Passfolio Review: Worldwide Stocks Investing and Crypto Trading Made Easy

Passfolio Review - Worldwide Stocks Investing and Crypto Trading Made Easy
My Passfolio Review
  • Free Account
  • No Monthly Fees
  • No Trading Fees
  • Quickly Buy and Sell Stocks & Crypto
  • Very Secure App
5

My Passfolio Overview:

Until recently, traders who lived outside the USA didn’t have access to US stocks, or when they did, brokers charged big commissions for each trade.

Thankfully, Passfolio has created an opportunity for people around the world to open an investment account quickly and start investing even with $10 USD with no commissions.

Currently, I use Passfolio for day trading and swing trading. I am happy with their service and their support, which is very quick when answering questions or resolving problems.

A lot of books have been written on investment. All these books claim that people will not be able to get rich with their salaries. The primary way people can get wealthy is by investing in different assets. Previously, investment was only for rich people.

The time has changed, and everyone can start investing even with small capital. Passfolio is a company that has introduced a new way of investment. We will conduct a comprehensive Passfolio review here.

What Is Passfolio

This is a San Francisco based company. It is registered in the United States to help people invest in stocks and cryptocurrencies. It gives a fast and reliable way for people to enter the United States stock market. Also, check out our p2p cashback offers available for new investors.

Passfolio Review

How to Invest in Passfolio

If you want to start to invest using the Passfolio, you will have to open an account and deposit some money. After that, you are ready to select your investment.

How to Open an Account with Passfolio

Opening an account in a Passfolio is easy. You can start investing in the US market by opening an account. You have to be an adult. This means that your age should be more than 18 years to open the account.

All you have to do is download the app or go to the passfolio.us website and click the signup button. You have to provide some necessary information, and your account will be approved in a day.

OPEN PASSFOLIO ACCOUNT

How to Deposit Money to Passfolio

Once you have signed up for an account and Passfolio approves it, you will have to deposit the money to start investing. You can start with this smallest amount and gradually increase the amount if you like.

You can fund your account using multiple ways, like a bank account and credit card. All the transactions are done securely by using a transport layer security protocol.

From my experience, depositing money through Revolut is free of charge.

Start Investing with Passfolio

When you have deposited money into your account, you are ready to select your investment. Passfolio offers an extensive range of investment options.

You can either select the US stock market or the international stock market to invest your money. You can also select the crypto market. It can give a better return on investment, but the crypto market is more volatile.

Passfolio’s Advantages

There are a lot of benefits to investing in this company—some of these benefits given below in this Passfolio review.

No Commissions when Trading

My primary reason to try Passfolio is the fact that you don’t pay any commissions when trading stocks. They have recently introduced small commissions when trading penny stocks. But other than that, all other trades are free of charge when trading.

When trading crypto, a fee of 0.35% is charged by their crypto partner. Passfolio still doesn’t charge anything for buying or selling crypto through their platform.

Why Passfolio Is Right for You

Access to multiple stock exchanges

This company allows you to invest in multiple stock exchanges around the world. There are very few companies in the market, which let you invest in American stock exchanges from all over the world.

Passfolio is fantastic because it allows you to invest in US stock exchange and many other stock exchanges around the globe.

Mobile app available

Passfolio has an amazing mobile app that allows you to invest in the market instantly. The mobile app of the Passfolio has a fantastic user-friendly interface.

You should learn about opening the trade in the mobile app. Even if you spend less than an hour, you will be able to master the mobile app because it is easy to learn.

Diversify your portfolio with different assets in one platform

Passfolio allows you to invest in multiple types of stock options and cryptocurrencies. You can also invest in different kinds of currencies. Investing in the currency market is usually called Forex.

Having various investment options is always better because you will not need to open more accounts in different companies. Stocks, securities, cryptocurrencies, options, futures, and commodities can be used as an investment in Passfolio.

Accessible trading worldwide

Usually, all of the US investment companies allow only local US residents to open the account. This is not true with the Passfolio. They will allow traders to open accounts all over the world.

Everyone can open an account even from outside the US and start investing in the US market. The worldwide trading option is available in only a few companies.

Invest in US stocks with Passfolio

Get up to $100 Stocks

Multiple languages support

Some people have limitations when it comes to investment. Some people have money, and they want to invest, but they are not able to do it because of the language barrier. Most of the companies have their investment portals are in English.

Passfolio allows you to change the language. You can change the language of the investment portal into the language you understand. This will make it easy for anyone in the world to start investing in the United States market.

Start investing with as little as $10

If you want to go individually in the stock market and find a broker to purchase the shares, you are going to need a considerable capital. Brokers charge a huge fee to invest your money in the stock market.

With Passfolio, you are not required to invest a huge amount. Even you can start with one dollar. Upon depositing a dollar, your account will be activated, and you can test your strategy even with this less amount.

Passfolio’s Cons

The only disadvantage I can think of since I’ve started trading with Passfolio’s service is that they don’t have a web version of their trading application. When working, I spend most of my time in front of my computer, and it is easier for me to trade directly from my computer.

Conclusion

Until recently, traders who lived outside the USA didn’t have access to US stocks, or when they did, brokers charged big commissions for each trade. Thankfully, Passfolio has created an opportunity for people around the world to open an investment account quickly and start investing even with $10 USD with no commissions.

Currently, I use Passfolio for day trading and swing trading. I am happy with their service and their support, which is very quick when answering questions or resolving problems.

Get up to $100 Stocks

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Comments (2)

  1. Sunday BALOGUN 20/02/2021
    • myfintechinvestments 20/02/2021

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