Trading with TradeUP
If you’re a beginner interested in investing, consider using TradeUP. TradeUP is also a great choice for the more seasoned investor looking for a new innovative trading solution.
Here’s an overview of what the TradeUP platform can offer you:
- You can get immediate access to margin trading at a competitive rate1 and free level 2 market data for up to a year.
- TradeUP offers paper trading which is a great way to learn to trade in real market conditions without risk.
- You get two free stocks when you open an account and fund it with as little as $100. There’s an additional cash bonus of $25 to $250 when you fund $1000 or more.
If you’re an intermediate or advanced investor looking for a new platform to switch to, TradeUP is a great choice.
This new stock trading app offers an array of advanced trading tools that include professional stock screeners, heat maps, and advanced custom price alerts that help you make informed investment decisions. TradeUP is constantly adding new and cool features.
Every two weeks, you’ll get an updated version with more trading tools and features.
TradeUP offers an IPO subscription service that gives our clients access to up and coming IPOs from our affiliate, UPFintech.
UPFintech, which has already offered 22 IPO cases to its clients in 2020 (16 in 2019 and 20 in 2018).
Here is a list of IPO cases that TradeUP has already offered on the platform. With a TradeUP account, you’ll get the opportunity to access more incoming IPO cases.
Marsco Investment Corporation is not part of the underwriting group in IPO’s, they simply facilitate the transaction at no additional cost.
And of course, TradeUP is a 0-commission trading platform where you can trade stocks, ETFs, and options with no hidden fees.
In summary, TradeUP is one of the most unique stock trading platforms out there!
They manage to have an impressively user-friendly interface while still featuring tools for more advanced traders and investors.
You can download the TradeUP in the Apple App Store or the Google Play Store!
- 1. Brokerage services in TradeUP are offered by Marsco Investment Corporation (“Marsco”). Marsco Investment Corporation is a registered brokerage firm at SEC (CRD: 18483; SEC: 8-36754), a member of FINRA/SIPC and a member of DTC/NSCC, regulated by the US Securities and Exchange Commission and Financial Industry Regulatory Authority. Check the background of the firm on FINRA’s BrokerCheck.
- 2. IPO is a high-risk investment, the investors may lose a lot of principal when subscripting IPOs. The service is provided by Marsco’s affiliate, US Tiger Securities, Inc. which is a US registered Broker-Dealer.
- 3. All investments involve risk, including possible loss of principal. Past performance of a security, market, or financial product does not guarantee future results. Electronic trading poses unique risks to investors. System response and access times may vary due to market conditions, system performance, and other factors. Market volatility, volume, and system availability may delay account access and trade executions.
- 4. The contents of this article shall not be considered a recommendation or solicitation for the purchase or sale of securities, futures, or other investment products.
End Notes
Competitors’ Margin Rates taken on 11/30/2020 are as follows:
Webull
| Margin Balance | Rate |
| $0.00 – $25,000.00 | 6.99 % |
| $25,000.01 – $250,000.00 | 6.49% |
| $250,000.01 – $500,000.00 | 5.99% |
| $500,000.01 – $1,000,000.00 | 4.99% |
| $1,000,000.01 – $3,000,000.00 | 4.49% |
| $3,000,000.01+ | 3.99% |
TD Ameritrade
| Margin Balance | Rate |
| <$10,000 | 9.50% |
| $10,000 – $24,999.99 | 9.25% |
| $25,000 – $49,999.99 | 9.00% |
| $50,000 – $99,999.99 | 8.00% |
| $100,000 – $249,999.99 | 7.75% |
| $250,000 – $499,999.99* | 7.50% |
TradeUP
| Margin Balance | Rate |
| $0 – $24,999 | 4.80% |
| $25,000 – $99,999 | 4.50% |
| $100,000 – $999,999 | 4.20% |
| $1,000,000+ | 3.90% |
You can get 5 free stocks now through 6/30/21, if you’re approved for an account by that date after following any incentive-backed referral link that goes to the 5 free stocks offer, so you can get minimum $62 in stock value (you can sell immediately and/or remove your deposit after 15 days). Just don’t use a link for the 2 free stocks (which is their “base” offer) or $50 bonus (which is expired so you instead just get the 2 free stocks). The up to $200 transfer fee reimbursement only applies to ACAT. Here’s the link to sign up with the improved promotion:
https://tradeup.marsco.com/activity/forapp/invite/?lang=en_US&skin=1&invite=O8HVZA#/
The promotion code is O8HVZA. Terms and conditions are here:
https://www.itradeup.com/statement/USA-Open%20A%20Live%20Account(Marsco)
(NOTE: “Initial deposit” is checked only once within the first 30 days after the account is opened, so you cannot use multiple deposits to qualify at different thresholds and only the first deposit applies automatically.)
Fees and commissions on the Cash/Margin account types are found here:
https://tradeup.marsco.com/pricing/commissions-us
For me, there was no soft or hard pull on any credit reports for my Cash account. No IRA accounts available yet. If you deposit up to or more than $1000 on your initial deposit, they credit you with a temporary match of available funds up to $1000 for immediate trading until your deposit actually clears, so don’t look for the deposit reward stocks until after the deposit actually clears (should be within 5 business days after your deposit). With my bank verified through Plaid, my account was approved in less than 12 hours and $1000 of $5000 was made available immediately for trading. I received $392 in stocks after sign up.