For each of the people who are eager to invest their money and reap some good benefits from it, public.com is one of the best platforms. Simply, it’s a free investing app that creates a commission-free, easy to navigate interface along with a hint of social media. Additionally, to take things ahead, I have got you a complete public.com review.
Well, there are ample of people who are eager to invest their money into accurate stock markets and reap good money out of it. Hence, after this review, you will learn a lot more about public.com. This can help you to invest in a far better way.
Therefore, right now, let’s go ahead and unwrap a complete public.com review, right in this article.
Public.com Review: What is public.com?
Public.com earlier known as Matador is a free investing app that combines stock trading and social media into an easy to use interface.
Also, the platform comes with some of the best features that are all included within the app. On a precise note, the app lowers the barriers for new investors and help them invest in a much easier way.
The general idea is that you can purchase fractional shares or even slices of companies in the stock market on a commission-free basis. Then, you can go ahead and tweet out your wishful trade to the followers.
Additionally, you can even follow other traders and see what other companies are buying and selling.
Also, you must note that despite all the trading of stocks, Public.com doesn’t come with any sort of minimum amount.
Further, another thing you must note is that the goal of Public.com is to make investing simpler for every single investor. Here, it doesn’t matter whether you are a beginner level investor or an experienced, the platform makes investing, much simpler.
On top of that, the app even combines commission-free trading along with the social taste that you will not find anywhere else.
In terms of the platform for iOS and Android, it’s available everywhere where you can download the same, with no sorts of issues.
More about Public.com
Going ahead in Public.com review, it’s an SPIC insured company that will protect your investments up to $500,000 in securities and around $250,000 right in cash form.
Additionally, the company makes use of AES 128 bit encryption and TLS 1.2 for the protection your data.
Also, they offer stocks of over 5,000, and the same is offered every single day including the exchange-traded funds.
The working of Public.com
Well, in this Public.com review, I have got you complete steps that can help you better understand the overall working of Public.com.
Setup & Availability
First of all, you must note that Public.com is available for Android along with iOS. Therefore, with this, you can know that each of the people has virtual access with the app.
Additionally, the Android version is a lot newer than the iPhone version and came up with few bugs on an initial basis.
But, they have done an extremely good job in fixing any of the issues that have come up.
The moment you download the app, the first screen you will see will be the smaller list of some popular companies.
These companies include Amazon, Facebook, and Amazon.
Additionally, you can pick one of the companies and the Public will give you $5 for investing and signing up.
Next up, the platform will ask you a series of questions that will help you set up the account.
Further, you will have to provide your very own social security number and even link your bank account.
From my end, I deposited $100 into the Public account to get the overall feel of the app.
Now, as and when the first screen appears, it lets you pick interest where you can follow different companies, investing themes, and people.
Well, the case is similar to the Twitter timeline where you can even follow up with different celebrities. Also, you can follow subject matter experts along with things that you find interesting.
Further, it’s much easier to search for different companies and interests with the Public.com platform.
Therefore, from your own will, you can easily choose among different companies that you find interesting.
A Take on Followers and Following
If you will browse your home tab, you will see a list of the people whom you can follow. On the other hand, they can become your followers too where the entire process is handy and you can search for random people and get good results.
Also, whenever you will click on someone else profile, it will show you the different investments you have made.
Speaking about the usefulness of this feature, it is limited and it doesn’t tell you the number of shares someone has in each of the companies.
Further, the platform doesn’t really share all of their investments people have done with the help of the Public.com platform.
Public.com Review: Features
Well, going ahead in this Public.com review, given below are some of the top class features of this platform.
Currently, there are tons of companies that give the opportunity to buy full shares. However, the problem with this is that you will need several hundred dollars to invest in your favorite companies.
On the other hand, Public.com offers fractional investing in which you can purchase a small number of shares of a company.
For example, even if you are eager to buy one share in Apple, you can buy it for around $280 which is a good thing.
