Best Investment Broker For Short Selling for 2024 - TOP 5

Best Investment Broker for short selling: Investment Programs

Earning passive income is just as important for traders as earning profit by actively trading. Therefore, it is important to consider investment instruments offered by the company. There are different investment programs and their choice strongly depends on a specific broker. TU analysts have prepared a review of investment programs of the 5 best brokers.

1

eToro - Investment Programs

Investment Programs, Available Markets, and Products of the Broker

With investment offers of eToro, the broker’s clients can earn passive income without trading financial instruments on their own. It is also possible to earn additional income on the partnership program. 

Smart Portfolio, CopyTrader and Popular Investor

eToro specializes in social trading, which means it offers the best conditions for comfortable work of trading signal providers and their subscribers. Not only successful traders, but also novice investors with this broker. At the moment, the following investment solutions are available on eToro:

• Smart Portfolio. These are long-term investment portfolios that consist of various assets. The portfolios are built by investment experts, who are also involved in their management and rebalancing.

• CopyTrader. This is a service for copying trades of successful traders. An investor who subscribed to a strategy pays the standard trading fee. There are no additional fees. The minimum amount for copying a position is $1.

• Popular Investor. This is an offer for traders who have traded financial instruments successfully for at least 2 months and are prepared to offer their strategy for copying by other eToro clients. There are 4 levels available: Cadet, Champion, Elite and Elite Pro with different percentages of profit.

Every investment program of eToro implies a deposit of a certain amount to the trader's account. In order to start working with Smart Portfolio, you need to deposit at least $500. The minimum account balance for the Popular Investor program is $1,000. In order to connect to the CopyTrader platform, you need $200 or more.

eToro Partnership Program: 

• eToro shares with partners a part of its income from the new users who opened an account with the broker using a referral link. The rewards depend on the CPA indicators. There are three commission plans with monthly rewards of $100, $200 and $250.

The broker starts paying the rewards only after receiving at least $10 in fees from the referred users. A partner can use various methods of promotion – publish direct links and banners, send newsletters and ads by email, etc.

2

eOption - Investment Programs

Investment Programs, Available Markets, and Products of the Broker

The eOption broker is focused on trading options for active traders. The broker offers them the lowest commissions. At the same time, the broker maintains the automatic trading function, which enables the investor to make a profit without making trades on his own.

Auto Trading is an investment solution for generating passive income

Clients who subscribe to Auto Trading services choose one or more among 36 suggested trading signal providers. After that, eOption starts auto-trading to sell or buy securities following the parameters set by the investor. Here are some of the features offered by eOption’s Auto Trading program:

• The broker or other party cannot start, stop or change the auto-trading status. If the subscription period for signals has not expired and there are funds on the account, then the decision to suspend trading shall be made by the investor himself.

• All funds are under your total control. Subscribers can set the maximum trade size based on the USD amount, the number of contracts, the account balance percentage, and can start or stop the service at any time.

• The broker doesn’t charge any auto-trading commissions. However, orders made by the Auto Trade Desk without the investor’s intervention shall be subject to a rate of $2.00 for stocks and $3.99 + 10 cents per contract for options.

• After you open a brokerage account and pass verification, you can connect to the Auto Trading service online.

The eOption broker doesn’t verify, monitor, or evaluate the trading signals supplied, but acts as an executing broker following the specific Auto Trading Service instructions. The investor himself chooses the auto trading concept that is most compatible with his investment strategy.

Affiliate program from eOption:

• Affiliate program. Here, an affiliate will get up to $100 for each attracted client who has replenished a trading account for $2,000 or more. Also, if the partner's account balance is over $2,000, the client and the referral receive two free BUZZ shares.

Participation in the affiliate program enables eOption clients to get monetary rewards from the company for attracting new users.

3

Revolut - Investment Programs

Investment Programs, Available Markets, and Products of the Broker

Revolut offers its clients more than 800 stocks, precious metals, and cryptocurrencies for investment. But due to the UK's exit from the European Union, stock trading is not available to foreign nationals.

