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Public.com Review: Is this Trading Platform Still Worth it in 2023?

Public.com Review: Is this Trading Platform Still Worth it in 2023

Are you tired of high fees and limited options when it comes to your online investment platform? Today, we'll be talking about Public.com. This lesser-known platform has been making waves in the investment world with its commission-free trading, support for various asset types, and even the option to purchase fractional shares.

But is Public.com worth the hype? In this Public.com review, we'll dive deep into all the features and benefits of the platform, as well as any potential downsides.

So let's find out if this trading platform could be the perfect fit for your investment needs in 2023.

About Public.com 

Public.com is a trading platform that caters to both novice and experienced investors. It offers a diverse range of asset types, including stocks, ETFs, crypto, and alternative assets.

The platform allows for fractional share trading, meaning you can start investing with just $5. Public.com also provides educational resources to help you develop your investment strategy and excellent customer support.

Additionally, the platform has a social aspect where you can connect with other investors and share trading ideas and strategies. Overall, Public.com is a unique platform offering a streamlined and diverse trading experience for all investors.

Investment Products 

Public is an investing platform that offers a wide range of assets for trading, including stocks, ETFs, and crypto.

With Public, you have access to nearly 3,000 top-traded shares and ETFs, all of which are traded on major US markets like the NYSE or NASDAQ.

The platform also allows for fractional share trading, which means you can invest in a percentage of stock you can afford rather than buying a whole stock. This feature is particularly useful for new or casual investors.

Public also provides educational resources and social media access that allows you to connect with other investors and share trading ideas.

However, it's important you know that the platform does not support tax-advantaged brokerage accounts like IRAs or 401(k)s.

Public.com Social Features

Are you tired of feeling like a lone wolf when making investment choices? Say goodbye to the solo venture and hello to a more personal experience with Public.com.

This investing platform offers a form of social investing that will make your trading experience a whole lot more fun.

And don't worry, it's not just about being socially responsible (although that's cool too). When you join Public, you'll get to choose a cool username for your profile and start seeing posts from other investors in your news feed.

You can follow other traders, check out their portfolios, and even share investment advice. It's not a must-have feature, but it's one of the unique things that set Public apart from the rest.

Public.com Membership Options

With the basic plan, you can easily invest in public companies, popular cryptocurrencies, ETFs, and alternative assets. But if you're looking for extra support, the Premium plan is where it's at.

For just $10 a month, you'll have access to market data, portfolio management tools, expert opinions from Public's partnership with Morningstar, extended trading hours, and subscriber-only content.

You'll have to join the waitlist. It's worth the wait to take your trading to the next level.

Pros of Public.com 

  • Offers fractional share and ETFs trading
  • Zero commission trading
  • User-friendly mobile app
  • Built-in social trading feature
  • Educational resources available
  • Premium subscription offered as an option

Cons of Public.com 

  • Limited account types available (no retirement or joint accounts)
  • Only supports individual brokerage accounts
  • Does not offer mutual funds, margin trading, futures, or options trading

Public.com Alternatives 

When it comes to alternatives to Public.com, there are a few options to consider. One such option is Acorns, a micro-investing app that rounds up your purchases and invests the spare change.

Another alternative is Rocket Dollar, a self-directed IRA platform that allows you to invest in alternative assets such as private equity.

And we've got TradeStation, a trading platform that offers a wide range of investment options, including stocks, options, futures, and forex. It's a great option for more experienced investors looking for a more advanced trading platform.

Is Public.com Right for You?

It's not the best platform for day and swing trading, but it's perfect for the casual investor. You can invest in various assets, including stocks, ETFs, crypto, and alternative assets, all commission-free.

Plus, with the option to purchase fractional shares and a low minimum investment, it's accessible to just about anyone.

And, if you want to take it to the next level, you can join the waitlist for the Premium membership and get access to market data and portfolio management tools.

But the free membership will do just fine if you're just starting out. So, what are you waiting for? Get started today by signing up for Public.com and see how it can help you level up your trading game.

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