Company Information

Get to know Folio Investing

Founded in 1999 by former SEC Commissioner Steven M. H. Wallman, Folio Investing (and its parent, Folio Financial) aimed to democratize investing by making it more accessible and affordable. Its key innovation was the "Folio," a basket of up to 100 stocks, ETFs, or mutual funds that could be traded for a flat fee. The platform was one of the first to extensively offer fractional share trading, allowing investors to invest with small amounts of capital. In May 2020, Goldman Sachs announced its acquisition of Folio Financial, Inc. to expand its wealth management capabilities. The acquisition was completed, and by January 2021, all Folio Investing client accounts were fully transitioned to the Goldman Sachs platform, leading to the closure of the Folio Investing service.

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Folio Investing

United States

Founded in

2000 (26 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/40

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.