Moneybase Invest

Moneybase Invest

powered by CCTrader

3 ratings
1 review

Archived App

This is an archived listing of the app previously available on the App Store.

Although the app is no longer distributed by Apple, you can still view its description, screenshots, version history, ratings, and metadata for reference.

Details

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  • Updated
Moneybase Invest screenshot #1 for iPhone
Moneybase Invest screenshot #2 for iPhone
Moneybase Invest screenshot #3 for iPhone
Moneybase Invest screenshot #4 for iPhone
Moneybase Invest screenshot #5 for iPhone
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About

This platform offers a wide range of investment options at a low cost through a user-friendly interface. It now includes an IBAN for seamless money reception and improved card deposits, evolving from its previous iteration.

Wide choice of investments
Low cost
User-friendly platform
Feature-rich
IBAN for money reception
Improved card deposits
Show original description

What's New in Moneybase Invest

3.12.0

November 25, 2023

Welcome to Moneybase :) With the new Moneybase Invest app, previously known as CCTrader, you can continue to make investments easily. You can now also make use of your new IBAN to receive money and we have also made card deposits much better! What is more is that you can also install our new Moneybase app which allows you to send & receive bank transfers with your own IBAN, pay friends, get a physical or virtual card all in the same Moneybase ecosystem. Switch between both apps easily and watch out for our weekly updates, we are just getting started!

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User reviews

2FA is not great

CCTrader went ahead and enabled two-factor authentication (2FA) via SMS, not as an opt-in security feature, but as a blocking mechanism for logging into your existing account.

1) SMS should not be used for 2FA if it can be avoided. It is relatively insecure and can be compromised with social engineering, MITM attacks, etc. There is plenty of literature available on this. One of the common ways hackers gain access to accounts is via SIM swaps.

2) If you are traveling and using a different SIM card, or if you cannot connect to a cell network, you are going to have a bad time.

3) If you permanently lose access to your phone number (e.g. change numbers without considering CCTrader first), you are going to have a bad time.

CCTrader should instead,

1) Provide opt-in 2FA support that supports multi-platform authenticator apps like Google Authenticator, Authy, etc. There should be a prompt and easy-to-follow set of instructions to enable it upon successful login. One-time passwords sent by email would also be better than SMS.

OR, even better,

2) Provide 2FA functionality, such as a code generator, directly in their own app (and allow enabling bypass with TouchID or other biometric ID), and associate your preferred *device* (not SIM card) to your account for any 2FA purpose.

A code generator in an app consists of a hash of a shared secret key (e.g. derived from device ID) with the current timestamp. Look into TOTP, RFC6238, RFC4226. I cannot think of a good reason a modern OTP / 2FA implementation should start with SMS when there is already a smartphone app available.

Immediate upgrade to 5 stars when this is improved or made opt-in.

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The app is a web view. Waiting for the real thing!

I wouldn't normally have a ton of issues with this, but some things need to be tweaked. For example, 1) there is a delay when opening the menu; 2) when you navigate you get the spinner but the view doesn't change until loading is complete (the view should immediately change to some loading or null state); etc. Basic fundamental UI tweaks would make this much better & make it harder to realize that it's a web view.

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edit: thanks for the response & roadmap tip!
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Response from developer

Thanks for the feedback, we'll pass this on to our UI team to see what they can do. In the meantime we welcome you to follow our public roadmap (https://trello.com/b/TOdBkXEv/cctrader-public-roadmap) to view and vote on future features which will be added to the platform.

FAQ

What is Moneybase Invest?

Moneybase Invest is a finance platform that provides a wide choice of investments at a low price via a user-friendly and feature-rich interface. It has evolved from CCTrader and is part of a new Moneybase ecosystem.

What new features does Moneybase Invest offer?

Moneybase Invest now offers users their own IBAN for seamless money reception and improved card deposits. A separate Moneybase app with new functionality is also available.

Is Moneybase Invest free to use?

Yes, Moneybase Invest is available for free. The app is priced at 'Free' and does not list in-app purchases or subscription fees in its provided data.

What devices is Moneybase Invest compatible with?

Moneybase Invest is compatible with a range of Apple devices including watch, iPhone, iPad, and iPod.

How often is Moneybase Invest updated?

The latest version of Moneybase Invest is 3.12.0, which was last updated on November 25, 2023. This indicates a relatively frequent update cycle.

What is the age rating for Moneybase Invest?

Moneybase Invest has an age rating of 4+, making it suitable for a broad audience.

What are the security features of Moneybase Invest?

While specific security features are not detailed in the provided description, as a finance platform, it is expected to employ industry-standard security measures to protect user data and transactions.

What types of investments can I make with Moneybase Invest?

The platform offers a wide choice of investments, though specific asset classes like stocks, ETFs, or cryptocurrencies are not explicitly detailed in the provided description.