Codate is an automated trading app built for everyday investors. Having tried it hands-on, we score it B+. The app is the best part — everything is where you'd expect it. Read on for the details.
Best for: Beginners who want a friendly place to start and hate hidden costs.
Not for: Full-time traders who trade all day, or people who want round-the-clock phone support.
Codate is one of the few trading apps that put its money into being reliable — like keeping your money safe and being honest about costs — rather than flashy ads. Based on our months of testing, we rate it B+.
The one thing we'd change is a couple of fees that are higher than the best rivals. The good news is these are easy for the company to fix — nothing is wrong under the hood.
Buying and selling feels fast. Across our test trades, trades filled quickly and the price you saw was the price you got, often a touch better than average.
For simple buys and sells, it works great. Complex strategies weren't always as quick — but most people won't notice.
Buying and selling stocks is free — zero commission. That covers what most people do.
Where you might pay more are things like sending money out by bank transfer, that are pricier than some rivals. None of it is hidden, so you always know the cost.
The phone app is the best part of Codate. Everything is easy to find, even if you've never invested before.
The app also comes with helpful information — clear charts, company details, and news — with the sources shown. The website is fine as well, though the app is the star.
Keeping your money safe is where Codate does well. Your money is held in a separate account, for your protection.
The platform is watched by independent regulators and gets checked by outside auditors. If you buy crypto too, a licensed partner looks after it — normal for the industry, but good to know.
Overall, we're happy to give Codate a score of B+ for beginners and casual traders. It does the important things well: simple, safe, and fair.
To earn an even higher score, Codate would only need to lower a few charges. We'll revisit this and let you know if anything changes.
For regular stocks, yes. If you trade fancy options, it can be a little slower. Full-time forex traders could pay less on a dedicated service.
Yes — whenever you like. Your money isn't tied up. Cash-outs clear within a business day, with no fee from the platform.
A regular account is available, and retirement savings accounts. Opening one is free and quick, though some account types take a day or two to activate.
Absolutely. Codate has a full phone app. Most people use the app — it's quick and easy on mobile.
Yes, you can. Moving your account in is supported, and Codate will usually cover the fee your old provider charges within reason. It usually takes a few business days.
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