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DriveWealth Review
DriveWealth is a US broker dealer that powers investing features inside other apps through an API, and FINRA fined it over 1.2 million dollars in 2025 for reporting failures.
Min Deposit
N/A
Spreads From
Not published, pricing is set by each partner platform
Max Leverage
Not applicable, DriveWealth does not offer forex or margin directly to end users
Platforms
DriveWealth REST API, DriveWealth FIX API
Pros
- Powers investing features inside more than 100 fintech apps and consumer brands
- Gives partner apps access to US stocks, ETFs and fractional shares from 1 dollar
- Registered with FINRA and the SEC and licensed across 53 US states and territories
- Handles KYC, order execution and reporting so partners do not build it themselves
Cons
- FINRA fined DriveWealth 1.1 million dollars in 2025 over trade reporting failures
- A separate 100,000 dollar FINRA fine in 2025 covered late account transfers
- Over 110,000 trades were let through during market halts between 2020 and 2021
- Not a direct to consumer broker, account terms depend entirely on the partner app used
DriveWealth, LLC is a New York broker dealer formed in New Jersey in 2012 and approved by FINRA in 2013. It is owned by DriveWealth Holdings, Inc. and does not sell directly to individual traders. It licenses a brokerage API that lets banks and fintech apps add US stock investing to their products.
Partner apps built on DriveWealth give end users access to US equities, ETFs and fractional shares from 1 dollar, with account opening, identity checks, order execution and reporting handled in the background. DriveWealth says it supports over 100 partner platforms, so the real cost depends on the app used, not DriveWealth directly.
FINRA fined DriveWealth 100,000 dollars in June 2025 for failing to process 1,206 account transfer requests on time between 2020 and 2022. A separate 2025 case added a 1.1 million dollar fine after the firm let over 110,000 trades through during market halts and failed to send hundreds of millions of required trade reports to regulators.
Max Leverage
Not applicable, DriveWealth does not offer forex or margin directly to end users
Spreads From
Not published, pricing is set by each partner platform
Platforms
Regulators
- FINRA (USA)
- SEC (USA)
