Over the years, a number of investing companies have tried using free cash to attract new customers. One of such companies is the award-winning investing platform dubbed NVSTR but pronounced ‘Investor.’ The company must have a strong hatred for vowels. Haha!
With many investment platforms out there, why choose NVSTR? What makes it unique? In fact, what the heck is NVSTR?
I’m glad you asked. Come along as I explain what NVSTR is all about including all the things you need to know about NVSTR. Enjoy the tour!
NVSTR is an investing platform which is out to revolutionize the way investment is being made in large brokerage and the traditional investing companies. The platform, which has been around since 2017, is focused on helping users to discover investment insights and providing them with sophisticated technology to optimize their investment portfolio.
The platform brings together a community of intelligent investors to ensure users can make informed investment decisions by learning from investment pros and sharing ideas with others. It contains special features that allow you to explore ideas from big players in the investment circle. Seeing what pro investors are spending their hard-earned cash on helps you make informed decisions on what is worth investing in, thus, minimizing the risk to the lowest possible rate.
What makes NVSTR stand out from the crowd?
Besides making social investing way easier and fun, NVSTR incorporates sophisticated technology and features into its platform. I guess the best among its tools is the Nobel prize-winning portfolio allocation tool. According to the information on the website, this tool was built from years of investing experience from hedge funds and Nobel prize-winning research. This smart tool makes it possible for users to allocate their portfolio in just one click. In one click, you get all the relevant information you need to make an informed decision on what to invest in and how much you should invest in. Can you beat it?
- Users are also allowed access to institutional-quality data from S&P Capital IQ. It is typically used by big industry players including but not limited to Wall Street research, investment bankers, and hedge funds. With this tool you can compare companies metrics and financial data, making it an important weapon in the arsenal of seasoned investors. Well, this tool which cost as high as $10,000 per year on other platforms is made available to members of the NVSTR platform for free. All you have to do to access the Capital IQ is to sign up with NVSTR. And guess what, signing up attracts no fee too. In fact, it gives you up to $500 to start investing with. Excited? Okay, I will get to that later.
Lastly, NVSTR has the lowest fee among other top trading platforms like E-trade, Fidelity, TD Ameritrade, and Schwab. At NVSTR, there is no account opening fees, monthly fees, account closing fees, membership fees or transfer fees. In addition, the platform does not impose any amount as the minimum account requirement. This is open to both live trading members and simulated trading members. You can’t beat it
Claim free cash
NVSTR gives you up to $500 to invest in your new account. It’s pretty simple. You sign up through the link of a member with a live trading account and bang, you are rewarded anything from $20 to $500. Consequently, giving you free cash to start investing right away. This is no scam. The member whose link you signed up with is also entitled to a reward of up to $500. It keeps getting better! When I joined I was awarded $20 to start Investing.
However, there are some conditions you must satisfy to enjoy this free cash. First, the account must be a live trading account, not a simulated trading account. Second, you are not allowed to withdraw this free cash for 12 months. Furthermore, you are required to place at least one trade within 12months of joining the platform to secure this cash.
Also, note that you must be 18 years old (or older) and a native U.S. citizen to participate and qualify for the award.
I guess it is worthy to note that NVSTR charges the lowest commission rate among top brokerage platforms. Unlike Fidelity, Schwab, Ameritrade, and E-Trade which charge $4.95, $4.95, $6.95, $6.95 respectively, NVSTR charges $4.50 as commission for each stock trade. Also, the margin rate is only 6.5% per year. Note this is applicable to members who borrow money to trade stock – whether buying or selling. This is a fair rate compared to the margin rate of Fidelity, Schwab, Ameritrade, and E-Trade which is capped at 9.325%, 9.325%, 10.25%, and 10.5% respectively.
PROS and Cons
Of course, you would expect platforms like NVSTR to have their catch and possibly some drawbacks or deterrent factors. Well, so far, the only disadvantage will have seen is the fact that investors may get lazy over time. Nonetheless, some people will argue this as an advantage. Having an app that does the heavy lifting for you is not such a bad idea. The use of trains and buses as opposed to trekking miles did not make people lazy, instead, it made life easier.
On the other hand, there is an endless list of advantages that NVSTR platform offers to its members.
- Make social investment better and more fun
- Sleek, yet easy-to-use interface
- Sophisticated investment tools
- No fees policy
- The Lowest possible commission rate at the moment
- Effective portfolio management
- Mitigated investment risk level
Conclusively, NVSTR is a good way to start investing and with free cash too. It is a premium platform, that allows you access to sophisticated technology like no other platform – not even the traditional brokerage model. So, there you have it. An opportunity for smarter investing, yet lower fees all at your fingertips.