Passfolio Account Type

Passfolio offers two main types of accounts for traders: the Standard Plan and Passfolio Pro.

• Standard Plan:
• Minimum Deposit: $1
• Trading Fees: $0.02 per share for stocks priced above $5.
• Features: Basic trading functionalities including access to stocks, ETFs, and cryptocurrencies. No account maintenance fees.
• Support: Available in English, Portuguese, and Spanish.
• Passfolio Pro:
• Subscription Fee: $5 monthly or $50 annually.
• Additional Features: Access to margin trading, dividend reinvestment, and an extended list of order types.
• Minimum Deposit: $1 (same as Standard Plan).
• Trading Fees: Same as Standard Plan for stocks; cryptocurrency fees range from $0.99 to $2.99 depending on the order amount.

Passfolio Broker Account Opening Process

Opening an account with Passfolio is straightforward and can be completed in several steps:

• Visit the Official Website: Go to Passfolio's official site.
• Sign Up: Click on the "Sign Up" button on the main page.
• Fill Out Personal Information: Provide your name, email address, country of residence, and create a password.
• Verify Contact Information: Enter your phone number to receive a verification code.
• Provide Residence Details: Input your address, including city, postal code, and state.
• Income Information: Enter your income details.
• Social Security Number (SSN): If applicable, provide your SSN.
• Review and Confirm: Go through the terms and conditions and confirm your name and details.

After completing these steps, your account will be set up, and you can start trading with a minimum deposit of $1. Note that Passfolio does not offer a demo account for testing trading conditions.