Easily invest in US stocks with Passfolio

Published on
4/2/20
by
Passfolio


Passfolio is finally available on the App Store and Google Play! With the app, people in 170+ countries can invest in US stock from the palm of their hands and without having to open a US bank account. 


The app’s strives to provide better investment opportunities to people around the world. Passfolio's increasing global reach, in turn, is made possible due to integrations with local payment providers like FacilitaPay


Why use Passfolio?


Passfolio has a handful of benefits worth mentioning. Here are a few reasons to consider downloading the app: 


  1. Passfolio charges no commission fees 

Instead, the company makes money in other ways, such as forex fees and interest on uninvested cash. Please see Passfolio's Disclosures on other charges


  1. The app accepts local deposit methods 

Users in Latin America can deposit funds into the app via local transfer methods like TEDs. Soon, similar functionalities will be available in Africa and other locations as well. 


  1. Passfolio allows users to buy fractional shares starting at $1

Passfolio users can choose to buy pieces of stock as a more affordable alternative to buying full shares. Please see our Fractional Shares Disclosure.


Why invest in US stocks? 


As we’ve mentioned in another blog post, investing in US stocks can be a way to diversify your portfolio and potentially reduce exposure to local markets (consider the economic crisis in Venezuela or Argentina, for example). The US stock market is also where billion-dollar companies like Apple, Netflix and Alphabet (Google) are listed. 



How to create a Passfolio account 


Download the app on the App Store or Google Play! Once you've done this, you can create a Passfolio account by following the steps below: 


  1. Submit documents through the app (ID and proof of address).


  1. We'll contact you within 1 business day to let you know if your account has been approved. 


  1. If any information is pending, we will request additional documents. Don't worry - we'll provide all instructions on how to send us the additional documents.


We look forward to expanding investment opportunities for people around the world. If you have any questions, feel free to contact us at support@passfolioapp.com or check our FAQ: https://support.passfolioapp.com