Passfolio Review – What Are Passfolio Benefits?

Passfolio is a San Francisco-based fintech company that offers commission-free trading on US stocks, exchange-traded funds (ETFs), REITs and cryptocurrencies via their mobile app and web platform.

The company is regulated by the SEC and FINRA, and is also a member of the Securities Investor Protection Corporation (SIPC), providing customers with extra protection for their money.

Free stock reward

Passfolio offers free stock for new users when they deposit a minimum amount of cash or crypto via their wallet. You can also earn free stocks for referring friends and family.

The app allows investors to trade in over 3,800 stocks, ETFs and options. It also offers advanced research tools to help you make more informed investment decisions.

Unlike most brokerages, passfolio is one of the few apps that offers commission-free trading in all assets including stocks and cryptocurrencies. It’s also a regulated broker in the US with a number of security features.

Using the app is free, and you can fund your account through wire transfers, SafetyPay, ACH, SWIFT, TEDs, TransferWise and SEPA. However, withdrawals carry a fee.

Access to commission-free trading

Passfolio is an online investment platform that allows users to invest in stocks and cryptocurrencies without paying any commission fees. It is a great option for people who want to trade stocks for the first time.

The app also offers a referral program where you can earn extra stock rewards for inviting friends to open accounts. Moreover, the company provides a guide to investing with tips and tutorials.

In addition, the website contains a section for education and offers FAQs on trading and personal tax advice. It also provides a customer support centre and a trading terminal API.

The website is mobile-friendly and offers two-factor SMS verification. However, it lacks customizable features and has a limited selection of order types. In addition, withdrawals are not free and can be expensive.

Easy to use

Passfolio is an investment platform that offers a safe and secure way to invest in the US stock market. It allows investors to trade in US stocks and cryptocurrencies without any fees or minimum deposit.

Passfolio was founded in 2018 as a commission-free stockbroker, regulated by the SEC and FINRA. The broker has an excellent mobile app and is a good choice for beginner investors.

In addition to its main account, Passfolio also offers a Pro account with extra features like margin trading and dividend reinvestment. A subscription to Passfolio Pro costs $5 a month with the first month free.

Safety

Passfolio provides a number of security measures for its users. For instance, the company does not store passwords in plain text; instead, it uses the BCrypt hashing algorithm to protect user information.

In addition to this, the app also has a secure login experience and two-factor authentication. These features help protect your personal data and ensure that only you can access your account.

To verify your identity, you will need to upload a government-issued ID card like a passport, national identity card, or a driver’s license. This process can take up to 48 hours before you are verified.

Passfolio is a legitimate broker-dealer that is regulated by some of the top organizations in the United States. It is also a member of the Securities Investor Protection Corporation (SIPC), which offers additional protection to its customers up to US$500,000 including a claim for cash in the amount of $250,000.