Folionet comes to traders in Latin America
Category: Technology
Folionet comes to traders in Latin America

Folionet is the first truly commission-free online trading platform, with no minimums and available to international customers. Folionet has a mobile application for Apple or Android devices (phones and tablets). In addition, Folionet also offers margin accounts for experienced investors, with one of the most competitive rates in the industry.

An important feature of Folionet is the ability for non-residents to open accounts at the trading platform. It gives access to investors, specifically in Latin America, to open a US brokerage account, and have access to the largest capital markets in the world in the palm of their hand. This process is offered through a very friendly onboarding process that relies on providing an account profile, and taking a picture of the ID with the phone’s camera.

An offering for this service has been long overdue for countries such as Mexico and Brasil, who have a sizable investor population and others in the region including Argentina, Chile, Colombia, Ecuador, Peru, Venezuela, Panama, and the rest of Latin America and the Caribbean.

In the past, foreign investors had only been able to access the US markets through local brokerages where high commission fees and high minimums were commonplace. This left a large part of the market unserved. There were still a smaller number of investors with US market access, but through private wealth management accounts serving the high net worth segment.

By now Folionet is positioning itself to be a pioneer and leader in this industry segment. Its straightforward no-commission and no-minimum balance, is combined with the client comfort of knowing that the institution is US-based, FINRA member, SEC regulated, and also SIPC member covering up to $500,000 (up to $250,000 in cash).

Folionet is a service mark by Santos Capital Group LLC.

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