Invest in stocks, crypto, funds and IPOs

What you can invest in

Pinnora puts four kinds of investment side by side, held in one trading account and valued in one balance. You do not need a separate app or a second account for each of them.

The full catalogue is in the app. Every asset has its own page with the current price, how it has moved over the day and a chart, so you can see what you are buying before you buy it.

Buy by the dollar with fractional shares

An order on Pinnora is an amount of money, not a number of shares. You say how many dollars you want to put in, and you receive whatever fraction of a share or a coin that amount buys at the current price. A company whose shares cost hundreds of dollars each is open to you with a small sum, and you can add to a holding a little at a time instead of waiting until you can afford a whole share.

Selling works the same way: you choose how much to sell in dollars, up to the whole of what you hold, and the proceeds go into your trading account as cash, ready to invest again or move out.

How an order works

Orders placed from an asset’s page are market orders. They execute straight away, at the price you are shown, and your cash and your new position change in the same moment.

1. Choose the asset. Open it from the catalogue or from search and check its price, its day’s move and its chart.
2. Enter an amount. Type how much you want to buy or sell in dollars. The app shows what that buys at the current price before you go further.
3. Press and hold to confirm. Holding the button for a second places the order, so a stray tap never buys anything.
4. See it in your history. The order is filled at once and recorded, with what you paid, in your transaction history.

For crypto pairs and orders that wait for a price of your choosing, the Trade page adds limit orders to the market orders described here.

Two accounts, one balance

Your money and your investments are kept apart, but shown together. The funding wallet is where deposits arrive and where withdrawals leave from. The trading account is where your investments are held. Your total balance adds the two up.

• Moving anything between the two is instant and costs nothing.
• When you buy, cash in the trading account is used first and the rest is taken from your funding wallet, so you do not have to move money across beforehand.
• Balances can be shown in the currency you choose; orders and deposits themselves are in US dollars.

Investment plans

Alongside the assets you pick yourself, Pinnora offers investment plans: managed plans that run for a fixed term, each built around a particular mix — from short-dated bonds and money-market instruments to broad share indices and digital assets. Each plan sets out its minimum, its term, what it holds and its target return.

A target return is exactly that: a target, not a promise. The value of what a plan holds can fall as well as rise, and you may get back less than you put in. Every plan has its own terms, which the app shows in full and asks you to accept before you join. Current plans and their targets are listed in the app, where they are kept up to date.

See how your portfolio is doing

The Statistics page shows your profit and loss, how your money is split between asset classes and how your balance has moved month by month, over whichever period you choose. The figures are worked out from a record of your balance taken every day, and money you paid in or took out is kept separate from gains and losses, so a deposit is never mistaken for a profit. Your history starts the day you open your account and fills in day by day.

Risks to understand before you invest

Investing involves risk. Prices go down as well as up, and past performance is not a guide to what happens next. Crypto prices in particular can move sharply and without warning. Spreading your money across different assets can reduce the effect of any one of them falling, but it does not remove risk.