Gotrade enables retail investors from over 150 countries to trade commission-free in whole or fractional shares of US stocks. With as little as $1, retail investors can now invest in global companies like Tesla, Apple, and Amazon
Founded in 2019 by Rohit Mulani, David Grant, and Norman Wanto, the Y Combinator backed company Gotrade, started from the realization that many foreign residents faced similar challenges and increased costs when attempting to invest in US stocks. From requirements like needing US residency to excessive commission fees and minimum deposits, foreign residents were limited in how they could purchase shares of popular US companies that many US residents had access to purchase with ease.
“Gotrade was born out of a personal frustration when we tried to get access to the US markets ourselves from Singapore. Millennials globally still face significant barriers when trying to invest in US stocks.” - Rohit Mulani
Gotrade’s goal is simple and their message accessible; they want you to “invest with ease”. Gotrade has built an intuitive mobile application to support this technology, allowing retail investors to easily manage their entire portfolio in one place. With Gotrade, investing in US stocks is now just as simple and accessible for all retail investors around the world as it is for US residents.
Gotrade Key Features
- Whole or fractional shares trading in US stocks
- Available in over 150 countries
- Commission-free trading with minimum orders as low as $1
- No custody, inactivity, or dividend fees
- User accounts protected up to $500,000 by the Securities Investor Protection Corporation (SIPC)
Gotrade Powered by Alpaca Broker API
Gotrade’s partnership with Alpaca enables foreign residents to trade and own shares of US companies by leveraging Alpaca Broker API to provide commission-free stock trading, market data, and more.
Alpaca is a globally distributed financial technology company that is democratizing global access to financial markets starting with our API-first stock brokerage. Alpaca offers commission-free stock trading via API, a suite of developer APIs for brokerages, advisors, and startups, as well as a market data API. Alpaca APIs enable developers and entrepreneurs from around the world to connect their applications to the US Stock Market.
Brokerage services are provided by Alpaca Securities LLC ("Alpaca"), member FINRA/SIPC, a wholly-owned subsidiary of AlpacaDB, Inc. Technology and services are offered by AlpacaDB, Inc.
Commission-Free trading means that there are no commission charges for Alpaca self-directed individual cash brokerage accounts that trade U.S. listed securities through an API. Relevant SEC and FINRA fees may apply.
Technology and services are offered by AlpacaDB, Inc. Brokerage services are provided by Alpaca Securities LLC (alpaca.markets), member FINRA/SIPC. Alpaca Securities LLC is a wholly-owned subsidiary of AlpacaDB, Inc.