Okane

Mobile app for trading stocks and cryptos. Powered by Alpaca Broker Api, Okane enables retail investors across the globe to trade whole or fractional shares of US stocks & ETFs including cryptocurrencies commission free.

ABOUT OKANE

Millennials globally still face  alot of significant barriers when trying to invest in US stocks.

Founded in 2021 by Brian Zifac, Okane started with the realization that many foreign residents faced alot of challenges and increased  cost when trying to invest in US stocks. From requirements like needing US residency to excessive commission fees and minimum deposits, foreign residents were limited in how they could purchase shares of popular US companies that many US residents had access to purchase with ease.

MISSION

Okane goal is simple. Invest with ease. Okane has built an intuitive mobile application to support this technology, allowing retail investors to easily manage their entire portfolio in one place. With Okane, investing in US stocks is now simple and accessible for all retail investors around the world as it is for US residents.

OKANE KEY FEATURES 

Whole or fractional shares trading in US stocks

Global availability 

Trade Stocks, ETFs & Cryptocurrencies 

Commission-free trading with minimum orders as low as $1

No custody, inactivity, or dividend fees

User accounts protected up to $500,000 by the Securities Investor Protection Corporation (SIPC)

HOW OKANE PLANS TO MAKE MONEY

Okane doesn't charge commissions for trading US stocks but however charges a small fees for crypto trading and foreign exchange rates 

Okane fees will come from crypto trading(1.5% to 2
0%) as well foreign exchange rates (1.5% up to 2.0%) when you deposit funds to your account using your local currency. 

The crypto trading fees and forex fees is where the app will earn money from .

TEAM PROGRESS

Okane just had its first intro meeting with Alpaca after a successful review of our andriod App and is in the process of signing an NDA as part of the partnership moving forward. During this meeting Alpaca informed our team that it will take between 2 to 4 months for the app to go live and the reason being  that alot of paper works need to be completed and the team kyc by FINRA.

Website and App link
https://okanewallet.com/

WHY WE NEED FUNDING 

we need this funding to be able to able to fulfill some of the partnership fees associated with alpaca and as well as to attract huge number of users through incentives when users sign up and fund their trading account.