About the company:

Public.com was formed in the United States in 2019 and is based in New York. Yannick Mulling, the current CEO, and Leif Abraham, the co-CEO, make up the broker’s executive team. It’s a private fintech firm with no stock market value. Several famous investors, including Accel, Greycroft, and Will Smith, own Public Holdings, Inc. The firm’s objective is to make sure that on your way to speculation, you may mix investing chances with new learning tools. Forbes, the Wall Street Journal, and Variety have all profiled the broker. Public.com is a fast-growing platform with over one million users.

Trading platform

Only a specialized mobile app provides the whole trading experience. A web application is also being developed by the broker, which is now in beta testing. However, it is not yet completely functioning, with several functionalities disabled, such as the ability to limit orders. In addition, there is no desktop trading system.

Fortunately, the mobile trading interface is simple to navigate and includes a variety of advanced features such as advanced analytics, charting options, and visualization tools. The design is simple to use for new investors, but it also has a level of complexity that many seasoned clients will appreciate.

Asset range

Only stock trading and investing alternatives are available through the brokerage. Futures, options, and CFDs are not available in conjunction with debt trading. Securities, on the other hand, may be acquired as stocks, ETFs, and crypto assets, with the whole list being updated on a regular basis. Each instrument has a security label that specifies the asset’s risk level.

Mobile platform for stocks and cryptocurrencies in the United States

There are over 9,000 stocks and ETFs available, with new IPOs and SPACs being added on a regular basis. Through so-called “slices,” the company allows investors to invest in fractional shares. There are additional dividend reinvestment options, albeit no over-the-counter (OTC) shares are available.

Apex Crypto is a cryptocurrency brokerage that sells 25 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), and Cardano (ADA). Customers can buy, trade, and store cryptocurrencies on the public and apex crypto platforms. However, individual crypto wallets are not available.

Public Holdings Отзывы

Commission and Leverage

It, like its competitor Robinhood, is a zero-commission broker that offers free investing services. Margin trading is not available via this broker.

Mobile trading

The platform’s main product is a smartphone app. The software is available for free download on the App and Play Stores for iOS and Android devices. Customers may access a variety of analytics tools, as well as social and educational elements, through the platform. The process of creating an account is simple, and the whole experience is functional and easy to use.

On Google Play, the trading app has a rating of 4.5 out of 31,000 reviews, while on the App Store, it has a rating of 4.7 out of 40,000.

Payments

Credit card payments are not accepted. Accounts can be financed using a number of financing and deposit options. Anyone can start with as little as $1 because there is no minimum deposit requirement. The broker offers a 2.5 percent interest rate on all deposits up to $10,000.

Debit cards must be retained for at least five business days before being removed. However, transactions are usually completed within 24 hours outside of this time frame. Although money may only be withdrawn to a bank account that matches your public.com account, there are no minimum or maximum withdrawal limitations.

The following are the fees charged by the broker for their transactional services:

  • ACAT Expenses: $75
  • Paper statements are $35.
  • Withdrawal of cryptocurrency: $75
  • Internal bank transfer: $30
  • International overnight check: $35.
  • Broker phone deals start at $30.
  • Payments made by check, ACH, bank transfer, or withdrawal: $30

Regulation

The firm holds a Member 8-66049 certificate from the Securities and Exchange Commission (SEC) as a broker-dealer. The broker has a certificate number of 127818 from the Financial Industry Regulatory Authority (FINRA).

It’s also a Securities Investor Protection Corporation member, which ensures your money is safe up to $500,000. As authorized by Congress, SIPC is a non-profit company that offers consumer insurance for investment accounts. In addition to SIPC protection, broker-clearing business Apex has extra insurance coverage via a consortium of London underwriters.

Additional features

A community forum, group chats, and a regular blog are among the firm’s social features, as are social trading techniques like copy trading. The company functions similarly to a social media trading platform, with the opportunity to trade by conversing with friends. Because everyone has a username, chatting with others is a breeze. You may invest in several “themes” depending on various criteria, such as “Made in America” or “Cannabis.” The minimum amount to invest in a topic is $100, and market orders are always completed. This functionality does not allow you to establish a limit or stop order.

The town halls are one aspect of the firm’s social element, through which you may connect with the company’s CEO and founders via live seminars and speeches, as well as questions and answers in the app.

On the company’s website, you may find capital gains tax calculators and fractional share calculators. The application’s research feature may also be used to locate new investors, IPOs, SPAC firms, people, and stocks, among a variety of other things.

The investment business holds a number of seminars and webinars on how to utilize the app and how to invest in general. Users may listen to daily audio broadcasts of the latest financial news and trends in the app and on YouTube.

Account

Users have access to only one account, which includes both taxable and savings accounts. Although it is eager to provide additional advanced goods that may require membership fees, there is no minimum account size.

Clients may only have one open account at a time, while several individual portfolios, including long-term investment portfolios, may be stored within one account.

To create an account, you’ll need to provide the following information:

  • US citizenship
  • 18 years
  • residential address in the United States
  • TIN
  • Permanent residency in the United States or a valid visa

You can easily transfer your investments from another brokerage account without selling them or incurring any tax penalties.