DragonFi, the stock brokerage arm of businessmen Edgar Sia II and Tony Tan Caktiong, said Tuesday it launched DragonFi Lite, a new feature within the Maya app that makes stock trading in the Philippines easy and accessible.
DragonFi chief executive and co-founder Jon Carlo Lim said in a statement DragonFi Lite is a “game-changer for stock trading in the Philippines” as it offers zero minimum deposit and no fees for cash in and cash out transactions.
“By offering no minimum deposits and no fees for cash-ins, we’re opening up investment opportunities for all Filipinos,” Lim said
DragonFi teamed up with Maya app for the offering.
“Partnering with Maya, the leading digital banking app with over 50 million users, underscores our dedication to providing a seamless investing experience. This initiative specifically targets Maya users who are new to investing, addressing the fact that only 1.8% of the total working population currently invests in Philippine stocks. We’re excited to help people grow their wealth,” Lim said.
Other key features of DragonFi Lite include real-time digital account opening, which allows an investor to set up an account as fast as 15 minutes and start trading immediately.
Meanwhile, the trade anytime feature gives investors with busy schedules the benefit from the flexibility of after-hours order.
DragonFi Lite is a streamlined version of the DragonFi 2.0 mobile app, specifically tailored for Maya users keen on exploring stock trading.
“The launch of DragonFi Lite marks a pivotal moment in our mission to expand our user base through strategic partnerships. By collaborating with Maya, we are making investing accessible to a broader audience, solidifying our commitment to financial inclusion in the Philippines,” Sia said.
