Ternak Uang<\/a>, Indonesia’s leading investment education application.<\/p>\n“A core part of the Jakarta Futures Exchange’s vision is to produce innovative products as an alternative means of investment. We are very excited to announce our partnership with Gotrade that would allow Indonesians to invest in names like Tesla, Apple and Netflix for as little as $1. The ability to invest in US stocks will greatly complement the existing investment landscape in Indonesia so users can have a balanced and diversified portfolio both globally and across asset classes,” said Stephanus Paul Lumintang, President Director of the Jakarta Futures Exchange.<\/p>\n
Fajar Wibhiyadi, President Director of Kliring Berjangka Indonesia (Persero) said “We of course appreciate what Valbury Asia Futures is doing with this new initiative. We hope the launch of Gotrade Indonesia could be a positive catalyst for a better investment climate in Indonesia. We also hope that Valbury Asia Futures would, at the same time, educate the market to understand this new financial instrument better. KBI, as a clearing institution, will play our part as per the existing regulations, namely related to the Guarantor role and Transaction Settlement.<\/p>\n
Creating a new standard for transparency<\/strong><\/p>\nIn line with its bid to bring transparency to the industry to make investing fair, Gotrade promises no hidden fees, ever and publishes all its fees openly.<\/p>\n
Whilst Gotrade Indonesia does not add spreads or commissions on its trades, it does pass on a PPN fee of $0.10 and Jakarta Futures Exchange transaction reporting fee of $0.02 per trade.<\/p>\n
It generates revenue by charging 1.20% in FX fees when users deposit their funds in Indonesian Rupiah which is then converted into US dollars so they can be traded on. Included in this fee, Gotrade powers instant deposits – enabling users to capitalise on trading opportunities without having to pre-fund their accounts. Gotrade is also currently testing a premium membership product called Gotrade Black that gives its users access to candlestick charts, analyst ratings, target prices and a risk measurement for a $2 monthly membership fee.<\/p>\n
A new-old co-founder<\/strong><\/p>\nTogether with the launch of Gotrade Indonesia, Gotrade announced that Andrew Haryono was being recognized as a co-founder of the company. Andrew is the owner of the Valbury Group – the same Valbury that is powering the Gotrade Indonesia platform. The Valbury Group is a financial conglomerate in Indonesia which owns securities, derivatives and capital management arms.<\/p>\n
“Andrew has been involved since the earliest days of the business in 2019 and has been instrumental in helping us achieve the success we have had so far. With the Valbury partnership and the launch of Gotrade Indonesia, we’ve been able to take our partnership to a new level and everyone felt it was time to recognise him for the pivotal role he’s played in the company’s past as well as the role he will continue play in the company’s future,” said Gotrade founder Rohit Mulani.<\/p>\n
“The team at Gotrade is on a mission to completely reinvent investing for millions of Indonesians. I’ve been in the industry for over 20 years but as soon as I met the team in 2019, I knew that this was the team that would transform the industry. I am thrilled to be a part of the team at Gotrade and am excited to be a part of the next phase of the company’s hypergrowth,” said Gotrade co-founder Andrew Haryono.<\/p>\n
Industry veterans jump onboard<\/strong><\/p>\nGotrade is rapidly building one of the most experienced teams in the wealth management space in Southeast Asia.<\/p>\n
In addition to incoming co-founder Andrew Haryono who boasts over 23 years of financial services experience, David Grant was the former CEO of Charles Schwab Singapore, also boasting over 20 years of retail brokerage experience.<\/p>\n
Gotrade also announced 2 senior executive hires with Tan Hui Lynn and Jeremy Ng joining Gotrade as General Counsel and Chief Financial Officer respectively.<\/p>\n
Tan was a former partner at Zaid Ibrahim & Co, Malaysia’s leading law firm prior to joining Gotrade whilst Ng was previously the financial controller for Asia Pacific at Oanda prior to taking up his new role.<\/p>\n
About Gotrade<\/strong><\/p>\nGotrade Financial Inc. provides an innovative app-based investing service to retail investors, to invest as little as $1 in fractional shares of US stocks on an easy-to-use, commission-free mobile platform. Gotrade launched in 2019 with the vision of making investing fun, fair and simple for everyone, everywhere. Instruments on Gotrade are offered through Gotrade Securities Inc. Instruments on Gotrade Indonesia are offered through PT Valbury Asia Futures, a Bappebti licensed broker-dealer established in 1999 in Indonesia.<\/p>\n
– ENDS –<\/strong><\/p>\nFor inquiries please contact support@heygotrade.com<\/a><\/p>\nRelated Images<\/b><\/strong><\/p>\n <\/a>
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\n Image 3<\/b><\/strong> <\/a><\/p>\nThis content was issued through the press release distribution service at Newswire.com<\/a>.<\/p>\n