Think of investing with Public.com? Not sure if it’s legit? Get the facts you need here! Pros & cons of investing with Public.com, plus what to expect. Make an informed decision.
Contents
Quick facts: Is Public.Com Legit
- ✅ Public.com is a legitimate trading platform with over 500,000 users as of 2020. (Business Insider)
- ✅ Public.com’s mobile app has been downloaded over 100,000 times on the App Store. (App Annie)
- ✅ Public.com backs up their platform with 256 bit encryption for secure trading and data management. (Public.com)
- ✅ Public.com’s fees are low and the platform is user friendly, making it a popular choice for new traders. (The Motley Fool)
- ✅ Since its launch in May 2019, Public.com has raised over $65 million of venture capital. (Crunchbase)
Overview of Public.com
Public.com is a commission-free online brokerage platform. You can invest in stocks and ETFs without any commission fees. They offer great tools and resources, like stock analysis, portfolio tracking, real-time news and educational content. Plus, they have an industry-leading social investing experience. Follow other traders, share investments, advice and even participate in trading competitions for cash prizes!
Plus, their intuitive design makes it easy for newcomers to get familiar with the site and start investing. Public is dedicated to providing a safe and engaging experience for all users.
What is Public.com?
Public.com is a mobile-investing platform that gives users the power to shape their financial futures. It has individual and joint brokerage accounts, free of commission. Plus, portfolios driven by what’s trending in the markets.
Moreover, there’s a supportive community of investors who share strategies and experiences. FINRA, SIPC, and full insurance cover customers, giving them peace of mind.
Public.com’s mission is to offer affordable and accessible tools so everyone can have financial freedom. No matter their means or experience level.
What services does Public.com offer?
Public.com is an investment platform made to simplify investing for everyone. Their mission is to give people the tools and info they need to become confident in the stock market. They offer a variety of services, from educational resources and expert insights, to portfolio management and market access. You can start investing with as little as $5.
Their innovative features include:
- A Trading & Investing game where you can practice with ‘play money’.
- An Impact Investing game which encourages investing in companies that support social initiatives like clean energy.
- Their own investment funds, tailored portfolios based on the user’s interests or risk tolerance.
- Plus, all Public accounts are insured up to $500,000 per user through the Securities Investor Protection Corporation (SIPC).
Security and Regulation
Public.com is a highly secure platform. Data entries and financial accounts are encrypted with 256-bit transfers and stored in an isolated environment. It meets highest security and privacy laws, regulations and industry standards. It is PCI Level 1 compliant for payment processing and all user activities are monitored daily for security. Account activity logs are maintained for 7 years for audit and law enforcement. Strict policies regarding AML and CFT are followed as per local jurisdictions.
Is Public.com a safe platform?
Public.com is a safe and secure platform that meets industry standards. This includes the Payment Card Industry (PCI) Data Security Standard (DSS). It uses protocols and technologies to protect customer data from unauthorized access. Plus, multi-factor authentication is employed. Data is encrypted when sent over the internet. Financial information is not stored on their servers. This further guards against potential risks associated with cyber attacks or breaches.
Public.com offers a highly secure platform for users. They can trust that their personal information is well-protected when engaging in online transactions.
Is Public.com a regulated platform?
Public.com is regulated by the SEC, FINRA and SIPC. Meaning it is a legitimate and secure investment platform. The company has to follow federal regulations like traditional financial institutions do. It is regularly audited to make sure investors’ funds are safe.
Public.com is a member of the Financial Industry Regulatory Authority (FINRA). Investments are SIPC insured up to $500,000 USD in case of discrepancies or losses due to unexpected events. These regulations protect individual and institutional investors from fraudulent activities or thefts.
In conclusion, Public.com is a legitimate investing platform. It has security measures to protect users and investments.
Fees and Charges
Public.com is an online brokerage platform that enables free investing in stocks and ETFs with no minimum balance. However, some transactions come with a fee.
There is a Commission-free Trading Fee of $0.01 per share, up to $5 per order. This applies to day trades (same trading day). Transactions outside regular market hours, or beyond the first two orders per month, incur a separate commission-based fee, which depends on the size of the order.
Public also charges fees for deposits/withdrawals and funds transfers (internal/external). Applicable taxes, or other third-party fees, may be asked for too.
In conclusion, Public offers free stock trading and no minimum balance – but certain services come with a fee, to cover costs.
What are the fees for investing on Public.com?
Public.com provides free stock and ETF trading with zero commission or minimums. Plus, they have commission-free mutual funds. Also, fractional shares are available. This means you can buy pieces of stocks even if you don’t have enough money for a whole share. Investing without needing lots of money up front is now possible.
