Toss Securities Hosts 'Overseas Stock Purchase Support Cashback Event'

[Asia Economy Reporter Minji Lee] Toss Securities announced on the 19th that it will hold a ‘Overseas Stock Purchase Support Cashback Event’ until the end of this month for customers making their first transaction with Toss Securities.

This event targets customers who have no prior stock purchase experience with Toss Securities. Even if they already have a Toss Securities account but have never purchased stocks, they can participate. The purchase support fund will be given through a random draw, ranging from a minimum of $4 to a maximum of $1,000.

Participation in the event can be done on the ‘Overseas Stock Cashback’ event page on the stock tab home screen within the Toss app. By clicking the ‘View My Cashback’ button, customers can immediately check the purchase support fund they have won. The support fund is granted immediately when the customer makes their first overseas stock purchase equal to or exceeding the winning amount within 3 business days from the winning date. However, since the purchase support fund is based on the total order amount of the first overseas stock purchase, if the customer buys stocks priced lower than the winning amount in multiple installments, the support fund will not be granted. If the customer purchases multiple shares of stocks priced lower than the winning amount in a single order and the total order amount meets or exceeds the winning amount, the purchase support fund can be received.

Toss Securities’ overseas stock service was launched early last month, attracting the anticipation of 700,000 pre-registrants. It currently supports investment in over 2,700 U.S. stocks and exchange-traded funds (ETFs), including leveraged ETFs like TQQQ. With the first large-scale MTS update of the new year this month, investing in pre-market and after-market sessions outside regular trading hours has become possible. Additionally, Toss Securities plans to introduce fractional overseas stock trading in the first quarter of this year to expand customers’ investment experience.

A Toss Securities representative stated, "Like last year’s ‘Get One Stock’ event, Toss Securities’ customer events are designed to help customers who are not familiar with stock investment gain investment experience," adding, "We will strive to quickly reflect customer feedback and provide a more satisfying investment experience."