Buying fractional shares is a popular way to invest with Revolut

Revolut does not provide leverage or margin accounts, but it does allow you to buy fractional shares. Such an offer means that you can start trading with minimal investment. In addition, the absence of leverage eliminates the risk of a negative balance on the deposit. Taking into consideration that a standard account is allowed one trade per month without a brokerage fee, cooperation with Revolut is possible for investors without any experience in the stock market. At any time, if a subscription fee is paid, it is possible to switch to another account with an increased number of trades without commission. Advantages of buying fractional shares:

• You can start investing with a minimum amount.

• Trading is done without providing leverage, which allows you to conduct transactions without the use of borrowed funds and prevent the threat of debt to the company.

• For newcomers to the stock market, trading fractional stocks is an opportunity to gain experience without the risk of serious losses.

Money that is not involved in trading can be moved into an established vault and earn up to 0.65% per annum with a daily payment on deposit. If necessary, you may apply for transferring the funds to your trading account or cash them out at any time.

Revolut’s affiliate program:

• The impact is a referral program in which you need to be a Revolut customer to participate. Depending on which plan the connected referral chooses, the partner is paid from £2 to £20. Payments are calculated and made every month.

After approving the request, the company gives the partner a unique link and materials to be placed and promoted on websites. The partner can track the number of link clicks and referrals in his personal cabinet.

4

SoFi Invest - Investment Programs

Investment Programs, Available Markets, and Products of the Broker

SoFi Invest offers asset management services called “Automated Investing”. Investors are connected to the service for free, but they pay basic commissions and expenses for ETF funds.

Automated Investing via robo-consultants without human intervention

A client who wants to invest in stock market instruments informs SoFi Invest of his investment goals and based on that the broker constructs a diversified portfolio. It consists of a wide range of risk mitigation assets. The investor does not need to monitor the market: Automated Investing uses computer algorithms to provide financial advice and manage portfolios.

The main principles of automated investing from SoFi Invest are:

• The broker does not charge any fees for consulting services or asset portfolio management.

• Portfolios are automatically rebalanced quarterly and during market fluctuations. The adjustment of securities is performed by a robotic program.

• There is no minimum amount to start investing. You can invest from 1 USD.

Connecting to the automated investment platform makes it possible to invest money without transferring it to active management. Moreover, such a decision is a way to avoid the occurrence of possible human errors when making an investment decision.

SoFi Invest affiliate program

• Referral program — a partner can receive up to $10,000 per year. The amount of remuneration depends on the recommended service and the number of connected referrals.

A partner can generate referral links with recommendations for personal and student loans, investment products, obtaining a credit card, and opening cash accounts. This offer is not available to customers in Ohio, Michigan, or Vermont.

5

Wealthsimple - Investment Programs

Investment Programs, Available Markets, and Products of the Broker

Wealthsimple offers passive investment through investments in managed portfolios. They are formed based on the data specified by the investor, such as objectives, time horizon, and the customer’s attitude toward risk. 

Investing on autopilot: A picture-perfect way to get passive income on the stock market

Wealthsimple offers its clients well-balanced portfolios with different risk levels. Each of them is diversified and contains from 10 to 15 funds in a certain segment. If the market situation changes, portfolios are rebalanced automatically. The investor does not participate in this process. Wealthsimple offers the following portfolio types:

• Socially (SRI) and non-socially responsible investing portfolios. The fees charged by ETF managers of SRI portfolios range from 0.22% to 0.32%. The minimum investment in SRI funds is £5,000. Management fees for non-socially responsible investing ETFs are 0.18-0.2%, and the investor may invest any amount.

• Conservative, Balanced, Growth. These are classifications of portfolios based on degrees of risk. The investor himself determines the permissible level. Each investor can have several portfolios with different risk profiles.

To invest in Wealthsimple managed portfolios, you need to answer several questions in the registration form. Based on this data, the algorithm will propose the optimal portfolio for you. The investor may agree to invest in it, apply for another portfolio or contact the company's specialist to create a personalized portfolio.

Wealthsimple’s affiliate program:

• Referral Program. For each friend who opens and deposits £5,000 or more through a referral link, the existing client receives free asset management of £5,000. The referral receives the same remuneration.

Thus, the broker does not charge any fees for its services to the participants of the referral program for 12 months.