Qapital and Folio Investing Crypto Currencies in 2021

Qapital and Folio Investing BAT, Bitcoin, Bitcoin Cash, Cardano, Dogecoin, Ethereum, Litecoin, NEO, Ripple, and Stellar crypto currencies trading account in 2021.

Qapital and Folio Investing Crypto-currency Trading

Investors who are looking to trade popular cryptocurrencies, such as BAT, Bitcoin, Bitcoin Cash, Cardano, Dogecoin, Ethereum, Litecoin, NEO, Ripple, Stellar, cannot do it on Qapital and Folio Investing. The brokers simply do not offer them. For Ethereum, Bitcoin, Bitcoin Cash, Litecoin, Dash, Zcash, Stellar, and Dogecoin trading, investors can use a $0-fee Webull.

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Investing Services at Qapital

Qapital is a new personal finance app. Unlike some of the other companies in this space, Qapital does offer something different. For example, it has employed the famous behavioral psychologist Dan Ariely as its “Chief Behavioral Economist.” It also has an investing arm called Qapital Invest. It offers a robo ETF service with savings rules.

Is Qapital Invest Legitimate?

Qapital Invest is a member of FINRA and SIPC. FINRA (Financial Industry Regulatory Authority - is the largest independent regulator for all securities firms doing business in the United States. Its chief role is to protect investors by maintaining the fairness of the U.S. capital markets.

SIPC (The Securities Investor Protection Corporation - either acts as trustee or works with an independent court-appointed trustee in a missing asset case to recover funds. The statute that created SIPC provides that customers of a failed brokerage firm receive all non-negotiable securities that are already registered in their names or in the process of being registered. SIPC is an important part of the overall system of investor protection in the United States. While a number of federal, self-regulatory and state securities agencies deal with cases of investment fraud, SIPC's focus is both different and narrow: restoring funds to investors with assets in the hands of bankrupt and otherwise financially troubled brokerage firms.

Is Qapital a member of the Federal Deposit Insurance Corporation (FDIC)?

Yes. The FDIC is the group that insures bank deposits. Any investor with a savings account, checking account, money market deposit account, or Certificate of Deposit (CD) held at Qapital in their banking division is insured for at least $250,000 per account. Since these investments earn fixed rates of interest and do not fluctuate in value, these investments are virtually guaranteed to the penny.

The Personal Finance Side

In order to start investing with Qapital, you first have to sign up for the company’s personal financial account, called a Qapital Spending account. This will cost $6 or $12 per month, depending on the package you choose. To cover this cost, you have to link an external checking account from which the monthly fee will be withdrawn. That’s the first thing we didn’t like about Qapital’s service.

During our testing of Qapital’s platform, we were offered a 30-day free trial of a Qapital Spending account with the ability to cancel at any time. Once we were in our mobile account (everything is done on the company’s mobile app), we weren’t able to figure out how to cancel our trial.

Qapital Brokerage Review

There is a chat bot if you need any help. It can be found by tapping on the person icon in the lower-right corner of the app and then selecting the “Support” option that is displayed. Select “Message us” on the next page and a robo chat service will appear. There, we were able to find instructions on how to close our trial account. That’s the second thing we didn’t like about Qapital—easy to open an account but difficult to close it.

On the positive side, cash held at Qapital is FDIC insured (with the assistance of Wells Fargo) up to $250,000.

Investing Services

Once you have the appropriate Qapital savings account up and running, you can start investing on the platform. You’ll first need to create a goal. Pre-defined goals such as saving for retirement or education are installed as tiles on the app. Although these goals are on the app, strangely Qapital doesn’t offer retirement or education accounts (such as Coverdell accounts or IRA’s).

Qapital Invest Review

You can simply tap on one goal to move to the next page in the setup. If you select multiple goals, you’ll end up creating multiple accounts because each goal represents one account.

The app displays the potential future value of an investment account based on the amount saved (per day) for a given length of time (such as 15 years), assuming a 5% investment return, a very reasonable figure.

