The application presents a unique investment platform designed to facilitate investments in a diversified portfolio of corporate bonds, allowing users to potentially secure a yield of 6% or more. These investments come with the added benefit of regular interest payments, making it an attractive option for those seeking stable returns. The app provides a user-friendly interface, enabling investors to take advantage of a variety of financial tools and services tailored to their needs.
Users can also participate in stock and ETF options trading, earning rebates that range from $0.06 to $0.18 per contract, depending on their monthly trading volume. The platform does not charge commissions or per-contract fees, which enhances its appeal among active traders. This feature encourages participation in options trading while offering users the opportunity to reduce their overall trading costs.
Additionally, the application boasts a High-Yield Cash Account that allows users to earn a competitive annual percentage yield (APY) of 4.35% on their cash holdings. This account comes with the advantage of FDIC insurance for up to $5 million and no associated fees, making it a secure and lucrative option for investors looking to earn a return on their unused cash. This feature complements the bond investments and trading options available to users.
Moreover, the app incorporates an innovative AI tool called Alpha, which provides real-time investment insights to enhance decision-making for users. This AI-backed feature is designed to assist investors by examining multiple assets simultaneously, comparing analyst ratings, and exploring earnings data. The overall design focuses on promoting effective portfolio management by allowing users to track their investments, manage cost basis, and schedule recurring investments, ensuring a comprehensive investment experience.