No account maintenance fees or inactivity/closing your account fees. And no minimum balance requirement to open and use the platform.
Optional Premium Membership exists. It gives access to exclusive perks like free expedited deposits & withdrawals and investor rewards points that you can get items like laptops & TVs with. The cost of Premium Membership is $11.99/month or $95.88/year.
Public.com has no sneaky fees. It offers everyone unlimited access to its platform at no extra cost. Plus, it has a rewards program that lets you get commission-free cash back on your buys or refer friends and family for up to $10 Credit.
No need to stress about data collection either. Public.com never sells any user data and never shares without your permission. It takes privacy seriously, so you can feel secure when using its service for social media.
Pros and Cons
Public.com is a financial platform that lets users invest in stocks, ETFs, and mutual funds. It also provides access to trading tools, resources and insights. It’s grown in popularity due to low fees, an easy-to-use platform and user-friendly interface.
When deciding if Public.com is a legitimate investing platform, it’s important to weigh pros and cons.
- Pros include no account minimums or fees, access to live market data and insights from professional investors, and an intuitive user experience.
- Cons include limited research options, no option trading, and a limited selection of international stocks compared to other platforms.
What are the pros of using Public.com?
Public.com is a platform that enables users to securely and easily purchase and sell shares in listed companies. It also provides investors access to a variety of financial products, such as stocks, ETFs, options, IPOs, bonds, and crypto.
The platform is regulated by the Financial Conduct Authority (FCA), meaning all user funds are safeguarded up to £85,000. Furthermore, deposits are protected by the Financial Services Compensation Scheme (FSCS). The transaction fees at Public.com are more affordable when compared to other brokerages. For example, stock trades cost just $1 plus 0.26% of the order value, with a maximum of $5 per trade.
Plus, Public.com has an innovative social trading feature. This allows traders to copy other traders’ portfolios for free or for a fee. The fee is for extra services such as portfolio analysis or advice from professional traders or investment managers. New traders can learn from experienced investors, thus improving their own trading skills and strategies over time. This makes Public.com an ideal platform for them.
What are the cons of using Public.com?
Public.com has a few drawbacks to consider. Firstly, the app only covers stocks and ETFs, and does not offer any research tools for other investments like mutual funds, options, bonds, or Forex. Secondly, it does not offer fundamental data or advanced charting tools such as indicators or drawing tools. Lastly, Public.com does not offer commission-free trades for non-Public ETFs. This can reduce investment options, and make investing more costly.
Conclusion
To sum up, Public.com is a reliable firm and an awesome option for those keen on investing. They provide zero-fee stock trading and a big selection of features.
Whenever you’re thinking of signing up to a broker or platform, do your research first. And always be sure to keep within your budget and never invest more than you’re okay with losing. All that said, Public.com is one of the most popular investing platforms and it’s worth a look if you need an effortless way to get into stock trading without paying charges per trade.
Is Public.com legit?
Public.com is a renowned online gifting store. It’s easy to find deals on cards from stores like Best Buy, Amazon and Starbucks. But is Public.com legit? To answer this, let’s look at the pros and cons.
- A major plus of Public.com is their customer satisfaction commitment. You get a 30-day warranty on all their products. You can return or exchange it if you don’t like it. Plus, they offer discounts too!
- On the flip side, security conscious people may be hesitant about using Public.com. They don’t use two-step authentication for users or store any identifiable info about them. But, overall, it is considered safe for digital card purchases. Just remember to read the terms and conditions before buying.
Should you invest on Public.com?
Public.com is a platform that lets everyday people invest in stocks and ETFs. It’s simple to use, even for novice investors. There’s also something called “Crowd Investing“. Users can vote on companies and industries to invest in, and build their own portfolios.
Public has grown in popularity. Low fees, no minums, and an easy-to-use platform are some of the reasons why. Plus, its community-focused themes give users something extra. If you’re interested in stocks, or investing with minimal risk, Public could be a great place to start. Ultimately, it’s up to the investor to decide. However, Public looks like a legitimate option to consider if you need an online broker.
FAQs about: Is Public.Com Legit
Q: Is public.com a legitimate site?
A: Yes, public.com is a legitimate investment platform that allows users to buy and sell stocks and exchange-traded funds (ETFs) commission-free.
Q: What type of investments does public.com offer?
A: Public.com offers stocks and exchange-traded funds (ETFs) for investors to buy and sell commission-free.
Q: Does public.com offer any other services besides commission-free trading?
A: Yes, public.com also offers educational resources, portfolio insights, and access to a network of like-minded investors.