Searching for an online investment platform? Check out this article to discover the reality of Public.com before trusting them with your money. Weighing up your options is key – let’s figure out if Public.com is a good fit for you. Investing carefully is essential!
Contents
Quick facts: Is Public.Com Legit
Introduction
Public.com is a popular investment platform for both experienced and beginner investors. It has dynamic tools, low fees, and easy access to stocks, ETFs, and options. Is it legit? This guide gives an in-depth review.
We look at the company’s history and background, features and services, fees and commissions structures, and safety. By the end, you should have all the info to decide if Public.com is right for you.
History of Public.com
Public.com is a micro-investing platform and social network. It provides investing services to individuals. Entrepreneurs founded it in 2018, aiming to make investing easy, accessible, and affordable for everyone. They wanted to bring democratization of investing opportunities to all.
The company has become an fintech leader. It gained over 1 million users in the first year. Its mission is to empower more people financially with no-fee investment service. The mobile app lets you invest in publicly traded companies, ETFs, and create personal portfolios with no commissions or account minimums.
The social network lets you follow investors, discuss stocks, and get real-time feedback on investments and portfolios.
What is Public.com?
Public.com is a mobile investing app. It is easy to use and has transparent fees. Users can buy fractional shares of stocks or ETFs. Social investing lets users connect with other investors or “experts” and collaborate on portfolio construction. The rewards program gives cash bonuses for activities in the stock market.
Public.com makes it easy for individuals to access the stock market.
Who is behind Public.com?
Public.com is an investing platform that offers zero commissions and no minimum account size. It was founded by Jannick Malling and Stuart Sopp, both former McKinsey & Company executives. The company has gained over $100 million from investors such as Sequoia Capital, Accel Partners, and Andreessen Horowitz. Public is based in San Francisco and operates with customers throughout the US.
In addition to no-fee stock trading, Public also features:
- Social Investing, which allows users to follow friends and public figures in real-time;
- Auto Deposit, which allows for automatic transfers of money into Public accounts; and
- Cash Rewards, which gives users cash back on purchases made through their accounts.
Is Public.com Legit?
Public.com is a digital platform that makes investing easy and fun. It offers stocks and ETFs. The user-interface is sleek and there are educational resources. Plus, there are public portfolios featuring popular stocks.
Many investors are curious: Is Public.com legit? Let’s investigate. We’ll look at the company’s background and customer reviews. We’ll also find out what makes Public.com different from other investment platforms. Then, you can decide if it is right for you.
Is Public.com safe?
Yes, Public.com is an authentic, secure brokerage platform. It is registered as an Investment Adviser with the SEC and a broker-dealer with FINRA. It offers features like no account minimums, mobile trading, automated investing, portfolio management and access to IPOs.
Public.com encrypts all sensitive user data, such as Social Security numbers and financial info, with bank-grade security protocols. Their transaction system is monitored by specialists to ensure your money is safe. So, whether you’re a rookie or an experienced trader, you can be sure that Public.com is a safe place for your investments.
Is Public.com regulated?
Public.com is an authentic, trustworthy broker-dealer regulated by the Financial Industry Regulatory Authority (FINRA). It is registered with FINRA and users can verify this via FINRA’s BrokerCheck tool. Public.com has won numerous awards, including being included in the Forbes Fintech 50 list, and being named the top overall robo-adviser by Investopedia.
Public.com offers users a platform to invest, with low-cost options, trading tools, and educational materials. They are dedicated to investor protection and transparency, and their mission is “to make investing easier for everyone and build a better financial future for Americans”. To ensure users’ finances are secure, they comply with the regulations of FINRA and other industry governing bodies.
Are there any fees associated with Public.com?
Public.com doesn’t charge for opening or maintaining an account. You can choose to pay certain fees when you make a trade in your portfolio. For example, ETFs have an associated fee of $0.01 per share and stocks have a fee of $0.50 per share. No other fees come with having a Public account or investing through the platform.
Mutual funds and bonds don’t include additional trading fees, except for the normal cost of buying or selling these assets (e.g. bid-ask spreads).
Pros and Cons of Public.com
Public.com is a great investing platform for beginner investors. You can buy fractional shares, no matter how expensive the stock is. Plus, it has a social component that makes it easy to connect with other investors and learn more.
The pros are low trading fees, simple navigation, fractional shares, and a great social community. You can join investment clubs and manage all finances with the Personal Insights feature.
Cons include no customer service, only available in US & UK, and no automated features or research capabilities. So, it might not be the best choice for experienced traders.
Pros
Are you looking for a legit way to invest and manage your money? Public.com is quickly becoming one of the hottest investing platforms. Let’s uncover the truth and explore what Public.com has to offer.
Pros of Public.com include:
- Fractional shares with no commission. Buy partial shares of companies like Amazon without spending a fortune.
- Low minimums. No account minimums or maintenance fees, so you can start investing even if you have little money.
- Investment education resources. Get free tutorial videos and live webinars from market experts.
- Thematic investing. Invest in sections about pop culture like “Awards Season” or “K-Pop Stars & Music Fans” for diversifying your portfolio.
Cons
Public.com is an investing platform that makes investing easy. However, it has some drawbacks.
The biggest con is its fee structure. Stock trades cost 3% per trade – much higher than other brokers. They also charge a 1% custodial fee on cryptocurrency trades, and a subscription fee for some features.
Unlike other investment platforms, Public does not offer phone-based customer service or tools such as short selling or margin trading. They only provide support through email and chatbot services during business hours. This is less personal than traditional phone support.
Conclusion
Public.com is a legitimate company. It offers a social investing platform. It’s easy to use and great for newcomers. The community feature is helpful and fun.
Still, there are some downsides. Public.com has limited investments. The fees can be high. Customer service could be better. And it may not offer the features serious traders need.
In conclusion, Public.com is great for those who want to get into investing without too much commitment. But it may not be suitable for everyone.
FAQs about: Is Public.Com Legit
Q: Is public.com legit?
A: Yes, public.com is a legitimate online investing platform that is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
Q: Does public.com offer commission-free trades?
A: Yes, public.com offers commission-free trades on stocks and ETFs.
Q: Does public.com have any account minimums?
A: No, public.com does not have any account minimums, so you can start investing with any amount.