BrokAIr Reviews

Twine Review

"Twine has been making waves in the online brokerage space with their innovative approach to low-cost investing - but is it too good to be true?"

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Overview of Twine

Twine is an online brokerage that was founded in 2018 by CEO David Snitkof and CTO Tomer Sofinzon. The company is headquartered in New York and offers a suite of commission-free trading services for individual investors. Twine has been recognized as one of the leading online brokerages, offering a variety of features, such as the ability to trade stocks, ETFs, and options, as well as to access real-time market data and research.

Pros and Cons of Twine

Pros

Cons

Public Opinion of Twine

Public opinion of Twine is generally positive. Many users have praised the company for its low fees and user-friendly interface. Additionally, many users have commented on the security of the platform, citing that it is safe and secure. However, some users have noted that the trading options are somewhat limited compared to other online brokerages. Additionally, the lack of live customer support has been a source of frustration for some customers.

Newsworthy Events Around Twine

In 2019, Twine raised $4 million in a seed funding round led by Fintech Collective, with participation from Heavybit Industries, Notation Capital, and other investors. In 2020, the company launched its mobile app for iOS devices and announced its expansion into Canada. Additionally, Twine was recently approved by the Financial Industry Regulatory Authority (FINRA) to become a registered broker-dealer. This registration will enable Twine to expand its services beyond just investing into other areas such as margin lending and lending securities.