This was posted 5 months 7 days ago, and might be an out-dated deal.

  • expired

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

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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.

Referral Links

Referral: random (204)

Both referrer and referee get 1 credit each.

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closed Comments

  • +2

    Cash is not redeemable for cash

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

  • +2

    Can we claim prepaid brokerage in tax

    • Very good question

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

  • +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.

    • +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

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

    • 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.

    • +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.

  • 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

  • +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).

    • +1

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

    • +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🤔

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