Mogo Releases a Commission-free Trading app in Canada

Mogo has launched its commission-free trading app, MogoTrade. The Canadian-based fintech company’s new app is supposed to bring commission-free trading in Canada to the next level. 

MogoTrade is available on both Google Play and the App Store currently offers free real-time streaming quotes, but will gradually allow access to the commission-free trading feature from Q1 2022. Certain Mogo members will have an option to start trading right away, while others will be added to a waitlist.

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David Feller, CEO at Mogo, expressed his excitement about the future of investing in Canada. Furthermore, he says the company is still in the early phase of transforming investing and wealth management to a digital experience, with Mogo being the centrepiece of its strategy. 

The platform plans on beginning with equities and continuing to expand to crypto and NFTs. Feller further pointed out that this is the most significant product yet for the company and a huge milestone. 

Additionally, Mogo launched “green bitcoin” to secure its spot on the Canadian cryptocurrency trading market. In efforts to keep carbon emissions down, the company will plant enough trees to offset the CO2 emissions released by mining the bitcoin.

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