WIKIFX REPORT: Valbury and Gotrade launched an American-oriented investment platform

Gotrade, a developer of the investment platform aimed at USA-based stocks, has paired up with several strategic partners to introduce its platform to Indonesian masses.

The partners in question include Valbury Asia Futures, a brokerage service with a license from the Commodity Futures Trading Regulatory Agency (lit. (Badan Pengawas Perdagangan Berjangka Komoditi/Bappebti) itself. Furthermore, Gotrade also joins forces with Jakarta Futures Exchange (JFX) and PT Kliring Berjangka Indonesia.

Rohit Mulani, the founder of Gotrade, claimed that Gotrade expansion aims to facilitate Indonesian investors to access high-quality investment instruments with a reasonable price. “We believe that investment should be fair, and investors should not pay for such predatorial costs,” Mulani explained in the official release.

For the record, Gotrade indeed allows its users to invest on stocks listed on NYSE and NASDAQ, including Tesla, Apple, and Google. Users may invest their money as little as USD 1 without any commissions.

In the future, Gotrade transaction in Indonesia will initiate a contract between its users and Valbury. Then, Valbury will proceed with the trading according to the user contract with Alpha Securities LLC, a USA-based FINRA-licensed broker-dealer.

Based on idnfinancials.com data, Gotrade was established in 2019 in Singapore. It had secured a seed round funding worth USD 7 million in 2021 from LocalGlobe and Social Leverage. Furthermore, in January 2022, Gotrade yet again acquired Series A funding of USD 13.5 million. (KR/ZH)