Wombat partners with Currencycloud to launch its Instant Investment service
By Joy Dumasia
Wombat has partnered with Currencycloud, the experts in simplifying business in a multi-currency world, in launching its new, free, Instant Investing account to give investors the ability to invest instantly in the UK and US stocks during opening hours.
In line with Wombat’s goal of making investing effortless and accessible for all, the easy-to-use Instant Investing account lets people who want to trade more frequently and with more choice do so with no initial subscription fee and only small FX transaction fees. An investor can now instantly place a trade, commission-free, during US market hours. The new account adds to Wombat’s carefully chosen, low-cost, theme-based exchange-traded funds (ETFs) and fractional UK, US and EU shares.
By partnering with Currencycloud and integrating its APIs directly into their app, Wombat is able to offer its customers instant access to popular US stocks and shares by executing instant buy and sell orders with unlimited commission-free trading and low FX rates. These customers can regularly trade in real-time and instantly convert USD to GBP and vice versa when it suits them without incurring any hidden FX fees.
Kane Harrison, CEO and Co-Founder of Wombat, said: “The addition of Instant Investing is really exciting for us as it gives our users the opportunity to further their investment journey. For those who want to be able to trade shares more regularly, our new instant account will give them flexibility and greater options with access to real-time investments and live market pricing. These new features are fundamental to the next stage of our development and give our users the tools they need to invest the way they want.”
Nick Cheetham, Chief Revenue Officer at Currencycloud, commented: “The growth of Wealthtech over the last couple of years has been meteoric. Working with a brand like Wombat that provides investment opportunities to the layman is a perfect example of our mutual goal of levelling the playing fields within financial services.”
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