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Previously known as Nvstr, Tornado is an online brokerage geared towards learning and the sharing of ideas and strategies between investors of all knowledge levels. Founded in 2015, the company strives to empower investors by offering simple portfolio optimization and automated tools, eliminating the guesswork that can come from managing investments.
Get Paid to Learn about Investing
- Low $5 minimum investment
- Monthly $7.99 subscription fee includes 40 free trades
- Earn up $50 to invest through Learn and Earn
- Earn up to $1,000 as a sign-up bonus when you join
- Subscription plan with up to 30 free trades per month
- One-Click Portfolio Optimizer
- Receive personalized educational content aligned to your experience level
- Share insights and tips with other investors
- Deposit bonuses available, like $15 for a $100 initial deposit
The company's portfolio optimization tool, known as One-Click Portfolio Optimizer, allows investors to skip the guessing game when it comes to which stocks and stock classes to invest in and how much to trade. Optimization is based on independent, Nobel Prize-winning research and provides a completely customizable process that aligns with each investor’s risk levels, views, and preferences while still leaving the final decision to the investor.
Tornado’s community tools are another way for members to increase their investment knowledge and learn about different strategies. Members can publish what they think about a stock and have other community members chime in with their own views on it. This feedback process results in more engaged and informed investors.
Tornado offers simulated trading accounts for novice investors who are still unsure about how the process works. These simulated accounts allow the investor to test the platform and try out its features without putting their money at risk.
The platform also provides educational opportunities for investors through its Learn and Earn curriculum, an interactive program available for all Tornado members. By completing courses geared towards their experience level, members earn experience points and are eligible to receive a bonus of up to $50. A live brokerage account is required to receive the rewards.
As an additional feature, new Tornado members can receive bonuses that range from $5 to $1,000 for their initial qualifying deposits, as long as those deposits remain in the account for one year.