The stock brokerage market is once again feeling the shaking of one of its last limbs. The neobroker HeyTrade, which was launched just four months ago, shakes up the sector with the announcement that “in the coming months” it will include cryptocurrencies in its catalog and refunds for the transfer of securities portfolios.
The campaign with which HeyTrade seeks accelerate its expansion plans among small Spanish investors will reward transfers of securities portfolios from other firms with refunds of 1% of the value of their assets. Yes indeed, from a minimum of 5,000 euros.
In addition, the neobroker has established a maximum of 300 euros for this reward, which means that there will be no refund for transfers above 30,000 euros. Customers who benefit from this initiative will receive the corresponding amounts in each case “as of May 15” this year.
The fintech, which has the backing of Beka Finance, works with Cecabank as a custodian bank and is supervised by the National Securities Market Commission (CNMV). Among your cover letter is the no commission for these custody servicesas well as for maintenance and payment of dividends.
Since the signing, it has been explained that, in addition, users who register before March 31 will also be able to enjoy the benefits associated with the Pro Account throughout the year. This service is reserved for portfolios of more than 25,000 euros and has commissions of 0.05% for investment and 0.1% for currency exchange.
The catalog grows
If at the time of its launch the HeyTrade catalog was made up of 1,500 shares national and international and 35 Exchange Traded Funds (ETFs), the list has already grown to more than 1,600 values. In addition, this Thursday it has announced the next incorporation of “the main cryptocurrencies in the market”. “Only those that have shown a stable path, offer value to users and have a consolidated project behind it”, as he explained in a note.
The co-founder and CEO of HeyTrade, Ramiro Martinez-Pardo, has pointed out that “many investors have shown their impotence for not being able to bring their portfolio in a cheap, agile and simple way”, a situation that the firm seeks to compensate with this offer. “Users are no longer worth only the best commissions,” she insisted.
the signature aspires to attract 100,000 users in its first year of operation. In addition, in the midst of a strong fight for offers and expansion of the catalog of assets in this segment, the roadmap established in its constitution foresees reaching one million users and 6,000 million euros in management in two years.