Company Information

Get to know Covestor

Founded in 2007, Covestor, Inc. operated as a registered investment adviser (RIA) that pioneered the concept of "social investing" or "mirror trading." The platform enabled investors to browse and select from numerous investment portfolios managed by various individuals, from seasoned professionals to talented amateur investors. Clients could then link their brokerage accounts to automatically replicate the trades made in their chosen portfolios for a management fee. In 2015, Covestor was acquired by Interactive Brokers Group, Inc. Its technology and business model were subsequently integrated into the Interactive Brokers' "Investors' Marketplace," and the standalone Covestor brand and platform were discontinued.

Industry

Financial Wealth ManagementPRIMARY
Financial Other Service

Contact

Social

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Covestor

United States

Founded in

2005 (21 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

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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.

Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

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.