Wealthface launches mobile app in Middle East and USA
Wealthface’s trading platform powered by DriveWealth is now accessible via mobile app
Wealthface has launched its Invest App for passive investors in the Middle East and in the United States on Android and IOS, the firm announced.
Offering expert investment services, the fintech firm is licensed by the U.S. Securities and Exchange Commission (SEC), and ADGM’s Financial Services Regulatory Authority (FSRA).
No account fees, no minimum costs
The Wealthface platform offers investors multiple types of accounts related to their financial objectives like Retirement, Education, Building Wealth and multiple selections of portfolios based on the client risk level.
The trading app offers the possibility to start investing with no account fees and the ability to start investing with no minimum costs, and a greater access to their portfiolio and portfolio-free rebalancing, so that they can execute it directly to the market.
Bilal Majbour, Founder and Chief Executive Officer of Wealthface, said: “Our mission at Wealthface is to provide the end-users a secure online investment App and let them enjoy their life while we take care of their investments. We have made sure to develop something simple, safe, and easy to use, so that any user can open an account within minutes and start investing at a low cost. We exist to solve the problems that users have faced for many years and make sure to create awareness and education for investors during their investment journey.
The passive investment specialist also introduced Face X to enhance transfer services, allowing local free transfers in AED, without any wire transfer charges or any transfer fees using multiple methods.
The feature does not reflect a change in the platform’s brokerage system and comes from their proposed traditional way of funding accounts by wire transfer, in addition to many other options put in place such as wire transfer, credit cards, TransferWise, and Western Union.
Trading platform powered by DriveWealth
In November, Wealthface launched its trading platform in the United States and the Middle East region after partnering with trading industry heavyweight and fractional shares pioneer, DriveWealth.
Powered by DriveWealth’s trading engine, the trading platform was a major step to broaden Wealthface’s appeal to retail investors as they are growingly hands-on with their investment decisions in a time when social trading took over the world.
Wealthface, however, continues to provide investors in the Middle East and the United States with the option building their own portfolio, powered by advanced algorithms, namely quantitative investment strategies backed by a factor Nobel Prize Award-Winning Research backtested since 2004.
The US stock offering, provided via advanced API integration with DriveWealth, is as modern as it can be: fractional shares in order to provide access to traders from all income brackets and low commission, $1 per trade.
Now, Wealthface’s trading platform is accessible via mobile app.