Founded in 2018, Passfolio is a fintech company that is based in San Francisco, United States of America. They operate the STP execution model, which ensures optimum transparency and no conflict of interest. The broker allows traders in over 170 countries to invest in various financial instruments across different asset classes — United States dollars, stocks, ETFs, and REITs — using their local currency or cryptocurrency. They provide traders with a proprietary trading platform that is available as a mobile app and also make available a selection of learning materials to assist traders. There is a professional customer support team to assist traders in every step. A live trading account can be opened with a minimum deposit of $100, and no commission is charged on trades.
Passfolio Review Introduction
In this Passfolio review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Passfolio.
Passfolio Platforms & Tools
Clients can trade various financial markets using an in-house-developed trading platform. The Passfolio trading platform is available as a mobile app for Android and iOS devices. The trading app can be downloaded from respective app stores and used to place trades and check trading positions while on the move. All levels of traders can trade with the Passfolio trading platform due to its easy-to-use user-interface. The platform allows you to open an account in a few easy steps, fund your account, and begin trading with a minimum deposit of $100.
Passfolio Research & Education
Passfolio provides traders with a good selection of educational resources that help to improve their trading knowledge whilst keeping them informed on the factors that move the financial markets. Some of those resources include trading blogs, trading articles, trading guides, and more.
Passfolio Trading Accounts
The broker offers a single live trading account with a minimum deposit requirement of $100. There are no commission charges on the live trading account. Demo accounts are provided for practice purposes.
Passfolio Account Funding
Traders are allowed to deposit and withdraw funds to and from their trading accounts using any of the following payment methods: Bank transfers and electronic payment processors (Neteller, Skrill, and more).
Some payment methods may not be available in certain countries, while the transaction processing time depends on the payment method.
Passfolio Customer Service
The broker’s client support team is available to respond to clients’ trading inquiries via the following contact channels: telephone, email, Live Chat, and social media.
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. The firm is a United States Money Services Business and SEC-registered broker-dealer.
Passfolio Review Summary
Passfolio is an online trading broker that was launched in the United States of America in 2018. The brokerage firm operates the STP execution model and offers access to trade various financial instruments using a proprietary trading platform that is available in the mobile version. The broker makes available a selection of useful learning materials and also offers a knowledgeable customer support team to assist traders. The live account requires a minimum deposit of $100 and charges zero commission on trades.
It is worth mentioning that some of the trading products and services in this Passfolio review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Passfolio broker website which you can visit by using the link below.
All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Consider the investment objectives, risks, charges, and expenses of a fund before investing.