Remember, your capital is at risk. Foreign exchange & other fees may apply, please see our pricing table.
The ability to cancel an order is dependent on your account type. You are able to cancel any pending orders on an Instant GIA. However, once an order has been completed, then you are unable to cancel or make any amendments to the order.
With a Standard GIA or ISA, all orders are submitted in bulk to complete in our trade window so once an order has been created, it cannot be cancelled.
When you sell or buy shares in US companies, your cash will be converted from GBP to USD. Wombat Invest collects a small fee (FX fee) for this currency conversion - it helps us generate revenue, grow the business and bring you even more benefits and features. Did you know that you also get 0.2% cashback on every buy you make with an Instant GIA? You just need to place a buy, and weekly, the cashback will automatically be applied to your Wombat cash account. See the full T&Cs here
View our pricing here.
To fully comply with UK, EU and global regulations, Wombat may require photo ID to enable us to verify the identity of all users.
Opening an investment account with Wombat is quick and easy. You'll need to download the Wombat app, available on the Play Store (for Android devices) or the App Store (for iOS devices). Once you've installed the app, enter your details to register for a Wombat account, and then after you have successfully registered you will be presented with the account selection screen. Read the information on each account type, and then simply tap on the account you want to open to start the ID verification process.
The shares available for our Instant GIA are traded on the New York Stock Exchange (NYSE) which is open Monday-Friday (excluding US bank holidays) 9:30 am to 4:00 pm New York (NY)/Eastern Time (ET). This is usually 14:30 - 21:00 UK time but is subject to change according to daylight savings time.
View holidays and trading hours for the NYSE here.
If you place your trade outside of market hours, you can expect your pending trades to complete when the NYSE next opens.
Standard GIA or ISA
The majority of shares available for our Standard accounts are traded on the UK market, however, a selection of US stocks are available too. We trade once a day (this allows us to keep your account fees low) shortly after 15:00 each business day (excluding bank holidays). Trades on this account will complete shortly after 15:00 (if placed before the market opens, any trades placed after this will complete on the next working day).