Well, this thing truly sets Public.com apart from its competitors by a wide margin. They have made investing a lot simpler where you can easily invest in parts, without an issue.
Hence, if you are looking to invest in a company in share-based form, Fractional Shares can be the best bet for you.
Well, along with different fraction shares, Public.com allows people the opportunity of real-time trading. This is one of the most important things where the company permits fractional shares and doesn’t purchase those shares in real-time.
It means that whenever you will tap on the “Buy” button, you are not guaranteed to buy the shares at an exact similar price.
With Real-time trades, you can get the chance to buy and sell stocks in real time. In this scenario, you can keep risks at a minimal level and invest in markets, the smartest way.
Moving ahead in Public.com, shareable investments are another major aspect of Public.com. This helps to maintain transparency where the users aren’t obligated to share each of their investments.
With this, you can be sure about your data security where you don’t have to share your investment in any scenario.
On the other hand, whenever someone buys or sells stocks, they can share the information with followers by tweeting the same with the Public Newsfeed.
The main idea here is to see who is investing in which of the companies. This is one of the key benefits that can helpful for beginners.
Here, you can see what the experienced people are doing, and then, you can act the same way and get good results.
Plus, if you are a newbie to the world of investing, you might not have a clearer idea from where to begin. But, the social layer of Public.com will make it much easier for you to start by grabbing good things from senior investors.
Additionally, you can even exchange ideas with other Public.com users and chat about commission fees too.
Also, you can chat about the prices, financial products, and tons of other things that can help you make a good decision.
All in all, Public.com gives people the true opportunity to see and analyze the thinking of other people. With this, they can understand what other people are thinking, and then, they can make their decision to invest in different stocks.
Public Investment Themes
Well, Public.com does add a sense of uniqueness with the help of their investment themes. The company does inject some of the best investment themes that can compel users to use the platform.
With the help of themes, users get the ability to search for different companies and fit the same into different criteria.
For instance, if you are investing in food companies, you can pick up food themes for the same. This gives you the environment and the freedom to invest with a lot of fresh mind.
In whatever you are investing, the Public.com platform offers you a theme for the same. With themes, you can sync your investment with the ethics, and then, you can easily perform investments with a free mind.
Placing Trades right on Public app
In this Public.com review, placing trades right on the public app is another better thing. Here, if you are planning to buy or even sell stocks, you will not face any sorts of issues.
But, the company does have different cash account violation sections for the people who go crazy in buying and selling which is known as the Good Faith Violation.
It ultimately occurs whenever you buy a stock and sell it before the funds are settled in a Public account.
This can cause you some sort of issues and in this case, you will have to be extra careful. Generally, it takes around 2 business days for the trades to settle even though the sales are available on an immediate basis.
On the other hand, Public.com does come up with explicit guidelines for trading on the app.
From your end, you are allowed for three infractions in twelve months. Therefore, if you will get more than three Good Faith violations, your account will be restricted for a period of 90 days.
Now, during the restriction period, you are only allowed to buy and sell stocks once the fund settles.
Further, because of the Good Faith violations policy, Public.com may not be a good option for different day traders.
If you are planning to buy and hold any trade once in a while, you shouldn’t face any issues with Public.com.
Well, Public.com works on commission-free trades and comes with absolutely no sort of management fees. This thing is the best one for people who are newbies and want to enter the world of stock market investing.
All you need is to stay within the company rules and abide by the Good Faith Violations. If you can do the same, then you can easily invest in Public.com and reap good benefits from the stock markets.
However, if you are eager to opt for additional features, Public.com offers the same at some cost.
Among the additional features, the best ones are as follows:
- All Broker-Assisted Phone Trades: $30
- Domestic Overnight Check: $35
- Returned Check, ACH Wire, and Recalling/Stop Payments: $30
- Domestic Wire Transfer: $35
- ACAT Outgoing: $75
Well, if you are someone who needs to go for additional features, you can easily opt for any of the above ones.
