Passfolio Review 2021
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| Passfolio is a regulated American stockbroker that boasts cryptocurrency trading and a range of US markets. | ||
Passfolio is broker that gives traders access to Cryptocurrency and Stocks. Surprisingly, Passfolio does not support either of the enormously popular MetaTrader platforms (4 and 5).
Cryptocurrency traders will have lots of options at Passfolio, with 43 different coins to trade: BTC, ETH, LTC, BCH, ZEC, FIL, ZRX, AAVE, AMP, BAT, BAL, LINK, COMP, CRV, DAI, MANA, KNC, MKR, OXT, PAXG, REN, STORJ, SNX, UMA, UNI, YFI, BNT, 1INCH, LRC, SAND, SKL, GRT, ENJ, ALCX, ANKR, BOND, FTM, INJ, LPT, MIR, MATIC, CUBE and SUSHI.
Careful traders will be pleased to know that Passfolio is licensed to provide trading services by multiple regulatory bodies, 2 in fact. Note, however, that the FCA here in the UK is not among them. Prudent traders might want the extra safety of going with an FCA-regulated broker.
Passfolio Summary
Passfolio is a regulated American stockbroker that boasts cryptocurrency trading and a range of US markets.
Ratings
| Bonus | None |
|---|---|
| Instruments | Crypto, Stocks |
| Demo Account | ✗ |
| Min. Deposit | $1 |
| Min. Trade | N/A |
| Regulated By | SEC, FINRA |
| MetaTrader 4 | ✗ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | iOS & Android |
| Auto Trading | ✗ |
| Trade Signals | ✗ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✗ |
Cryptocurrency Trading
Passfolio offers cryptocurrency trading with over 30 tokens on its proprietary platform.
| Spread | |
|---|---|
| Coins | BTC, ETH, LTC, BCH, ZEC, FIL, ZRX, AAVE, AMP, BAT, BAL, LINK, COMP, CRV, DAI, MANA, KNC, MKR, OXT, PAXG, REN, STORJ, SNX, UMA, UNI, YFI, BNT, 1INCH, LRC, SAND, SKL, GRT, ENJ, ALCX, ANKR, BOND, FTM, INJ, LPT, MIR, MATIC, CUBE, SUSHI |
Payment Methods
Passfolio accepts the following payment methods:
- Bitcoin Payments
- Wire Transfer
- Credit Card
- Visa
- Mastercard
- PIX Payment
- Debit Card
FAQ
Is Passfolio Safe?
Yes, most likely, as we gave Passfolio a trust score of 40% in this review. The main negative factor in this score is that Passfolio is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does Passfolio Accept PayPal?
No, Passfolio does not accept PayPal payments.
Is Passfolio Halal?
Probably not, as Passfolio does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
Is Passfolio Regulated?
Yes, Passfolio is regulated by 2 different regulators: SEC and FINRA.
The fact that Passfolio is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for alternatives.
Passfolio vs Other Brokers
If you want to compare Passfolio with other brokers, use the detailed comparisons below.
Passfolio vs |
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| Passfolio is a regulated American stockbroker that boasts cryptocurrency trading and a range of US markets. | ||