Digital trading technology company DriveWealth, LLC has just announced the expansion of its partnership with Stake, the first non-U.S. company to offer commission-free trading in U.S. stocks, Exchange-Traded Funds (ETFs) and American Depositary Receipts (ADRs).
The DriveWealth platform expands offering to South American users, starting in Brazil in March. Brazilians will now have easy access to the U.S. equity market.
DriveWealth CEO Robert Cortright said:
Our partnership in Australia with Stake has been a great success to date, with thousands of users signing up each month. Both of our companies are focused on bringing simple, digital, affordable access to the U.S. equity markets for investors around the world, and this expansion into South America is an important step forward in achieving that goal.
Stake CEO Matt Leibowitz commented:
No matter where you live, you should have equal access to opportunity. Our focus is to deliver the best trading experience in the world’s biggest and most important share market, the U.S. stock market. We’re on a mission to democratize access to global financial markets and believe that this access should be direct, simple and accessible. Our partnership with DriveWealth aligns perfectly with that mission.