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Founded in 2017, Public is an investment app offering commission-free cryptocurrency, stock and ETF trading, as well as community trading features for those who prefer DIY trading to investing. assisted by an advisor or automated investment.
In addition to offering a minimum requirement of $ 0, Public allows you to filter its selection of investments to see the securities that best match your preferences. The public is available on both ios and Android.
Not sure if Public is right for you? Read on to see how it compares to similar investment platforms.
Public, M1 Finance, and Tornado all offer stocks and ETFs, but Public’s selection of cryptocurrencies sets it apart from the rest.
You’ll pay more fees at Tornado than with Public or M1 Finance, but Tornado and Public are the best options for those who value educational resources, community investments, and social media-like features.
M1 Finance may be more suitable for investors looking for a wider range of account types and automatic investing features.
How to invest with Public.com
Stocks and ETFs
Public currently offers over 9,000 stocks and ETFs, so you’ll have a variety of different investments to choose from. Your taxable brokerage account also allows you to both invest in fractional shares (you’ll need at least $ 1 for this) and trade commission-free. Plus, it offers a few other features that can help you choose the best investments.
Its “Investment themes” function allows you to switch your portfolio according to your interests. The “Top Movers” tool lets you see which stocks are experiencing the highest or lowest movement during each day, and its “Stock Trends” feature compares the most popular investments with the least popular.
While Public is ideal for active traders who want to take charge of their investments, it is arguably even better suited for those who can benefit from the community-style investing features it offers.
Public also allows you to inform your decisions with the market movements of other traders and / or public figures. You can use the feed to follow different members to see what they’re investing in, and you can also share your investment knowledge and decisions with other users. Audience also gives you the power to create discussion groups with other investors, and you can also participate in investment events and listen to live conversations through the app.
You can also now diversify your portfolio with digital assets, thanks to Public’s partner, Apex Crypto. Public launched cryptocurrency investing on its platform in October 2021 and currently offers 25 coins and tokens. Its selection of investments includes, but is not limited to, the following:
Although you place orders through the public platform, Apex Crypto is responsible for their execution. Its partner also holds your crypto and charges a markup of 1% to 2% on each transaction. Another thing to keep in mind is that crypto trading is not available to residents of New York, Guam, or the US Virgin Islands.
the Better Business Bureau gives Public a B rating. These ratings generally reflect the office’s opinion of how a business interacts with its customers; In addition, the BBB also cites that its rating stems from the fact that 25 complaints have been filed against Public.
When evaluating businesses, the office also takes into account such things as type of business, time spent in business, licensing and government actions, and advertising issues. It’s important to note, however, that its ratings do not guarantee whether a platform, like Public, will be reliable or performant. Therefore, it is equally important to do your due diligence before choosing an investment application.
As for Public’s record, it has not recorded any major lawsuits in recent years. His BBB profile shows that he has closed 25 complaints in the past 12 months.