We are often asked how is it possible to offer commission free² US stock trading to anyone in the world? When people hear about our service they may not believe it and think it is too good to be true.
I am happy to of course tell you Passfolio¹ is 100% real and does indeed offer commission free US stock trading to anyone in the world! And we do it through our United States SEC registered broker dealer, and member of FINRA and SIPC which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org. You can view our FINRA BrokerCheck report here.
Commission free US stock trading was popularized by Robinhood a few years ago and is now common in the US with the biggest broker dealers such as E*TRADE and Charles Schwab offering it to US citizens.
Passfolio’s mission is to democratize investment opportunities so we believe charging high trading fees is unfair and unjust. If US citizens are able to invest commission free why can’t you? The simple answer is there is often no reason other than foreign brokers lining their pockets.
Of course we need to make money to run the business so how do we do it?
a) Interest on the uninvested cash in user accounts through a sweep account.
b) Foreign exchange fees through some of our deposit methods.
c) Premium subscription features that are launching soon - stay tuned!
So if you or a friend are currently paying high trading fees to some foreign broker you should ask for a refund, transfer your accounts to Passfolio, and start investing commission free² today! Please see this page for information on transferring your account and if it has over $2,000 in it we will cover transfer costs up to $100.
If you have any questions or need help transferring your account please contact our amazing support team anytime at firstname.lastname@example.org or if you have a question about our mission you can email me at email@example.com.
Founder and CEO of Passfolio
1. Passfolio is the brand name of Panchain, Inc. Passfolio Securities LLC and Passfolio Financial LLC are fully-owned subsidiaries of Panchain, Inc. Passfolio Financial is a United States Money Services Business registered with FinCEN. Passfolio Securities is a United States SEC registered broker dealer, and member of FINRA and SIPC which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.
3. Passfolio strives to implement industry standard security measures. Please see https://passfolioapp.com/security for more info.
Passfolio is a San Francisco fintech company democratizing investment opportunities by creating a unified, global, and borderless investment market starting with the United States Stock Market.