Chatham, NJ (PRWEB) July 21, 2014
After a successful private launch, DriveWealth is now releasing its mobile investing platform to the world. The platform creates an affordable way to invest in global companies with low $2.99 per trade pricing and an initial minimum account size of only $50. The DriveWealth app features social networking, investor education, and multi-language capabilities.
DriveWealth offers global retail investors access to a diverse range of listed US equities, ADRs, as well as stock, bond, commodity and real estate ETFs. The mobile app facilitates investing anytime during regular market hours from anywhere in the world and is compatible with most desktops, laptops, tablets, and phones.
The platform was designed to build confidence in the large and growing universe of (first time) investors worldwide. DriveWealth offers targeted educational content to all levels of investors, as well as unlimited, free practice investing accounts. DriveWealth’s practice accounts allow users to invest $10,000 of virtual money using real-time market data. The global social community allows investors to share knowledge and discuss investing strategies with like-minded investors worldwide.
DriveWealth is an SEC registered, full carrying broker-dealer, and a member of FINRA and SIPC. The firm strives to create a universe of passionate, focused investors who make investing in themselves a life-long priority. DriveWealth is partnering with the largest bank in the world, the Industrial and Commercial Bank of China, to democratize investing for individuals worldwide. The DriveWealth app is available at you.drivewealth.com.
The firm will continually add new products and valuable features, which will make it even easier for investors to invest and track their progress. DriveWealth also plans to offer its API free of charge, giving developers the ability to create their own investing platforms and further customize the user experience.
DriveWealth’s founder and CEO, Robert Cortright, has a track record of success and over 30 years of experience in the industry. He founded FX Solutions, which was named one of Inc. 500’s fastest growing private companies for three consecutive years. Mr. Cortright’s vision for DriveWealth is “to provide investors worldwide with access to some of the world’s most recognized companies at an affordable cost.” He added, “Our platform promotes global social networking. Every user has the opportunity to easily interact with investors from around the world, which creates a unique investing experience and a more informed universe of investors.”
About DriveWealth, LLC:
DriveWealth, LLC is an SEC-registered broker/dealer and a member of FINRA and SIPC. DriveWealth is partnered with ICBC Financial Services, a unit of the Industrial and Commercial Bank of China, the largest bank in the world, as its clearing agent.
For further information about DriveWealth, please visit http://www.drivewealth.com.
1) Fees and Expenses associated with the DriveWealth platform include $2.99 commission per transaction and a $50 deposit to open an account. There are no monthly minimum fees, or required ongoing minimum account balance.
2) Practice Accounts are available to all users risk free and at no cost to the user. Practice accounts are to be utilized for educational purposes only. Practice accounts are funded with virtual dollars, not real dollars, which means that a user can neither gain nor lose money.
3) DriveWealth's commission charge of $2.99 per transaction is among the lowest of all online brokers, based on Barron's survey of online retail brokers (March 15, 2014).
4) ICBC is considered the world's largest bank based on Profitability: ICBC was the most profitable bank in the world in 2012 with profits of US$37.8 Billion (Source: Forbes) and Assets: as of September 2013 ICBC was the largest bank in the world based on assets of US$3.062 Trillion (Source: SNL Financial).