Frequently Asked Questions

Find out if answers to your questions are here

About Folionet
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Opening an Account
Process

Momentarily we require for you to contact us directly at support@folionet.com to complete the registration procedure.

When an individual selects to open an account with Folionet, the first step is completing the online profile and questions. Subsequently, follows the online verification process by providing a picture of the passport, a selfie, and a picture of individual’s signature, all conveniently conducted through a mobile device or desktop camera. The last part of the process will provide several options for account funding. These are:

  1. US Bank Deposits
  2. International Wire Deposits
  3. Stock Transfer

After these steps are completed, the account should be approved immediately. However, in some cases, it may take up to 48 hours as new information may be required for final approval.

If an account is not approved, it may be because the review process concluded that the individual’s profile was not appropriate for an account at Folionet.

Requirements

Folionet makes it easy and simple to have a US brokerage account. The only requirements are:

  • Be 18 years or older
  • A valid passport.

  • A bank account.

Technology Requirements:

Folionet is currently available on iOS and Android. We provide support for mobile and tablet devices.

Folionet is available for iPhone and iPads on the App Store. We support all iOS devices running iOS 9 and above. Download Folionet for iOS here.

Folionet is available for Android on the Google Play Store. We support all Android devices running 4.4 and above. Download Folionet for Android here.

Industry-Related Individuals

You may be considered an industry-related individual if:

  • You are affiliated with or are employed by FINRA, a stock exchange, or a FINRA member firm.
  • You are the spouse of an industry related individual.
  • You are the dependent of an industry related individual.

If one of these applies, a written authorization explicitly granting you permission to open a Folionet account must be provided after being signed by the compliance officer of the related entity or employer in accordance with FINRA Rule 3210. By signing this letter, the entity has the option to receive duplicate confirmations and statements from the account.

I am not a US Citizen. I do not have a Social Security Number. Can I open an account?

Yes. You will need a valid passport and government issued ID.

What is my Foreign Tax ID Number?

Country

FTID Name

FTID Code

Argentina

Número de Identificación Tributaria

CUIT

Bolivia

Número de Identificación Tributaria

NIT

Brazil

Cadastro de Persona Fisica

CPF/CNPJ

Chile

Rol Único Tributario

RUT

Colombia

Número de Identificación Tributaria

NIT

Costa Rica

Número de Identificación Tributaria Especial

NITE

Dominican Republic

Registro Nacional de Contribuyente

RNC

Ecuador

Rol Único de Contribuyentes

NUC

El Salvador

Número de Identificación Tributaria

NIT

Great Britain

Unique Taxpater Reference

UTR/NINO

Guatemala

Número de Identificación Tributaria

NIT

Honduras

Registro Tributario Nacional

RTN

Jamaica

Taxpayer Registration Number

TRN

Mexico

Registro Federal de Contribuyentes

RFC

Nicaragua

Registro Único de Contribuyentes

NUC

Panama

Número de Identificación Tributaria

NIT

Paraguay

Rol Único de Contribuyentes

NUC

Peru

Rol Único de Contribuyentes

NUC

Spain

Documento Nacional de Identidad

DNI

Spain (non-Citizens)

Número de Identificación de Extranjero

NIE

United States

Social Security Number

SSN

Uruguay

Registro Único Tributario

RUT

Venezuela

Registro Único de Información Fiscal

RIF

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