A new trading algorithm called TradeTrade is taking on the biggest funds in the world by making it easier for people to invest their money. TradeTrade is a new trading algorithm that lets investors invest in the stock market like a Wall Street fund manager, without fees and minimums.
The company is announcing its launch today on Product Hunt and is launching a beta program for early users."We're taking the same type of technology that Wall Street uses to make billions of dollars, and we're making it available to the average person," says TradeTrade co-founder and CEO, Alvin Goh.
The startup is launching with a $5.7 trillion investment from early stage VC fund, The Hut Group. TradeTrade plans to use the funding to build out its team and develop its product.
"We're excited to be working with TradeTrade because they are doing something very different in the financial space," says The Hut Group's Managing Partner, Denise Fong. "We think they have a great team and a great product, and we're looking forward to helping them build out their vision."
"TradeTrade is different because it's a fully automated trading algorithm that doesn't have any minimums or fees. We're taking the same type of technology that Wall Street uses to make billions of dollars, and we're making it available to the average person," says Goh.
"I've been in the startup world for a while, and I've seen a lot of people try to make trading more accessible to the average person," says Goh. "But there's always been a catch. Either they're too expensive, or they're not actually trading, or they have a minimum investment that's too high.