Patrick Aber and Bernard George founded the Tornado investment app (previously Nvstr) in 2015. They left hedge funds to help everyone invest wisely and trade US stock exchange shares and ETFs.

With the platform's simple mobile and web interface, you can research assets, simulate trades, assess equity pros and cons, and see what famous investors and other members are buying and selling. The Tornado investment app is available online and for iOS and Android. Lets read further on this review of Tornado app guide.

Tornado Fees

Tornado's primary goal is to provide customers with an easy-to-understand, open pricing structure. The Tornado team just raised the monthly membership fee to $7.99 in order to enjoy 40 commission-free deals.

Current subscribers will continue to be able to purchase it for $5.99, according to a review of the Tornado app. A new live trading account enrolment will get you between $10 and $1,000 (chosen at random). Also, with almost up to $1,000 in prizes, you can continue to get awards from this range each time you encourage a new user to join and use Tornado.

Additionally, you can get a funding incentive, which starts at $5 for a $50 contribution and increases to $15 for $100, $75 for $1,000, $150 for $10,000, and so on. Until you terminate your account, you will be charged a $5.99 monthly account fee.

Moreover, when you take money out of your account or close it, there are no costs. Even while the majority of brokerages now provide a $0 commission trading schedule, some of them could still charge extra for your account or compromise your personal information.

Because tornado accounts have $0 minimums, you can start investing with as little as a few dollars. Tornado investment app offers 6.50% APR interest rates for margin trading as well. Moreover, it benefits users who only need to utilize a modest proportion of margin since this interest rate is applicable regardless of how much of your available margin balance you use.

Features Of Tornado

Conversations With Top Investors

You can join an investment community via Tornado's website and Tornado Invest app. You can also view other Tornado users' portfolio performance and buying and selling activities. You can also discuss your investment strategies with community Thought Leaders. These thought leaders outline the pros and cons of stock to help you decide.

Moreover, the nicest part of this investor network is that you can see what the biggest investing names are doing. You can also discuss effective portfolio strategies with like-minded investors according to the review of Tornado app.

Tailored News

By providing you with highly customized news about your assets, Hyper-Tailored News Tornado spares you the headache of sorting through the Tornado investment app for news on stocks, bonds, ETFs, and personal finance. Also, to get real-time news alerts tailored to your portfolio, just make sure you have push notifications enabled.

Moreover, you can explore every company in your investing portfolio in-depth each day by scrolling through the Tornado Invest app, which only contains news from reliable sources. Additionally, you can add a certain stock to your watchlist in order to get news updates on potential purchases.

Simulated Trading Accounts

Tornado offers virtual trading accounts for you to "practice" with if you're interested in investing but hesitant to risk real money as a novice. This utility is free. With simulated trading accounts, you can use Tornado's capabilities, such as one-click portfolio optimization and the examination of fresh investment ideas, to feel the highs and lows of trading on the exchange.

Security

With several levels of safety and plenty of savings insurance, the Tornado investment app makes a strong case for becoming your favorite Tornado invest app. First, use Tornado's desktop or mobile website or iOS or Android app. After that, you will notice that 256-bit AES encryption protects all our info. Other than that, Tornado is SEC and FINRA-registered. According to our review of Tornado app, by using Apex Clearing, it guarantees up to $37.5 million in Lloyds of London insurance.

Mobile Application

With news and opportunities for community involvement, Tornado's mobile app operates similarly to a social media account. For digital natives, the app is straightforward to use.

The Tornado mobile app has a 4.2-star rating from 3.0k reviews on Google Play and a 4.7-star rating from 2.8k ratings on the Apple App Store. Even though Tornado has fewer reviews than other investment applications, our analysis of the Tornado Invest app supports these better ratings.

Portfolio Optimization

A major feature of Tornado is the portfolio optimizer tool, which is available to all users. The robo-advisor requires a $5 brokerage account balance. In this case, the Tornado attracts novice investors who wish to test the market with a few hundred dollars.

Tornado can also be a robo-advisor by constructing a diversified portfolio based on your risk tolerance with one click. Every sale requires your physical consent, but Tornado's portfolio optimizer will progressively alter your portfolio.

The Tornado investment app uses your data and investment ideas to develop a portfolio that you like. You can also enter your hobbies, aspirations, and more advanced selections like minimum dividend income, investment horizon, or high conviction stocks in addition to your risk tolerance.

Investment Options

With Tornado, you can invest in US equities, exchange-traded funds (ETFs), and American Depositary Receipts (ADRs), the latter of which are less often available on platforms in this domain.

Tornado allows you to buy the majority of equities listed on the NASDAQ and the New York Stock Exchange, but it does not allow you to trade overseas stocks or call options. Furthermore, the Tornado investment app ceases to enable or permit short sales of stock and ETF.

Is Tornado The Right Choice For You?

Tornado is innovative investment software that optimizes portfolios for $5 in a brokerage account, like robo-advisors. It also decreased its charge from $3,000 to $5 to make its platform more accessible to inexperienced and casual users.

The Tornado investment apps instructional features and your chats with other investors about your investment objectives can help you learn by doing. Moreover, talking to Warren Buffett and other investing experts is another appeal.