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Public is an investing platform that allows people to invest in stocks, ETFs, crypto, art, NFTs, collectibles, and more – all in one place. Public’s platform helps people be better investors with access to custom company metrics, live shows about the markets, and insights from millions of creators, analysts, and investors.
Summary: Public is a great option for any investor looking to build a long-term portfolio, commission-free.
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|HQ||6 Harrison Street, New York, NY 10013|
|Accounts||Taxable brokerage account|
|Instruments||Stocks, ETFs, Crypto, Art, NFTs, and Collectibles|
|Regulation||Member of SIPC & FINRA|
|Fees||Commission-free on Stocks & ETF’s, Fees Vary|
|Trading Platforms||Android, iOS|
|State Restrictions||Available in all States|
Public’s platform was designed to help anyone be a better investor. Members can invest in stocks, ETFs, crypto, art NFTs, and collectibles–all in one place. With access to a powerful suite of tools, daily insights from millions of investors, and curated content and news, so all members can have the tools and resources needed to invest with context. The mobile app is intuitively designed to make it easy for you to navigate top movers and stock trends, as well as, execute a trade in just a few simple taps.
In addition, there are no minimum opening deposit requirements and Public will also cover your current brokerage fees when transferring to their platform.
To open an account, you’ll need to download Public for Android or iOS. The majority of applications are approved within minutes. However, at times you may be required to provide additional documentation that can take up to 10 business days to approve.
There is no minimum deposit to open an account, although you will need to connect your bank account so that you can make future deposits.
Public aims to be as transparent as possible about the fees charged and does not participate in PF. Your trades will never be sold to market makers or other third parties. Instead, all orders are routed directly to the exchanges and other execution venues. With Public, you get unlimited commission-free trades on stocks and ETFs. However, other fees may be imposed on your account including:
|SEC Regulatory Fee||$5.10 per $1,000,000 of principal (sells only)|
|Trading Activity Fee (TAF)||$0.000119 per share (equity sells)|
|Crypto Transactions||1-2% markup applied per transaction|
|Domestic Wire Transfer out of Public||$25|
|Domestic Overnight Check Delivery||$35|
|Paper Trade Confirmations||$2|
|Paper Check Request||$5|
You can view the entire fee schedule on public.com.
There are a few different ways to fund and withdraw from your account. These include:
To transfer out of Public, there is a $75 brokerage fee.
Users can access the trading platform using the mobile app, which can be downloaded for iOS and Android or the Public for Web version. With both the app and Public for Web, you can buy and sell stocks, ETFs, and crypto all in one place.
You can stay up to date with top movers and stock trends, plus gain knowledge and share insights with other investors in the community.
Plus, Public members can organize their portfolios to help them stay on track with long-term investments. If you try to sell a long-term investment before one year, Public will gently remind you to stay invested.
Public members can get started with a taxable brokerage account. Unfortunately, there is no option for IRA or retirement accounts at present.
Products include stocks, ETFs, and cryptocurrencies. More advanced users looking to invest in options or futures should consider alternative options.
Fractional shares are available which can help newer investors get started. You can also choose between limit, market, or stop orders.
There are various calculators available inside the Public app.
With the fractional share calculator, you’ll be able to see how much of a stock you can buy when you have less than the value of one unit to invest. Think Amazon, Google, or Tesla, which require hundreds or thousands of dollars to purchase just one share. Fractional shares allow you to get started with a few dollars and purchase a slice of your favorite company.
The compound interest calculator helps you to visualize how your investments can grow over time and the capital gains tax calculator can give you an estimate of how much tax will be due when you sell your investments.
In addition, Public members can stay up to date with the most popular stocks and ETFs trending on the app. Head over to the Investing Themes page to learn more about crypto assets, Metaverse, space exploration, and so much more!
Whether you’re a new or seasoned investor, Public offers an array of articles and tools built into the app to help you learn about investing. Some of the topics you can learn about inside their library include:
To get in touch with Public you can email: [email protected]
Live chat is available between 9 a.m. and 5 p.m. ET Monday – Sunday with a real human available to chat to you.
Alternatively, Public has a very extensive FAQ page on their website. It can be a good idea to check this out first as there’s a strong chance your question might be answered.
Public implements “Bank-Grade security with AES 128-bit encryption and TLS 1.2 to secure data in transit” to ensure the safety and security of your brokerage account. Plus, as a member of the SIPC, your account is insured for up to $500,000.
Additional features to keep your account safe include:
The Public brokerage account is best for long-term investors looking for a more convenient way to build, track, and manage a portfolio–all in one place. Members can also benefit from the sophisticated suite of investing tools and daily insights from millions of investors, creators, and analysts.
Plus, there is a wide selection of product offerings and no minimum deposit requirement to open an account.
However, Public falls short in certain areas including the ability to open a tax-efficient account that could help your investments grow free of capital gains tax. As tax can offset a significant portion of gains, investors with larger sums of money may prefer to seek a brokerage with more robust account offerings.