A Free Stock Trading App for South Africans
The Money Pouch is a free stock trading app that for beginners and professionals that can trade stocks on auto pilot for residents of South Africa. Accounts are managed by Hudson James Investment Management.
The Money Pouch’s Free Wealth Management App is gaining traction in South Africa where the Rand fell over 10% in one week in August against the US Dollar and slumped to a 2-year low.
The Rand may face increased pressure as the US will further raise interest rates, strengthening the US Dollar and trade wars continue.
The solution for South Africans is to invest in US Dollars via The Money Pouch.
Interested investors can download the app for free and start trading in USD, GBP and EUR.
The Money Pouch is a free stock trading app for beginners and professional traders.
The Money Pouch is an offshore wealth management app capable of trading shares of ETFs automatically on a client’s behalf. The aim is to deliver, stable, consistent returns over a five to ten year horizon. There are many successful roboadvisers in the US market such as Betterment.com and Wealthfront.com, but not in South Africa. TheMoneyPouch.com is looking to become the roboadviser of choice for residents of South Africa.
The Money Pouch is a free stock trading app with low cost annual management fees to help clients trade stocks on auto pilot. The Money Pouch allows residents South African expats to set up a free stock trading account. Then, the accounts are managed for clients automatically by Hudson James Investment Management via pre-programed stock trading algorithms.
A spokesman for The Money Pouch commented, “The team is excited to launch GBP & EUR strategies to complement the USD strategies that are already successfully being traded. The Money Pouch is a great, low cost solution for residents of South Africa. The Money Pouch now has over 10,000 app downloads and clients are signing up fast. Clients who already have an existing Interactive Brokers account can simply download the app, fill out the risk questionnaire and simply scan and sign a one-pager to transfer management of their account over to The Money Pouch”.
The Money Pouch is managed by Hudson James Investment Management, a licensed and regulated investment manager headquartered in the British Virgin Islands while the stock trading algorithms are executed in Europe. Newer clients will need to answer additional questions and will also need to provide some documents for compliance.
The Money Pouch now has a simple introductory video which explains how clients can set up a new account in only ten minutes. Accounts usually take only a couple of days to pass compliance checks if all documents are in order and then clients can make a deposit and start investing.
The Money Pouch helps professionals who are freelancing, agents who work on commission and contract workers, as investors can top up the free app whenever convenient and clients have the ability to take withdrawals from accounts when needed, for example, if clients need cash for a downpayment on a new car or needs funds in an emergency.
The Money Pouch is a free app for professionals in the oil & gas sector, IT professionals, contractors, construction professionals, real estate professionals, accountants, the self-employed and freelancers in particular, due to the flexible way the account allows clients to invest and withdraw from accounts without additional fees or surrender charges being incurred.
The Money Pouch is a free wealth management app for South Africans and South African expats that can be downloaded from the iTunes store or Google Play.
The Money Pouch uses low cost ETFs and a hedged momentum strategy to try to beat the market over the long run.
Watch the video below to learn more.
About Hudson James Investment Management:
Hudson James Investment Management is a licensed and regulated investment manager with a “category 3” investment management license based in the British Virgin Islands
Mill Mall Tower, 2nd Floor, Wickhams Cay 1, Road Town, Tortola, BVI, VG 1110
From: Richard Malpass Richard Malpass
More Info here: https://www.themoneypouch.com