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FAQS

FAQS

Senseitrade is a smartphone application that seeks to bring the stock market investment to anyone who is interested but until now has not found a simple and easy tool to use.

Senseitrade is partner of the DriveWealth broker collaborating by the figure of Foreign Finder Agreement. DriveWealth is a member of SIPC, wich protects users with a coverage fund until US $500,000 (includes $250,000 for cash); More information about SIPC is available at www.sipc.org
Yes, you can open an free demo account, wich allows you to simulate transactions with market prices, but without risking your money. You only need to give us your email, name and surname. You will receive $10.000 in virtual money (not real) to practice as much as you want.
SenseiTrade provides broad market sentiment, using publicly available information, such as social networks. This material should not be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. We are not soliciting any action based on this material. It is for the general information of our clients. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to securities, those references do not constitute a recommendation to buy, sell or hold such security, and the information may not be current. It does not constitute a recommendation or a statement of opinion, or a report of either of those things and does not, and is not intended, to take into account the particular investment objectives, financial conditions, or needs of individual clients. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. The price and value of the investments referred to in this material and the income from them may go down as well as up, and investors may realize losses on any investments. Past performance is not a reliable indicator of future performance. Future returns are not guaranteed, and a loss of original capital may occur. We do not provide tax, accounting, or legal advice to our users.
The sectors are aggregates where we have selected the most relevant actions of each one, actions that are changing the world around us. For example, in the sector "Big Technological" you can find actions like Apple, Facebook, Google...
In the section of major investors you can find a selection of stocks that have major investors such as Warren Buffet, George Soros ... This information is obtained from the forms of the SEC (13F and 13D), in which these people are obliged to publish their holdings in listed companies.
Senseitrade notifies our users about relevant changes in the market and helps you make the right investment decisions. Right now monitor twitter to detect when information is published but little by little we will be adding more sources of information.
In Senseitrade there are three types of alerts:
     
  • Hot Values: This type of alert is activated when the volume of messages over a value increases significantly with respect to its average value.  
  • Premarket: high-impact messages collected 2 hours before market opening  
  • Relevant Tweet: This alert is activated when we detect a tweet that can impact the networks and therefore could affect the price of an action. To do this we use a series of indicators that translate into a percentage of possible impact on networks.
Senseitrade only offers US values that meet the following criteria:

- Be listed in a oficial stock exchange (OTC values are not available).
- Market capitalization over $1 mil millions. - If the market capitalization is below $1 mil millions, then the average daily volumen of 3 months in dollars should be greater than $0,5 million. - Share price higher than $1.

You can check the here listing.
Only 3 steps are required:
     
  • Step 1: Click on the "Create real account" option and answer a series of questions that are required by regulation  
  • Step 2: Upload a photo of your DNI on both sides to our application. It will take a few hours to confirm its validity so that you can operate.  
  • Step 3: Deposit funds into your actual account using one of our accepted methods.
Senseitrade has several ways to deposit funds into your real account in a secure way. The most common are:
     
  • Credit card: We accept Visa, Mastercard, Discover and American Express  
  • Bank transfer.
The simplest way to deposit funds in Senseitrade is by credit card. The process is only 3 steps:
     
  • Click the "Add funds now" button (the green button on the left side of the application)  
  • Enter the amount you want to deposit and your credit card details,  
  • Click on "Deposit Funds Now" and you'll receive a confirmation.  
  • Depending on the banking process, the funds can take up to two days to appear in the account. When funds are deposited into your account, you will receive an email confirmation  
  • At Senseitrade we accept Visa, Mastercard, Discover and American Express.
You can deposit funds into your account by making a transfer to the bank account of our Drivewealth broker with the following data:
     
  • Bank Name: M & T Bank  
  • ABA #: 022000046  
  • SWIFT Code: MANTUS33  
  • Bank Address: A M & T Plaza, Buffalo, NY 14203  
  • Beneficiary Name: DriveWealth, LLC  
  • Beneficiary Account Number: AC # 9870304186  
  • Beneficiary Address: 97 Main Street, 2nd Floor, Chatham, NJ 07928 Also in the concept you must indicate:
       
    • Name and surname:  
    • User name  
    • Email address
Senseitrade will send you an email confirming that your deposit was received by your real investing account. Please note that different deposit methods have different confirmation periods.
Use the red button to withdraw funds from your account. Funds may be withdrawn 3 days after initial deposit. The process time can vary, but generally it takes up to 48 hours, the maximum amount being the total of your account.
No, Senseitrade doesn’t charge for open an account. For non US residents, there is a $5 fee for W-8BEN certification, which is required by the taxing agency. The fee is only paid once per account.
The transaction fee is fixed and is $2.99 per transaction whenever more than one share is purchased or sold.
Yes, it is possible to buy fractions of a stock. For example, 0.5 shares or $100 of a particular stock, even if the unit price is higher.
The commission for buying a fraction of a share is $0.99.
You can check all our commissions here.
     
  • Step 1: Select the action you would like to invest in.  
  • Step 2: Select if you want to "Buy" or "Sell." Important: You can only sell if you have previously purchased an action.  
  • Step 3: Enter the number of shares or the exact amount you want to buy and click on review order.  
  • Step 4: If all information is correct, click on create order.  
  • Step 5: You will receive confirmation of the operation in the email.
If you activate the risk manager you can automatically protect yourself from losses if the stock price drops by a certain percentage. For example if you want to protect 80%, your stock will be sold automatically if the stock price drops by 20%. The risk manager is actually a Stop Sales Order that is placed below the current price to limit losses .You can check these orders in pending orders.

Example: Imagine that you want to buy a XYZ stock at a price of $100 and add the option of the risk manager with 80% protection. If the stock price falls below $80, the stock would automatically sell by limiting your losses to $20.
The trading hours of the NYSE market are 9:30 AM (3:30 PM in Spain) to 4:00 PM (10:00 PM in Spain) Monday through Friday.
No, Senseitrade doesn't currently offer the possibility of operating outside the market hours.