dough Raises $20M

Dough , a new commission-free, online broker and wealth creator has announced it has raised $20m from tastytrade, Inc.

“The next generation of investors are looking for more than bare-bones investing and wealth management platforms targeting them with slick promotions only to leave them high and dry when it comes to content, service, and functionality. dough is going to elevate the level of competition.” – Victor Jones, former director of Trading and Operations at TD Ameritrade.

The Chicago-based company is focused on the investor, offering: commission-free trading on listed stocks and ETFs, no minimums on account size, original content that delivers ideas tailored to a person’s interests, an investing app with live in-app support, and a straightforward pricing model – customers will be charged a $1 monthly subscription for unlimited commission-free trading.

Dough will start accepting customers in September.