Double Plus is in the business of Cryptocurrency to make trading in cryptocurrency less cumbersome and to reduce exposure of traders to risks. Double Plus therefore acts as a brokerage firm in cryptocurrency.  The app-based brokerage firm also offers a cash-management product. There are no minimum investment amounts required or trading commissions, which makes the app suitable for new investors.

Double Plus Fees and Costs

Double Plus doesn’t charge trading commissions or fees to open or maintain an account. There are also no fees to transfer funds into your account.

That doesn’t mean customers don’t pay any fees. There are fees charged by others, which are passed on to customers. These are common charges levied upon all investment brokerages.

Other Fees

Most funds levy management fees that go directly to the fund management company. Wherever you invest, you’ll pay these fees.

There’s a $75 fee for transferring an account to another brokerage firm, which is known as an ACAT fee. The additional fees relate to overnight mailing charges and other infrequent services.

How Much Does Double Plus Gold Cost?

The Robinhood Gold subscription offers extra services and products including access to margin for a service fee, starting at $5 per month, users get:

• Access to research reports.
• A 2.5% per year margin interest rate.