Author: Femi Stephen
Investment opportunities are now beyond physical assets or handing money over to some professionals to trade for you. Modern investment companies now provide investors and even low-income earners with the opportunity to invest their money within their reach. Today, we will be reviewing a financial application named Tornado.
Tornado Investment Application
Tornado is one of the investment platforms that is shaking up traditional investment practices. This one-of-a-kind application allow its users to combine social media features with investing.
Founded as Nvstr by two hedge fund industry professionals Bernard George and Patrick Aber, in 2015, the company has grown beyond an ordinary application into a platform that allows users to trade 3 types of securities, namely:
- Stocks
- ETFs
- American Depositary Receipts (ADRs)
How does Tornado Works?
Creating an account with Tornado is super easy, with no minimum account balance for new users. Below is the overview of Tornado features and services:
| Feature | Details | More Details | ||
|---|---|---|---|---|
| Fees | $4.99/Month | For 25 Free Trades | ||
| Industry Professional | Access to Reputable Investors | Glance at their Portfolios | ||
| Up-to-date Information | Investment Related | Personalized Watchlist | ||
| Portfolio Optimization | $3,000 balance | For Top Investors | ||
| Simulated Trading | Free | Great Practice | ||
| Security | Encryption | Insurance | ||
| Mobile Application | Top Rated | iOS and Android | ||
| Customer service | Email only | No Telephone option | ||
| Investment Opportunities | U.S. Stocks | ETFs and ADRs | ||
| Sign-up Bonus | Up to $1,000 | No Fixed Amount |
Tornado Investment and Trading Techniques
Tornado has three investment styles that users can choose from. They are:
Hands-on: This is exclusively for users that want to do their research and pick their trades or investments manually.
Social: This trading technique allow users to interact with Tornado community members for trade or investment options.
Semi-automated: This is a feature that allow users to rely on industry experts’ suggestions. It involves someone telling an investor or a user how much is safe to invest in a certain trade.
With all the great features that are embedded in the Tornado application, we realized they are still behind in some investment and trading options. These include:
- Options
- Mutual Funds
- Futures
- Cryptocurrencies
Additionally, Tornado is far behind in offering retirement packages.
Opening An Account On Tornado
To become a Tornado user, you must meet the following requirements:
- You must be a US resident
- You need to be at least 18 years old
As a new user, you can use your account to buy and sell stocks, ETFs, or ADRs that are available on the New York Stock Exchange. However, you can’t invest in some foreign companies but you can buy tickers that are traded on Nasdaq and the NY Stock Exchange.
Is My Money Safe With Tornado?
Even though brokerage assets are not FDIC-protected, users’ account has up to 500k in SIPC protection and $250 in cash. There is also an additional $37.5million in insurance provided by Lloyd’s of London
Conclusion
If you have an idea of how social investing works or you want access to detailed research by S&P Capital IQ, Tornado can be a good fit for you. Its one-click optimization tool is also a great way to maximize asset allocation without giving up the control of your portfolio.
