GoTrade Philippines

Overview

Gotrade is a Y Combinator-backed fractional-investing app that lets users in 150+ countries, including the Philippines, buy fractional shares of US stocks and ETFs commission-free from as little as US$1. It operates as an introducing broker through US-regulated partner Alpaca Securities LLC (FINRA/SEC), with SIPC protection up to US$500,000. The operating entity, Gotrade Securities Inc., is licensed in Labuan, Malaysia (Licence SL/20/0014). Gotrade is NOT registered with the Philippine SEC and serves Filipinos cross-border, the same profile that drew an SEC advisory against eToro.

Funding and ownership

People

• RMRohit MulaniCo-Founder & Chairman
• NWNorman WantoCo-Founder & CEO
• DGDavid GrantCo-Founder

Licences and certifications

• Labuan Securities Licence No. SL/20/0014 (Labuan FSA, Malaysia)
• US trades via Alpaca Securities LLC (FINRA/SEC-regulated)Certification
• SIPC coverage up to US$500,000Certification
• NOT registered with the Philippine SECCertification