Accounts can be opened by individuals over the age of 18.
We reserve the right not to open accounts for residents outside of Australia.
You will adhere to the account opening process, and if applicable confirm that we did not solicit, induce or market our services to you.
To open an Account, you must:
- complete an Application form;
- agree to be bound by these Terms and Conditions and the Terms and Conditions of our integration partners such as OpenMarkets, DriveWealth and other such partners whose services we rely on to provide you the service;
- provide us whatever information we reasonably request;
- successfully open accounts with our integration partners (as required).
We may, at our absolute discretion, decline your application for an Account.
Before you can provide us with an Instruction, you must fund your Account. Pearler retains the discretion to allow purchase of Securities or Managed Funds traded on a regulated Exchange prior to any funding.
You allow Pearler to place a hold on any funds deposited for a period of up to 10 days prior to making it available for withdrawal. We will provide you with advanced details of the hold period based on your funding method.
You allow Pearler to place a hold on funds deposited via Direct Debit (or any other funding method) until the funds have cleared at Pearler which could take up to 4 business days. After this time, the funds may be withdrawn by the customer if their funds have cleared.
You authorise Pearler, if required, to facilitate the transfer of all funds deposited into your Account to the client trust account of Pearler’s broker-dealer (OpenMarkets).
You will be notified once the funds have cleared in the client trust account and are available to invest.
You confirm that the intention of using these funds is not for any improper or illegal activity.
You may withdraw funds from the client trust account (subject to any hold period) at any time through instruction on the Pearler website and/or our mobile app.
We may request you to undergo a biometrics test to prove your identity and confirm that you have access to the accounts you are requesting a withdrawal to.
When you issue a withdrawal instruction, you authorise Pearler to facilitate the transfer of your funds from the client trust account to your local bank account.
Once you have opened an Account, you may Instruct us to buy or sell Securities or Managed Funds traded on a regulated Exchange on your behalf. We will then arrange to execute your Instructions.
You acknowledge that we manage your money as outlined in Section 4.
Your Money held with Us
Any Instructions:
- must be given to us through the Website and/or our mobile app;
- are subject to the Rules and this Agreement;
- You authorise us to act on any Instructions we genuinely believe are given by you in accordance with this Agreement.
We are entitled to assume that any Instructions given via the Website or Mobile Application using your account details are from you. You are bound by any such Instructions.
As part of executing your Instructions, you will be charged brokerage by the integration partner at the rates agreed to in the agreement with the integration partner, and any other applicable Fees and Charges in each case as specified on the Website and/or our mobile app.
The current per trade fees for ASX listed securities are:
- Minimum Commission: $0.00 per trade if you have credits in your account
- Maximum Commission: $6.50 per trade, however Pearler retains the right to pause, hold or refuse to submit any order at its sole discretion. Without limiting its rights in this regard, if Pearler suspects you are using Pearler for wholesale or institutional purposes based on frequency and / or size of trade, your account may be suspended without notice and your Equities and Cash returned to you without notice. For full details please read our FSG.
These Fees and Charges may change from time to time and may differ depending on whether a fractional or whole interest in a Security is being purchased.
You authorise Pearler and Sanlam Private Wealth Pty Ltd to receive a portion of the brokerage paid by you to the integration partner as disclosed in the Fee Schedule.
You acknowledge that the price at which the Instructions are executed may be different from the price the Security is trading at the time you give your Instructions.
We do not guarantee that your Instructions will be executed:
- in full or in part;
- by a certain time; or
- at a particular price.
FAQs
“Terms and Conditions” is the document governing the contractual relationship between the provider of a service and its user. On the web, this document is often also called “Terms of Service” (ToS), “Terms of Use“, EULA (“End-User License Agreement”), “General Conditions” or “Legal Notes”.
What happens if you agree to terms and conditions? ›
When the user accepts the terms – i.e. checking a box or clicking a button to indicate acceptance – the Terms and Conditions become a legally binding contract. However, proper presentation and acceptance methods are key to enforceability.
What should I include in my terms and conditions? ›
A Terms and Conditions agreement is where you let the public know the terms, rules and guidelines for using your website or mobile app. They include topics such as acceptable use, restricted behavior and limitations of liability.
What is I agree to the terms and conditions? ›
An “agree to terms and conditions” checkbox is a method of protecting your business by requiring that users acknowledge the rules they must abide by when using your services.
What happens if you don't accept terms and conditions? ›
What Happens If Users Don't Agree to Terms and Conditions? If users don't agree to the Terms and Conditions of a website, they're typically not given any access to use it. This is the only way that the site owner can ensure they're saving their platform from people with bad intentions.
How do you write acceptance for terms and conditions? ›
I/We hereby certify that I/We have read entire terms and conditions of the tender documents from Page No. 01 to 141 (including all documents like annexure), schedule(s), etc.,), which form part of the Contract Agreement and I/We shall abide hereby the terms / conditions / clauses contained therein.
What happens if you don't read the terms and conditions? ›
For clarity, parties who accept or sign a document that appears on its face to be a contract are deemed by law to agree to all of its terms. Therefore, the parties are bound by those terms even if they did not read the document and even if they are ignorant of some or all of its terms.
Is it important to have Terms and Conditions? ›
Because of its importance, there are 5 main reasons why you should have a Terms and Conditions agreement: to prevent abuses, to protect your creative content, to terminate accounts, to limit your legal liability and to set your governing law.
What is the difference between Terms and Conditions and a contract? ›
Here are some ways you can tell a contract and terms and conditions apart: Terms and conditions can be a whole document by itself or a portion of a contract, but it will never refer to an entire legally binding contract. A contract can be legally binding, but the terms and conditions cannot be binding by themselves.
How do you say I agree with the statement? ›
Formal “I Agree” Synonyms
- I concur. If you're looking for another way to say I agree, this phrase is about as direct a synonym as you can get. ...
- You're right. This phrase is straightforward. ...
- Absolutely. ...
- Definitely. ...
- Exactly. ...
- I couldn't agree more. ...
- I'm with you on that. ...
- I couldn't have said it better.
While a Terms and Conditions agreement is not legally required, there are many reasons why you should have one anyway. The biggest reasons to have a T&C are: To maintain control over your website/service/app. To keep your users informed about the relationship between them and your business.
What is an example of agree? ›
1
- We agreed about some things, but we disagreed about others.
- They agreed among themselves.
- She says that a change is needed, and I agree completely.
- I couldn't agree more.
- We can all agree on/about one thing: the current law needs to be changed.
- Some critics have called the movie a masterpiece, but not everyone agrees.
Are Terms and Conditions legally binding? Since they are a contract, terms and conditions are legally binding to every extent. When you set your terms of service and users agree to them, they formally accept a legal agreement. That's also why you need to notify your users if you make any changes to your document.
Why do you need to accept the terms and conditions? ›
A Terms and Conditions agreement acts as a legally binding contract between you and your users. It's the agreement that sets the rules and guidelines that users must agree to and follow in order to use and access your website or mobile app.
What happens if you do not read the terms and conditions before clicking accept or signing the contract? ›
What happens if you do not read the terms and conditions before clicking “accept” or signing the contract? Answer You don't know the expectations of the contract. If you don't know the expectations then you can't honor the contract, so you end up violating the contract and getting in trouble.
Is it illegal to use someone else's terms and conditions? ›
No, you can't use someone else's terms and conditions. Copying legal policies is a copyright infringement that could put you at risk of legal penalties. At most, you can draw inspiration from other business's terms and conditions.