Each Qapital Invest account buys and sells low-cost ETF’s that track global indexes. The funds are composed of stocks and bonds, and these exchange-traded funds are the only products available. Portfolios are constructed using Modern Portfolio Theory, which means the emphasis is one achieving certain target allocations among asset classes (equities and bonds). Investments at Qapital are protected by the SIPC up to $500,000.

Qapital’s investment accounts are monitored by a software program that reinvests dividends and rebalances portfolios when some assets increase in value while others decline. The same robot also chooses initial investments based on a questionnaire.

Besides the $6 or $12 monthly fee, there are no other costs associated with Qapital’s investment accounts. There is a $10 minimum starting balance on the investment side. Recurring deposits can be set up so that the investment account receives regular contributions. It takes Qapital 5 to 7 business days to transfer funds from a Spending account to a Qapital Invest account and make an investment. Since we’re talking about an internal transfer here, that seems like quite a while to us.

Savings Rules

Qapital’s method of money management uses savings rules that are based on IFTTT (If This Then That). Whenever an event is triggered, a Qapital Spending or Qapital Investing account receives a deposit from a linked credit card or external bank account. You simply set up triggers in your Qapital account, and when one of them is set off, funds are transferred to the account you have selected.

Qapital investing Rules

One rule Qapital has is the round-up rule. Purchases are rounded up and the difference is sent to a savings or investing account. If you spend $2.70 with your credit card, $0.30 or $1.30 can be sent to your Qapital Invest account.

Another rule is the spend-less rule. With this one, if you spend less than a pre-determined amount on an item, the difference will be deposited into your Qapital Invest account. For instance, if you set a limit of $40 on movie tickets, and spend $30, $10 will be moved to your Qapital account.

Customer Service

The only service option we were able to locate during our investigation was a robo chat function on the company’s website. There is no login, however. So obviously, the website has no account management or trading ability. The same AI makes an appearance on the mobile app. We couldn’t find a telephone number for this company, which is a drastic cost-cutting measure. We didn’t bother to look for branch locations. It is possible to send an electronic message to Qapital, and the broker promises a response in no more than 24 hours.

Missing Brokerage Services

Services that most self-directed investors expect to find at a brokerage firm such as trading software, learning materials, margin, security profile pages, and research tools are completely absent at Qapital. Furthermore, many investment vehicles aren’t available. These include options, individual bonds and stocks, mutual funds, penny stocks, OTC stocks, futures, cryptocurrencies, and forex. The ETF’s that Qapital offers will have stocks and fixed-income assets in them.


Qapital has a lot of work to do if it wants to be competitive with other brokerage firms. For example, M1 Finance offers a robo-advisory service that charges a 0.00% management fee, just like Qapital. Unlike Qapital, M1 Finance doesn’t charge a monthly fee.

M1 Finance offers pre-built portfolios of ETF’s, and these portfolios charge no management fees. It’s possible to put one stock or one ETF in one basket, which means it’s possible to trade single stocks and ETF’s.

Schwab has human advisors (for an extra fee) who can provide financial guidance in many other areas of life, such as annuities, retirement planning, and general investing. Moreover, Schwab operates hundreds of branch locations, so it’s easy to find in-person service—not to mention the broker offers 24/7 service over the phone and via online chat.

Both Schwab and M1 Finance have debit cards, a service that Qapital offers as well. Qapital currently pays 0.10% on free cash balances, while Schwab’s checking account is at 0.37%, and M1 Finance pays nothing or 1.5% with a $100 annual fee. Schwab’s debit card offers unlimited ATM fee refunds worldwide with a 0% forex surcharge. Qapital charges 1%.

Qapital Review Summary

Qapital has a unique savings plan with its savings rules, which produce automatic transfers to a Qapital savings or investment account. But there is a monthly fee for this, and one could just as easily make a monthly manual transfer somewhere else with no fees. Moreover, many other investment services unavailable at Qapital can be found at other brokerage firms with zero or minimal fees. Millennials might like the savings rules, but we think they would be better off saving on their own for free instead of paying a monthly fee to do so.