Wealthface launches mobile app in Middle East and USA

Rick Steves

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.

FinanceFeeds webinar: Expert panel to discuss market data for multi-asset brokerages  

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.

 

 

 

Read this next

Digital Assets

Binance executives sue Nigerian authorities over rights violation

Two senior executives from Binance have filed a lawsuit against against Nigeria’s national security adviser’s office and its anti-corruption agency, alleging violations of their fundamental rights.

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

<