The euphoria of stock investment continues to soar, encouraging more and more platforms that provide access for the capitalist community to participate in enlivening the stock market. One of them is Gotrade.
Gotrade is an application that is currently being discussed among investors who love international stocks, especially American stocks.
What is Gotrade?
Before knowing more about Gotrade security, you should first understand what Gotrade is. According to the official website, www.heygotrade.com, Gotrade is one of the foreign stock investment platforms that uses a fractional trade transaction system.
This means, if the valuation per foreign share to be purchased is too expensive, investors will still be able to buy the shares with fractional shares or the smallest unit of shares (split price).
The Gotrade app allows any investor to buy shares overseas for even US$1. For example, if the share price per share of Facebook is US$ 322, every Gotrade investor can buy the shares with a nominal value of US$ 1 and will get ownership of several percent of the price of one foreign share.
Even though the ownership of the shares is less than 1 lot, Gotrade investors still have the opportunity to get dividends from the performance of the company's shares. Every time a dividend is distributed by the company, the profit will automatically enter the Gotrade user's account based on the percentage of ownership.
In addition, the Gotrade application even allows investors to determine the budget amount, and can automatically calculate the number of fractional shares that have been purchased. The transactions carried out also take place in real time and seamlessly following the working hours of the US stock exchange (Wall Street). The US stock exchange began operating at 21.00 to 3.00 o'clock.
Is Gotrade Safe?
In the transaction of buying and selling shares, this application will later act as a service provider that has many relationships related to various other companies.
Meanwhile, if you are an investor who uses this application, then you will act as a customer who uses the Gotrade application service to access foreign stocks, such as tools, deposit funds, charting tools, and so on.
We can download Gotrade app on play store for android or app store for iPhone. To avoid applications that have the potential to contain malware, spyware, or viruses, make sure you download them directly from the official source.
The Gotrade application is an overseas stock investment platform pioneered by TR8 Securities Inc in early 2021. Gotrade is regulated by the Labuan Financial Service and Securities Act 2010 in Malaysia, with License Number SL/20/0014. Currently Gotrade operates in 150 countries.
Investing in Gotrade is quite safe. This is because the Gotrade service is directly supervised by the Labuan Financial Services and Securities Act based in Malaysia.
The institution or agency also has the same role as the Financial Services Authority. Reporting from its official website, it is explained that Gotrade also has a clearing broker in America called Alpaca Securities LLC which has been supervised and is bound by regulations with the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
Funds that can be protected by Gotrade are up to US$500,000. Thus, this protection will ensure the safety of investors' funds if Gotrade closes. So far, do you understand whether Gotrade is safe or not?
Advantages of Gotrade
After knowing that Gotrade is safe for investing, you must also know what are the advantages of Gotrade.
As an alternative means of investing in foreign stocks, Gotrade has several advantages compared to other investment platforms.
- Has a user-friendly appearance or is easy to use by users of various backgrounds and ages.
- Easy way to register
- Can invest and buy company shares on the United States Wall Street exchange
- Minimum deposit starts from $10 USD Fractional trade system or no minimum purchase 1 lot
- There are no buying or selling transaction fees
- No custodial commission
- Even though share ownership is only under 1 lot (100 shares), investors will still receive dividends
- Exchange hours adjust to Wall Street exchange hours
- Instant and paperless: the account can be activated immediately using the invite code and there is no need to send files
- Accept deposits and withdrawals from local banks
Disadvantages of Gotrade
- Account registration is limited, so potential investors need to receive an invitation token to create an account
- Exchange hours that follow US time are evenings in Indonesia
- The limit for instant deposits is a maximum of USD $999.
- For deposits exceeding $999, the transaction completion time is around 3 days.
- So, those are some explanations regarding whether Gotrade shares are safe?
Conclude that, the Gotrade application is safe and is not a fraudulent or fraudulent application
.Interested in trying Gotrade, now you will be given USD2 for free to trade on Gotrade. The method is easy, you only need to enter the code 3 8 6 9 9 0 as a reference code.
What you need to do is only 5 steps
- Click here to register https://heygotrade.com/referral?code=386990
- Register your notice and validate your account
- You only need to enter the code 3 8 6 9 9 0 as a reference code tp get USD2
- You will be given USD2 for free after your account is validated within 24 hours.
- You can buy whichever stock you want. With USD2 we suggest you buy USD1 for S&P500(SPY) and USD1 for NASDAQ (QQQ)
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