In the fast-paced world of online trading, finding the right trading platform can make a significant difference in your investment journey. “Appreciate Wealth” is one such trading app that has gained popularity in recent years. Appreciate Wealth makes investing in US Stocks easy for beginners and pro traders.
Whether you’re taking your initial steps into personal finance or taking big steps toward financial freedom, this app lets you pursue your financial goals with a strong AI recommendation engine. In this article, we will delve into the features, pros, and cons of the “Appreciate Wealth” app to help you make an informed decision about using this platform.
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About Appreciate Wealth App
Appreciate Wealth app is an investment app that aims to make investing more accessible and affordable for everyone. It offers a variety of features to help users invest in stocks, ETFs, and other assets which include:
• Fractional Investing: Users can buy and sell fractional shares of international stocks, which means that they can invest in any stock or share regardless of price.
• Thematic EFTs: Appreciate Wealth app offers a variety of thematic ETFs (Exchange-traded Funds) which are baskets of stocks or shares that focus on a specific theme, like Technology, Health Care, Clean Energy, etc.
• Automated Investing: Users can also set up automated investing plans to invest regularly in their selected assets.
• Educational Resources: Appreciate Wealth app also offers a variety of educational resources to help users learn more about investing and trading.
Features of Appreciate Wealth app
Some of the features of the Appreciate Wealth app are as follows –
Spending Tracking: Users can track their spending by different categories like groceries, transportation, and entertainment. The app also provides users with some insights into their spending habits such as how much they spend on each month and in each category, etc.
Budgeting: Users can create and manage budgets within the app. The app also provides users with tools to help them stay on track with their budgets, like spending alerts and notifications.
Investing: Users can invest their money in a variety of investment products, like Stocks, ETFs, and Mutual Funds. The app also provides users with educational resources to help them learn more about investing.
Goal Setting: Users can set financial goals within the app, like saving their investments for the down payment on a house or car. The app also provides users with tools to help them track their progress towards their goals.
Low charges: Appreciate Wealth app charges a low transaction fee of 0.05% or Rs. 5 (whichever is higher) on all assets along with a Rs. 1 per unit platform fee charge.
How to download and create your account on the Appreciate Wealth app?
To create your account on the Appreciate Wealth app, follow these simple steps –
• First, Download the Appreciate Wealth app from the Google Play Store or Apple App Store and install the application on your Smartphone.
• After installing the app, the app interface will open on your mobile screen. Now, select your desired language and then click on the Continue option.
• After that, click on the Get Started option and then click on the Sign-Up option to create your new account on the Appreciate Wealth app.
• On the Sign-Up page, enter your Full Name and then click again on the Sign-Up button.
• Now, enter your Mobile Number and then click on the Sign Up with OTP option to verify your mobile number.
• To verify your mobile number, the app will send a 6-digit OTP (One Time Password) to your mobile number. Enter the OTP on the text box and then click on the Confirm option.
• Now, create a Strong Password for the app and then click on the Set Password option, and then confirm your Password by re-entering it again. (Note – The password should contain a minimum of 8 characters).
• After setting your Password, now you’ve to set your 4-digit Appreciate Passcode and re-confirm it for additional security and easy login.
• Now, you’ve to fill in your details on the Sign-Up form which includes your E-mail Address, Birth Place, Gender, Marital Status, and Mother’s Name, and then click on the Proceed option.
• After that, the app will ask you to fill in Other Details like Educational Qualification, Annual Income Range, Occupation, Source of Income, etc., and then again click on the Proceed option.
• After that, a verification e-mail will be sent to your registered E-mail Address to verify your E-mail ID.
After verifying your E-mail Address on the Appreciate Wealth app, the e-mail will automatically redirect you to the Appreciate Wealth app and your Sign-up process will be completed. Now, you’ve to complete your KYC Verification process on the app.
How to complete the KYC Verification on the Appreciate Wealth app?
After completing the Sign-Up process on the Appreciate Wealth app, the app will ask you to complete your KYC Verification on the app. To complete the KYC Verification process of this app, follow these simple steps –
• After completing the Sign-Up process on the Appreciate Wealth app, click on the Proceed to KYC option and then click on the Start KYC option.
• Now, upload the front side image of your PAN Card along with your PAN Card Details and then click on the Next option.
• After that, enter your Aadhaar Card Number upload the front and rear side image of your Aadhaar Card, and then click on Verify Aadhaar with OTP option.
• Now, an OTP (One Time Password) will be sent to your registered mobile number which is linked to your Aadhaar Card. Enter the OTP on the text box and then click on Verify with OTP option.
• After that, your KYC Verification process will be completed. Now, click on the Proceed to Setup Account option to set up your account on the Appreciate Wealth app, and then click on the Create Account option.
• The app will again ask you to review all your details on the app. Just re-check all the details and then click on the Proceed option.
After that, your account will be temporarily verified on the Appreciate Wealth app. Your account will be activated after successful video KYC Verification on the app.
Click on the Continue to VKYC option to complete your Video KYC on the app and after completing the Video KYC process, your account will be successfully created and verified on the app. Now, you’re ready to start trading with Appreciate Wealth.
Refer and Earn Feature of Appreciate Wealth App
To use the Refer and Earn feature of the Appreciate Wealth app, you’ve to use the GroMo app. Download the GroMo app on your Smartphone and create your account with your Mobile Number. After creating your account on the app, click on the Demat Account option on the Sell and Earn section in the main dashboard of the app.
Now, in the Demat Account option, scroll down to the menu and select the Appreciate Wealth option. Here, users can earn up to Rs. 600 per Referral on the app. Here, users have to complete some goals to earn the Referral Cashback of Rs. 600 in their wallet.
If your friend creates an account with your Referral Link and performs a trade of a minimum of Rs. 1000, then you will get Rs. 300 in your wallet. Apart from that, if your friend performs a trade of Rs. 1000 every month (for 6 months), then you will get Rs. 50 per month as Referral Cashback for 6 months.
To use the Refer and Earn feature, simply click on the Share with Customer option and then share the Referral Link with your family members and friends.