With Passfolio, you’re availed the chance to create and set up a live trading account. But before creating the account, you may have to find out Passfolio’s broker fees and additional fees (if they ever apply). This is to ensure you can afford those fees before diving into the broker-provided online trading.
Passfolio is a US-based outfit launched in 2018 and which caters to a worldwide audience of traders. The San Francisco-based firm provides its broad range of clients with an avenue for investing in differing assets such as ETFs, stocks, REITs, US dollars, etc.
Passfolio account creation isn’t much of a long-winded procedure. All you have to do is complying with the few simple steps below:
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- Visit the broker’s website by clicking here
- On the site’s homepage, click the blue-colored Sign Up button
- On the page that emerges, toggle down to the Create a New Account section
- Input all the requested details (name, email, address, mobile number and tax number) in the relevant spaces
- Complete the sign-up process by scanning your ID as well as verifying the email address you provided
To avoid struggling to complete the sign-up process, it’s important to ensure the name you’re providing is the same as that on your photo ID. Also important is checking all of Passfolio’s terms and conditions and ascertaining that you’re satisfied with them before acceptance.
Is Passfolio Safe and Credible?
The broker states that its services are not available in locations or countries and territories where the services may be illegal. If you access the broker’s services from other locations, you do so at your own risk and are responsible for compliance with local laws. In particular, Passfolio is not authorized by the Brazilian Securities and Exchange Commission (CVM) to offer securities distribution services to investors who reside, are domiciled or incorporated in the Federative Republic of Brazil.
IS PASSFOLIO SCAM OR LEGIT?
Passfolio is the brand name of Panchain, Inc. Passfolio Securities LLC and Passfolio Financial LLC are fully-owned subsidiaries of Panchain, Inc. Passfolio Securities LLC is a member of the Financial Industry Regulatory Authority (FINRA) and the SIPC.
To confirm if passfolio is scam or legit, lets check the screenshot below gathered from few investors on trustpilot
Technically, we can not ascertain if passfolio is scam or legit for now. If you’ve had any financial dealings with the company kindly update us via the comment section below.
Buying Stocks within the Passfolio App: How Is It Done?
The Passfolio Android/iOS app is a nicely built tool that lets you have hitch-free access to Passfolio. In particular, you can get started with purchasing stocks by simply exploring the “discover” tab within the app. Following that, you’ll have to use the provided search widget for locating the company you intend to buy stocks from.
Tap the “trade” button once you’ve selected your preferred stock. Then input the dollar equivalent of the price of the preferred stock. As a plus to the guaranteed access to stocks purchase, the Passfolio app lets you see the equivalent amount of stock for the amount of real currency you’re putting up as investment.
Educational Resources and Trading Tools
Passfolio has got a decent range of useful resources such as articles, trading guides and blogs. These resources are otherwise the educational tools that prospective traders need for building their knowledge and skills.
Passfolio’s trading tools are an array of built-in features available for traders to make good use of their trading. The only downside here is that only built-in tools are available to traders on the Passfolio website.
What Are the Supported Withdrawal/Deposit Methods?
E-payment (using Skrill, Neteller, etc) and bank transfer are the two basic methods for Passfolio fund withdrawal as well as fund deposit.
Customer Support Team
Passfolio’s customer support section is made up of responsive and well-behaved individuals who respond to customers’ complaints and enquiries through social media, email and telephone.__________________________________________________________________________ >COPYRIGHT WARNING!!
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