Author: Rick Flair
With the wide use of smart devices, the process of buying and selling stocks without a commission has become much easier. Both beginners and experienced investors actively use their smartphones to make transactions, buy and sell currencies, bonds, and stocks. Today, we will be reviewing an investment application that seems to be making waves in some parts of the country.
Tornado App
Tornado app is a unique combination of trading software and your favorite online community.
Tornado is a great app at first sight, but let’s try to see more details about it, starting with the pros.
Tornado Pros
When you sign up as a new user, you may earn up to $1,000 in cash rewards, and you can earn even more money if you refer your friends. You will also receive $10 to $1,000 when you sign up for a new live trading account. Additionally, you can earn continuously within that range if you keep referring people and they deposit up to $1,000 into their live trading account.
Other Tornado app pros include:
- One-click portfolio optimization to help you make better-investing decisions.
- An interface similar to chat on social media that allows you to interact with other experienced investors.
- Zero minimum accounts for new users.
Tornado cons
- If your monthly trading limit is reached, you’ll have to pay $4.50 for additional trades
- Customer assistance is limited
- To utilize the portfolio optimizer tool, you’ll need at least $3,000
- No retirement accounts.
Tornado Application
Tornado’s mobile app is similar to a social platform like Instagram or Facebook in that it includes news and community involvement. For digital natives, the app is simple to use and intuitive. You can easily download this application by clicking on iOS or Android.
Tornado Fees
Tornado membership gives you access to 25 commission-free transactions every month. If you achieve these 25 trades, you’ll be charged $4.50 per trade until the following month. The leftover transactions don’t roll over to the next month if you don’t use your 25 trades in the current month.
Tornado – Learn and Earn
Tornado created the Learn and Earn program to help its customers achieve “financial health.” By completing a series of courses on topics such as investment, stock markets, and economics, investors may receive incentives – in other words, money. The monetary prizes, which can range from $10 to $50, will be remitted into your brokerage account within two days of earning them.
Options for Tornado Investing
Tornado allows its users to invest in US equities, ETFs, and American Depositary Receipts (ADRs), which are not widely available on some platforms. While Tornado allows you to buy most equalities listed on the NYSE and NASDAQ, it doesn’t allow you to trade overseas stocks or call options.
Conclusion
If you want to step up your investment games, you should register on the Tornado platform. Tornado offers a one-of-a-kind investment management service for $48 per year. This app also gives you the opportunity to seek investment advice from community experts and ace investors. Tornado’s social integration makes it better than most of its competitors. Aside from that, it might be regarded as another regular investment application.