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At it’s core, Voleo is a stock trading app for investment clubs. This is because Voleo is built from the ground up to help you form and manage investment clubs, as well as propose, discuss, and execute trades securely and safely.
Club Members Vote on Stock Trades
Once a club has been formed, any investment club member can make a proposal to buy or sell a listed equity security at any time. This proposal initiates a notification to all team members that a vote is required; voting itself takes seconds as each member can vote for or against from their smartphone. Alternatively, team members can debate the merits of the trade through a private, proposal-level discussion. When the required majority is reached in favor of the proposal, the order is then automatically sent to market for execution. The Voleo stock trading app for investment club makes this whole process seamless and can be done anywhere.
Split the Costs
The Voleo application splits the costs, holdings, and profits of the investment club across all the members. By doing this, your trading fees are effectively split among all the members of your investment club, which means that the more members you have, the less it costs to execute trades on the Voleo stock trading app for investment clubs. The cost will vary from as little as pennies to a maximum of $4 per person per trade.
Instant Stock Trades
When your team makes a decision, trades are automatically sent to market by the Voleo stock trading app. Voleo developed a proprietary order management system that reports your stock trades to Instinet for split-second, best execution services, this means fast and secure stock trading functionality for best market results.
Security & Encryption
The Voleo stock trading app for investment clubs uses state-of-the-art security measures when handling your information. Your sensitive personal information is fully encrypted and securely stored. Voleo’s US subsidiary is a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).