With the above features, you will get an edge over other traders that can help you reap good profits, over the course of time.
Pros of Public.com
One of the best things you can get with Public.com is commission-free trades. Yes, the platform doesn’t carry any sorts of trading fees which is an achievement in its own. With no trading fees, even the people who are new to the stock market can invest their money with Public.com.
Additionally, each of the trades in Public.com are placed in real-time where you can see the real-time value of every stock.
Altogether, this is one of the best thing offered by Public.com and if you are a beginner, you can take advantage of this feature offered by Public.com.
No Account minimum
Now, if you are someone who doesn’t have cash for creating your stock market account, Public.com offers you a good option.
Yes, the company doesn’t come up with any sort of account minimum. Opening an account with Public.com is absolutely free which makes it an ideal option for beginners.
With this, you can open up your account at Public.com and see the stock options you are interested in.
Also, as trading is free with Public.com, you can easily invest your money and get better returns for the future.
Altogether, for newbies, this is one of the most fantastic options where you don’t have to do much. All you can do is to start your account for free, analyze, invest in stocks, and wait for better returns.
Social Investing Group
Well, with the help of the Public.com social investing feature, the company has taken stock market investing straight to another level. With the help of social investing social media, you can see what other people are up to.
Here, you can comment, like, and even follow up with the top-level investors. This feature from Public.com is similar to Twitter or even Facebook where you can easily invest your money in and reap huge benefits from the same.
Easy to Use
Whether you are an experienced investor or a beginner, the Public.com platform is one of the easier ones to use. Yes, with the help of this platform, you will not face any issue while navigating.
Here, you can use almost every sort of function, and still, the app will offer you simplified usage, with no sorts of issues.
Now, this is the thing that not all the companies are offering and that is where the Public.com platform goes ahead of the competition.
With Public.com, you have the chance to purchase only a fraction of the share and invest the same in your wishful stock market.
Here, you can buy different slices at a much lower cost and then invest the same to gain good profits.
CONS of Public.com
A limited set of investment options
Although the company doesn’t charge for trades, you can only buy stocks and the ETF. Yes, with this, you are left with only a limited pair of options where if you want to think beyond that, then you can look for the ahead options.
Going ahead in Public.com review, the platform offers a limited set of account options. Here, the platform only supports a different set of taxable accounts.
On the other hand, if you are looking for something else, Public.com isn’t the option for you. In this scenario, you will have to look for other better options for investing your money and getting good benefits.
Restriction based trading
With the inclusion of the Good Faith Violations Policy, Public.com offers restrictive driven policy. Further, the platform even lacks OTC trades with which the high volume traders will have to look for other options.
Still, if you are a beginner in the trading world, you can go for Public.com as it offers a small community from where you can learn a lot about trading.
Final Word of Mouth: Public.com Review
The entire Public.com review is in front of you and you can go through the same, with no sort of issues. Yes, it’s one of the best investment platforms if you are a beginner and looking to invest in stock markets.
Further, the platform does come up with the essential level features for you to start investing, the better way. On top of that, they don’t even charge for trades. Well, this is one of the best things where the investors can save a good amount of their money.
Here, you can invest in stocks with a lot more freedom without worrying about the charges. This is different from other platforms that charge money for investments.
Also, even if you don’t want to buy entire funds, Public.com offers you the privilege to choose only a fraction.
With this, you don’t have to spend much while purchasing the stocks and you can buy stocks at a fraction price.
However, there are some sorts of drawbacks associated with Public.com. In this scenario, even if you are not happy with Public.com, then you can go for other options.
Still, as far as I have examined Public.com, I have found this platform to be extremely great. It’s a good option for investors who are new to this industry and want to make good profits.
Therefore, right now, all you can do is simply read this article and see if the Public.com platform is a good one for you or not.
I am sure by the end of Public.com review, you will make up your mind. Once you have made up your mind, then you can go ahead, invest your money wisely, and get the best benefits, for the future.