How it works
Trading collectibles has never been easier and more fun! Here's what you need to know
Asks vs Bids
Once the securities are live on the secondary market, sellers will indicate the ‘ask’ price, telling buyers how many shares they want to sell, and for how much. Buyers create ‘bids’, indicating the price they are ready to pay. The trade will commence when the ask and bid prices match during the trading window.
5 Trading windows per week
Investables offers 5 trading windows, from Monday to Friday, 9 AM - 4:30 PM ET. During these windows, investors can trade all eligible securities that are present on the platform.
Brokerage fees
Every Buy and Sell order that commences on the Investables platform is subject to a 1% brokerage fee paid to Dalmore Group, LLC, a registered broker-dealer and member of FINRA and SIPC ("Dalmore" or the "BOR").
Off-market hours
Investors can create ‘Post only’ orders during the non-operating hours. This means that the buy and sell orders will still match if the ask price matches the bid price. The trade will commence during the next available trading window.
To make your investing experience as frictionless as possible, we have built our platform around the 4 LAST principles:
Liquidity
Investables has partnered with an SEC-registered broker-dealer to provide “continuous” trading opportunities to the community during market hours. All trades will be conducted via Dalmore Group, LLC, a registered broker-dealer and member of FINRA and SIPC ("Dalmore" or the "BOR").
Authenticity
All securities that are traded on the Investables platform are verified and graded by the respective industry experts.
Fair ownership
Trade up to 19.99% of total amount of shares.
Transparency
See the real situation on the market at all times with our “Post only” mode.
Start trading with Investables!
It's as easy as 1, 2, 3…
Create an account and get verified
Before you start trading collectibles on the Investables platform, you’ll need to pass the KYC verification. After you submit the necessary details, our system will check them, and you will be eligible to place orders. Usually, the process takes several minutes but can take up to 2 business days. Please, take that into account when planning for your first trade.
Fund your wallet
Investors can trade on the secondary market only with a pre-funded wallet. Before placing a buy or sell order, make sure to use one of the primary top-up methods (ACH bank transfer) and have enough money on your account to make a trade.
Place your order
Remember, it’s ‘bid’ if you want to buy, and ‘ask’ if you want to sell. When placing an order, you will need to signify the price and the number of shares that you want to buy. Also, remember to set the time limit for your order–you can choose between Good till Cancel (order is valid until executed or canceled) or Good for a Day (the order will automatically be canceled if not matched during the current trading window).
Frequently Asked Questions
What is Investables Live Trading?
Buyers & sellers can use Investables platform to place bids and asks for collections listed on our platform. These orders are then matched and executed during live trading hours - Monday through Friday, 10:30 am-4:30 pm Eastern Time, excluding bank holidays.
All secondary market trading is offered through Dalmore, LLC, a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). All answers related to secondary trading are provided by Dalmore, LLC.
How does trading on Investables work?
All bid and ask orders that match for a particular collection during our market hours will be executed immediately.
All bid and ask orders that match for a particular collection after our market hours will be entered into. an order book, and will be executed next time the market opens.
How does your order matching work?
All orders match when the price of a BID and an ASK are equal or the BID price is higher than the ASK price. The matching is prioritized based on the offer price, and time of submission.
You can view all open orders in the collection’s order book at any time. Just to remind you, all matching orders are only executed during open Market Hours. In case the orders are matched outside of Market Hours, they will be executed during the next window of open Market Hours.
In case multiple investors have placed orders for the collection at the identical price, that order will be matched based on the time priority - that is, the order that was submitted first will receive priority to be matched and executed.
Small note: As there are no liquidity providers or market makers on the Investables platform, all orders will only be executed in case there is a matching order on the other side.
What if my order doesn't get matched?
If you place a “Good for a Day” order and it doesn’t get matched during the Market Hours, that order will be automatically canceled when the Market Hours are over. If you place a “Good Til Canceled” order, it will remain open until matched or canceled by you.
While your order is placed, the cash equivalent required to execute is locked and will not be available for any other use on the platform, including placing other orders and withdrawals.
How do I know when my order is completed?
When a BID order is executed, you will see a representation of your purchased collection, along with the total number of shares in your portfolio.
Once an ASK order is executed, you will see the changed cash balance in your portfolio.
You will also receive an email with all order details from us.
If you wish to view details of previous orders, you can see all of them in your transaction history.
What is the difference between “Market Hours” and the “Accepting Orders” Period?
During Investables Market Hours, all matching BID and ASK orders will execute instantly. As indicated above, the Investabels market hours are Monday through Friday, 10:30 am-4:30 pm Eastern Time, excluding bank holidays.
The Accepting Orders, or “Post-Only” period goes on during all hours outside of Investables Market Hours. This allows Investables users to place BID and ASK orders at all times. If matched, the orders will execute once Market Hours resume. The Accepting Orders period lets all users place BIDs or ASKs on a 24/7 basis.
How soon can I resell after making the purchase?
The lock-up period for all purchased shares is 3 business days. Then you can sell your shares on the platform.
Do I need to have cash on my balance to bid?
Yes, you need to have a cash balance that is at least equal to the bid that you would like to place, plus 1% transaction fee that is charged by our broker-dealer.
For example, if you want to purchase 5 shares of the collection at $100/share, you will need to have at least $505 for the bid to be placed.
Can I cancel my bid and ask orders?
Yes, you can cancel or edit your orders at any time until the order is matched and executed. To do that, go to your portfolio and check your pending orders in the orders tab.
Remember, all orders posted during the Market Hours are matched instantly, and matched orders are ineligible to be changed or canceled.
How fast will I get my cash after the ASK order is executed?
Upon execution of your sak order, your cash balance will be updated within 2-3 business days.
How do you calculate the collection's market value?
The collections listed on Investables are valued based on the last traded price per share. The market value is the sum of the total shares issued, multiplied by the last traded price.
Remember, all orders are filled only in case there is a matching order on the other side. Investables does not guarantee that you can buy or sell shares at a specific price. That includes the last traded price per share.
What rules do I have to know about when placing an order?
There are 3 key rules that you should be aware of:
1. You cannot place ASK orders below 25% of the collection’s last executed trade. Based on the platform activity, the last trade price may change throughout the day. We will automatically adjust the 25% range relative to the last trade.
2. You may NOT have open BID and ASK orders for the same collection at the same time.
3. You may not sell your shares until you have held them for 3 business days. This is done in order to allow for proper settlement of the market.
What is a Partial Match?
There are cases when only a portion of your BID or ASK is eligible to be matched during Investables Market Hours. In such a case, we will execute the matched portion of the order as an individual transaction. The remaining portion of the order will be edited to show the updated order details (the unmatched portion).
The order will remain open until fully matched, and can be partially filled several times. While the order is open, you can edit or cancel the unmatched portion as you would with the initial order.
