WSB Index VS Gotrade

Compare WSB Index VS Gotrade and see what are their differences

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WSB Index

An index made out of popular stocks from r/wallstreetbets.

Gotrade

Fractional US stock investing for anyone in the world

Landing page //
2021-02-12

Landing page //
2023-08-30

WSB Index

Website: wsbindex.com
Release Date: -

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Gotrade

Website: heygotrade.com
Release Date: 2019 January
Startup details
Country: Singapore
State: Central Region
City: Singapore
Founder(s): David Alan Grant
Employees: 10 - 19

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WSB Index features and specs

Diverse Exposure
The WSB Index offers exposure to a variety of stocks frequently mentioned on the 'r/wallstreetbets' subreddit, providing investors with a chance to invest in a diverse range of trending companies.
Community-Driven Selection
The index selects stocks based on community interest, potentially capturing high-momentum stocks that are popular among retail investors.
Potential for High Returns
Given its focus on stocks that may include high-risk, high-reward opportunities popularized on social media platforms, the index can offer the potential for significant returns.

Possible disadvantages of WSB Index

High Volatility
Stocks included in the WSB Index often experience high volatility due to rapid swings in popularity and sentiment on social media platforms.
Speculative Nature
Investments based on popular trends within the 'r/wallstreetbets' community can be highly speculative, carrying a significant risk of loss.
Lack of Fundamentals
The selection criteria may not always consider conventional financial metrics, potentially leading to an overemphasis on stocks without strong underlying business fundamentals.

Gotrade features and specs

Fractional Shares
Gotrade allows users to buy fractional shares of U.S. stocks, making it accessible for investors with limited capital to invest in high-priced stocks.
Commission-Free Trading
Users can trade U.S. stocks without paying commissions, which helps in reducing costs and potentially increasing investment returns over time.
Simple User Interface
The platform offers an easy-to-use, intuitive interface which appeals to beginner investors seeking to navigate the stock market with ease.
Global Accessibility
Gotrade provides access to U.S. markets for international users, extending investment opportunities beyond geographical boundaries.
Educational Resources
Gotrade offers educational materials to help users understand stock trading, promoting informed investing choices.

Possible disadvantages of Gotrade

Limited Market Access
The platform currently only allows trading of U.S. stocks, which may not be sufficient for investors seeking broader international diversification.
No Advanced Trading Features
Gotrade lacks advanced trading tools and features that experienced traders might look for in a trading platform.
Mobile-Only Platform
Gotrade is primarily a mobile app, which could be limiting for users preferring desktop platforms for a more comprehensive trading experience.
Funding Restrictions
Users might face limitations in terms of funding their accounts, depending on their local banking systems and regulations.
Currency Conversion Fees
International users may incur currency conversion fees when depositing or withdrawing funds, adding to the overall cost of using the platform.

WSB Index videos

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Gotrade videos

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GoTrade Review Tutorial: GoTrade Sign up and Get FREE $6 | How to buy US stocks for as low as $1

Category Popularity

0-100% (relative to WSB Index and Gotrade)

Gotrade

Investing

32 32%

Investing

68% 68

Fintech

34 34%

Fintech

66% 66

100 100%

0% 0

Finance

0 0%

Finance

100% 100

User comments

Share your experience with using WSB Index and Gotrade. For example, how are they different and which one is better?

Social recommendations and mentions

Based on our record, Gotrade seems to be more popular. It has been mentiond 4 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

WSB Index mentions (0)

We have not tracked any mentions of WSB Index yet. Tracking of WSB Index recommendations started around Mar 2021.

Gotrade mentions (4)

Gotrade free 2$ in stock + 1-100$ stock after depositing 1£
BONUS: Deposit atleast 1£ to get a reward from 1£ to 100£ Https://heygotrade.com/referral?code=436080 Non ref: https://heygotrade.com/. Source: about 3 years ago
How can I start over?
Sakin kasi, my first investment was through gcash / ginvest, technology feeder fund. In 2 months I gained 4k. Then hinugot ko na yung pera when I learned na mataas pala ang trust fees sa ATRAM. that's when I discovered heygotrade.com dito sa reddit when I was asking for advise. I transferred my investments sa s&p 500. Source: over 3 years ago
Anyone using Gotrade to invest?
I stumbled upon Gotrade and decided to download and try. it's licensed under Labuan Financial Services. Anyone here have any experience whether this platform is good? Source: almost 4 years ago
Broker for Dividend Stocks
If you're looking for another broker that pays dividends, check out Gotrade. Source: almost 4 years ago