Wondering about Public.com’s safety? Want to know if it’s legit? Look here! This article has the answers for you to make the right decision.
Contents
Quick facts: Is Public.Com Legit
Introduction
Public.com is a legit investment platform! You can buy fractional shares of stock for only $5. It also offers socially responsible investments like impact funds and renewable energy. So, you can make money while being true to your values.
Is Public.com trustworthy? Yes! People have been successful using it as an investment tool and a social platform.
To help you decide, we’ll give an overview of the platform. We’ll also discuss any potential downsides and risks. Plus, we’ll explain what everyone needs to know before investing on Public.com.
What is Public.com?
Public.com is an online investment platform. You can buy and sell fractional shares of stocks on it. No fees required! Plus, it has a special social experience. Follow other traders and see what stocks they’re trading. This helps new investors make better decisions.
Public.com also has tutorials and articles on stock market investing. Its user-friendly interface and deposit bonuses make it perfect for beginner investors. Start investing in the stock market with confidence – try Public.com!
Services Offered
Public.com is a broker-dealer. It offers services to financial investors, like stocks, equity funds, and digital assets like cryptocurrency. It also has research and data analysis tools. These help users make informed decisions about their investments.
Public.com is a social platform too. It educates users who want to become more involved in the financial markets. Users can follow experienced traders. They can also build their own portfolios with the help of experts. The experts provide advice on buying and selling stocks or digital assets when necessary.
Public.com is a legit company for investment needs. It has a good reputation and is established.
Fees and Charges
Public.com is a free stock-trading platform. However, users should be aware of fees and charges. There’s no monthly fee on Public. But, each trade has some fees. These are $0.01 per share. The minimum fee is $1 per trade, the maximum fee is $5.
Inactive accounts, after one year, get an inactivity fee of $3 per month. This fee is waived if the user has done 10 trades or has had an account balance of more than $25 in the last 12 months.
All fees and charges should be considered when trading on Public.com.
Security and Safety
Trust Zappos for safety. They’ve put in strict protocols to secure customers’ financial and personal info. This includes PCI data security standards. Plus, they follow FTC regulations on identity theft prevention and credit monitoring. Their SSL encryption tech keeps all website conversation private. Additionally, they monitor any suspicious activity 24/7 to avoid fraud and unauthorized access to customer accounts.
Zappos is a leader in online shopping safety, so customers can shop with peace of mind.
Pros and Cons
Public.com is an investing platform for US citizens. It has features like fractional shares, portfolio allocation and community of investors. Get to know the pros and cons before signing up.
Pros:
- No commissions or fees when you buy/sell stocks/ETFs
- Own as little as $1 worth of stock/ETF
- Wide range of investments
- Gamified trading environment
- Interact with other investors in real time
Cons:
- Customer support is only via email
- Few research tools
- No retirement accounts yet
Pros
Public.com is an investing platform that is simple and intuitive. It’s great for new and experienced investors. You can trade stocks and ETFs without paying any fees. Plus, you get access to real-time stock news. On top of that, there are educational resources like webinars and beginner classes. All in all, Public.com is a great way to invest in the stock market. Low transaction fees and easy-to-use features make it appealing to a wide range of investors.
Cons
Public.com has some drawbacks.
- Firstly, it’s relatively new and doesn’t have the track record of older platforms.
- Secondly, they don’t have access to as many stocks or funds.
- Thirdly, the fees are quite high compared to other brokers.
- Lastly, their customer service is limited compared to other big players.
Think about these cons when deciding if Public.com is right for you.
Conclusion
In sum, Public.com is a legal and reliable investing platform. It lets users buy stocks, ETFs, and mutual funds with no commissions. Plus, it offers tools like group investing and wealth management to help users maximize their investments.
But, just like other stock investing sites, you must still do your homework and be sure you comprehend what you’re investing in.
FAQs about: Is Public.Com Legit
Q1: Is public.com a legitimate website?
A1: Yes, public.com is a legitimate website. It is a commission-free investing platform that allows users to buy and sell stocks and ETFs with no commissions.
Q2: What services does public.com offer?
A2: Public.com offers users free stock investing, free trading of stocks and ETFs, and educational resources to help users learn about investing.
Q3: Is it safe to invest with public.com?
A3: Yes, it is safe to invest with public.com. All investment accounts are protected by the SIPC and all transactions are conducted over a secure AES-256 encrypted connection.