DriveWealth Partners With StockRadar To Bring Affordable Investing To China
Chatham, NJ January 05, 2016- DriveWealth, LLC (“DriveWealth”) is pleased to announce its partnership with StockRadar to bring access to the US stock market to Chinese investors at an affordable cost.
StockRadar is a leading mobile social investment platform in China, on which users are able to trade, share trading ideas and records, and subscribe to receive real-time Twitter-like feeds of fellow users’ trades. StockRadar has over 10 million users and 100,000 crowd-sourced investment leaders. StockRadar also provides financial news aggregation and utilizes big data technology to produce sentimental stock indices based on user sentiment.
StockRadar’s approach to social investing makes it easy for first-time investors to participate in the markets. StockRadar allows investors to build portfolios by providing users with access to crowd sourced investing leaders. Investors can choose a leader to follow and allocate their investments based on trades executed by the leader.
In the past, StockRadar’s users have only been able to trade securities listed on the Chinese exchanges. Now, through its partnership with DriveWealth, StockRadar is able to offer access to the US and Chinese stock markets through one platform, thus giving investors the ability to build globally diversified portfolios.
The partnership between DriveWealth and StockRadar allows Chinese consumers to trade through DriveWealth and invest in stocks of US exchange listed companies whose products they use, but may not have been able to invest in before. Chinese investors who open up accounts with DriveWealth- through the StockRadar partnership will have the ability to open a US investing account with no minimum initial deposit and low trade commissions.
DriveWealth is the first US regulated broker-dealer that StockRadar has partnered with. “We chose to partner with DriveWealth because of their unique ability to onboard and support our Chinese customers who are looking to invest in US listed companies at an affordable cost,” said Mr. Jarod Feng, StockRadar’s Chief Executive Officer.
The partnership with StockRadar represents an opportunity for DriveWealth to expand its mission of giving investors worldwide access to the US stock market. “Through our partnership with StockRadar, DriveWealth is giving Chinese investors a new way to invest in their financial futures. StockRadar’s customers can now trade US listed securities at an affordable cost using a platform they are already familiar with,” said Robert Cortright, CEO of DriveWealth, LLC.
DriveWealth,LLC, member FINRA and SIPC, is a mobile and global full carrying broker dealer for retail investors and provides a low cost, easy-to-use investing platform to individuals worldwide. DriveWealth also partners with businesses around the world to offer its Brokerage as a Service platform, which will allow global financial institutions to give their clients access to US listed securities. www.drivewealth.com
StockRadar is a leading social investment platform in China providing financial news aggregation, market data, research, and share investment ideas and records on a single platform. StockRadar also provides live trading access to US, Chinese stock and mutual fund markets through partnerships with brokerages. Established in 2011, StockRadar has received venture capital funding from Matrix Partners China and Fidelity Asia Partners.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.