  • 

    Tleyx on 30/01/2022 - 17:32

    Very good question

    And if you can't claim them until usage can you claim them if they expire at ten years?

• 

  Aureus on 30/01/2022 - 17:32

  +1

  I don't understand why anyone would want to prepay for brokerage, when you could just go with a cheaper broker instead. It is also going to make tax calculation more difficult.

  • 

    Tleyx on 30/01/2022 - 17:34

    +2

    A business that has cash flow issues would prefer you to prepay….not saying pearler has this issue as I haven't see their books

    But if Pearler goes into administration your pearler cash might be at risk

• 

  Tleyx on 30/01/2022 - 17:37

  Can you use a mixture of pearler cash and real cash for brokerage or will you lose some pearler cash on your last order?

  • 

    CamM on 30/01/2022 - 18:24

    Good question and one that hasn't been clearly answered in the current offer or via Pearler's help pages. I have submitted a query to customer support. I can't see that you would forfeit any outstanding pre-purchased credit balance, so would expect them to have some sort of mechanism for managing "partial" credits.

  • 

    CamM on 01/02/2022 - 10:06

    +2

    Can confirm that if there is a Pearler Credit balance remaining that doesn't 100% cover the brokerage fees for a trade, then the gap will be sourced from your Primary Cash Account. So in effect, there is no loss of Pearler Credit.

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  parsimonious one on 30/01/2022 - 17:50

  Why on earth would you tie up/ risk your cash with this company to save a relatively small amount of brokerage?

  Someone like interactive brokers has lower brokerage all day every day so I don’t think this is a bargain

  Ps I have no affiliation with IB expect as a low level account holder

• 

  djmm on 30/01/2022 - 17:51

  -8

  I don't even know what this is

• 

  CamM on 30/01/2022 - 18:11

  +3

  FWIW, what wasn't mentioned by the OP was that Pearler recently announced "…we are dropping our prices. We’re currently figuring out the finer details, [but] we have a fairly good idea that we’ll land somewhere between $5.00 and $6.50." So if Pearler's standard pricing drops to $5.50 (for example), then pre-purchased Pearler Credit would lock in future buys at $3.67/trade.

  The way I see it, the offer is aimed at people who want to buy smaller parcels more frequently and ties in with their auto-invest option and those who are considering to use their "round-up" feature (also recently announced, but no ETA).

  • 

    aneil915 on 30/01/2022 - 20:32

    +1

    Cheers, I've added that info to my post.

• 

  ShouldIBuyIt on 30/01/2022 - 18:13

  -4

  Just trade with Westpac or CBA, get the 3 days settlements. If you try to cut corner on brokerage fees, that means you're trading too much. Although that could benefit experienced investors, newbies will end up naked by focusing on brokerage fees.
  I don't think it's a good business model, sorry OP.

  • 

    Puglife on 30/01/2022 - 19:21

    +1

    Don't worry about us noobs. We got it all figured out 😁
    I always start my trading without clothes so I'm never caught unaware when the brokerage fees try to rip my clothes off.
    As an experienced investor I would have thought you had figured out how to navigate that difficult situation🤔

    • 

      ShouldIBuyIt on 30/01/2022 - 19:50

      Lol ok