Voleo Goes Commission-Free Effective December 1st
December 1, 2019
Effective December 1st, 2019, Voleo will migrate from its current commission based fee structure to a subscription model.
Since its founding, Voleo’s core values have been to support financial literacy and remove the barriers of access to investing. This is reflected in both our unique social trading features and pricing models. We believe strongly in the wisdom of the crowd and that by pooling capital and sharing knowledge, everyone can invest.
In the US, the landscape of the brokerage world has shifted away from commission based fees. Voleo is committed to remain transparent and predictable. We do not direct order flow and do not encourage margin. Rather, we offer unique social trading experience with incremental value for all of our users, including access to the Voleo investor community (wisdom of the crowd), simplified tax and accounting for investment clubs, and stock research and watchlist tools.
Effective December 1st our new fee structure is as follows:
For Investment Club Accounts:
- $15/mo for clubs of up to ten members and including up to ten trades
- $30/mo for clubs with more than ten members, or which do more than ten trades, or want access to premium features*
Fees will continue to be split amongst investment club members.
For Personal Accounts:
- $5/mo including trades and premium features*
At Voleo we are committed to offering you the best social investing experience. Our users mean the world to us and we appreciate your feedback and suggestions. If you have any questions about how this change will impact you or your club do not hesitate to reach out. We love to hear from you! Contact CEO Thomas Beattie at [email protected] or our broader team at [email protected].
*premium features to include the 2020 launch of teams, enhanced research capabilities, insight tools and more as available.