Public.com review: An online brokerage app that helps you build a diverse investment portfolio of stocks, ETFs, crypto, and other assets in one easy-to-use platform.
What is Public Investing App?
Public is a commission-free investing platform that allows users to buy and sell stocks, ETFs, bonds, crypto, and other assets. It distinguishes itself by promoting transparency and community interaction, enabling users to see what others are investing in and share their portfolios publicly.
With Public.com, investors can build a portfolio of:
- Stocks: Build your portfolio with access to over 9,000 equities.
- ETFs: Broaden your market exposure with collections of securities that align with a specific industry, trend, or investment style.
- Crypto: Open an account with Bakkt Crypto, automate your investment strategy, and manage your portfolio within the Public app.
- Royalties: invest in shares of royalties and potentially earn passive income from an asset class that typically performs independently from traditional markets.
- Alts: Diversify your portfolio with shares of alternative assets, like fine art and collectibles.
- Bonds: Buy corporate, Treasury, and municipal bonds.
- Treasuries: Get a higher yield than a high-yield savings account with a Treasury Account.
- High-Yield Cash Account: Make your savings work harder with a high-yield cash account on Public deposits protected through partnered banks’ FDIC coverage.
How Public.com Works
The Public app focuses on building your investing knowledge, fostering social interaction, and supporting long-term investing.
With the Public app, you can:
- Buy and sell individual stocks, fractional shares, and exchange-traded funds (ETFs)
- Research company and evaluate stock price.
- Engage with a community of investors and experts.
- Get news alerts for the companies you invest in and follow.
You can use the following to elevate your investing:
- Automate Plans: An Investment Plan is a collection of assets you can automatically contribute to recurring.
- Trade Options: Research, build, and execute options trading strategies.
- Thematic Investing: Invest using themes from artificial intelligence to dividend-paying companies and entertainment.
Key Features
- Commission-free trading on stocks and ETFs
- Social investing features, including the ability to follow other users and see their portfolios
- Educational resources and articles on investing topics
- Fractional share investing for diversification with small amounts of capital
- Integration with social media platforms for easy sharing and engagement
- High-yield cash accounts
Public Investing, Inc., is a member of FINRA. The company is also a member of SIPC, so all members automatically qualify for protection of up to $500,000 in your account.
Account Minimums
- There are no account minimum requirements.
- For stock buys, fractional trading requires a minimum of $5. This includes stocks less than $1.00 and over-the-counter equities.
Fees
- $0 commissions charged on trades of US-listed registered securities placed during the US Markets Regular Trading Hours.
Keep in mind that other fees, such as regulatory fees, Premium subscription fees, commissions on trades during extended trading hours, wire transfer fees, and paper statement fees, may apply to your brokerage account
However, it generates revenue through other means, such as interest on cash balances and premium subscription services, which provide access to additional features and benefits.
Pros & Cons
Pros
- Commission-free trading
- Social investing features and community engagement
- Fractional share investing
- High-yield cash accounts
Cons
- Basic market data and analysis tools
- Limited customer support options
- Additional fees for premium subscription services
Who Is It Best For
Public.com best suits beginner investors and those who value community engagement and transparency in their investing experience. It is ideal for individuals who want to learn from others, share investment ideas, and build wealth as part of a supportive investing community.
Our Public.com App Review
Public.com is a legitimate company and not a scam. It’s a trusted commission-free brokerage app that helps a community invest, engage, and learn. The company aims to create long-term investors, not stock traders.
Public is a unique social investing app that offers commission-free trading, community engagement, and educational resources to empower investors. Although the Public community is excellent, it’s wise to be mindful of others’ financial advice or investment ideas. Remember always to perform due diligence.
While it may lack some advanced features compared to traditional brokerage platforms, its emphasis on transparency and social interaction makes it a good option for many investors looking to learn, grow, and succeed in the stock market.
In our Public.com review, we found that it is rated A+ with the Better Business Bureau (BBB) and has 4.7 out of 5 stars in the App Store. It has some glowing reviews on Reddit, blogs, and YouTube videos. The mobile app, available on iOS and Android, is user-friendly and has a sleek interface.
You can get started with the Public investing app here.
Please understand that all investments involve risk, and the past performance of a security does not guarantee future results or returns. Investors should consider their investment objectives and risks carefully before investing.
How to Open a Public.com Account
Minimum Requirements
- Must be at least 18 years old
- Valid Social Security Number
- Legal U.S. residential address
- Be a U.S. citizen, U.S. permanent resident, or have a valid visa
Step-by-Step to Start Investing
The time needed: 3 minutes.
- Get started
- Create an account by clicking on the link here.
- Enter your phone number
- Download the app from the text link.
- Submit your application
- Provide your first and last name, social security number, and address.
- Link your external bank account.
- Fund with a link bank account or debit card
Public.com Alternatives
Alternatives to Public.com include Webull and Robinhood. These apps offer similar services with a different focus that may benefit different investors.
For investors looking for financial advice and a bit more guidance, learn more about M1 Finance or Betterment.
by Ann
Best is community. Learning and having good chats.
by Jason Vitug
Public Review: Is it Right for You?
Market Data & Analysis Tools
Offers basic market data and analysis tools, including real-time quotes, company news, and analyst ratings. While these tools may be suitable for beginner investors, more advanced traders may find them lacking in depth and functionality.
Trading Experience and Interface
It features a clean and intuitive interface optimized for ease of use on smartphones. Its social investing features, such as the ability to follow other users and see their portfolios, make it unique among investing platforms and encourage community engagement.
Customer Service and Support
You can access customer support via email and in-app chat, with representatives available during market hours. Additionally, it provides educational resources and articles on investing topics to help users navigate the platform and make informed investment decisions.
Advanced Features and Tools
While Public offers basic trading features and tools, it may lack the depth and sophistication required by advanced traders. Features such as advanced charting capabilities and in-depth research reports are limited compared to other brokerage platforms.
by Quan
App is okay. Doesn’t have all the features I need. You have to pay a fee for them.
by Jason Vitug
Thanks for sharing your experience.