Passfolio Review 2024

I recommend Passfolio to those who are at the beginning of the path to serious trading. I am one of those traders, but with the help of a broker I hope to become a professional. I'll be investing more later. For now, my goal is to gain experience, so I try not to take any risks. And I don’t use expensive assets in trading, since the higher the share price, the higher the commission per transaction. In the future, I'm going to use the automatic reinvestment service. I haven’t looked into the details yet, but I saw one minus: you can’t specify specific assets, the program selects them itself. Although with my level of knowledge, it would probably be better to trust the robot in this matter.

The broker allows you to earn money and does not cheat with transactions. Execution is always fast and at the best prices. The lack of direct communication with technical support is a little annoying, but in principle, during the year of work, the need for this arose only a couple of times. For me, this says a lot because the platform works stably and there are no problems with output or withdrawals. Separately, it is worth noting the original affiliate program, where rewards for referrals are randomly paid. You can get both $1 as a bonus as well as $100. I have had it all.

I registered on the platform of this broker a couple of weeks ago, so I don’t want to draw final conclusions about it yet. However, I definitely liked the approach to clients here because they are equally loyal to beginners and professionals. Here, everyone has the opportunity to earn money, just use it. The fact that the broker is regulated also clearly speaks in its favor. The exchange executes transactions quickly and complies with its agreements. My first profit has already been withdrawn.

The conditions for trading stocks at Passfolio are adequate. In principle, they are quite affordable for cryptocurrencies, which include commissions from $0.99 to $2.99 or a flat commission of 0.5%. I will continue trading with this broker for now. First, I am confident in his reliability and honesty. With legal documents, everything is okay. Second, although there is no demo account, the minimum deposit is only $1. I didn’t like the lack of detailed information about the current market information and the lack of industry news. For these, you have to use third-party services, which is not very convenient. Although I'm already used to it, I have developed a comfortable algorithm for myself and I follow it.

Yes, you have correctly noticed that this broker has adequate conditions for beginners. It is comfortable to start trading because of the client-oriented policies and customer loyalty. There is adequate training on the site but you still may have to use third-party services. The cool thing is that the main Standard Plan account can be customized if you want to use it with a Passfolio Pro subscription. That's exactly what I did. That gives you access to margin trading and an expanded list of orders and reinvestment of dividends.

In general, the impression from working with Passfolio is still normal, I hope to continue to cooperate further. So far, of course, I cannot 100% assure that everything is perfect here, the trading experience here is small. Let's just say: I'm testing a broker.

Passfolio is well received. In principle, this American stockbroker can be considered as a financial partner for both active traders and investors who work for the medium and long term. The level of knowledge does not matter. If you are not familiar with stock market trading, just start with small amounts. The minimum deposit on the platform is $1. It is rare that a reputable broker has such a low entry threshold, so you need to pay attention to this.