Thinkin’ of investing with Public.com? You prob’ly need expert advice ’bout the platform’s legitimacy. This article has the facts to help you make a wise decision. Check it out!
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Quick facts: Is Public.Com Legit
✅ Public.com is a legitimate stock purchasing platform that is registered with the Financial Industry Regulatory Authority (FINRA) – FINRA.
- Public.com has over 4 million users, making it one of the most popular stock investing apps – Forbes
- The platform offers fractional shares and zero commission for trading stocks – The Motley Fool
- Public.com also allows users to trade cryptocurrencies such as Bitcoin, Ethereum and Litecoin – Investopedia
- Public.com has raised more than $220 million in funding from investors – TechCrunch
Introduction
Public.com is a modern-day investment platform. Its goal is to help its users increase their wealth and diversify their investments in the stock market. It has become more popular in the past years. This is because it is cheaper and easier to use than traditional brokerage firms.
The platform offers many features to its users. Some of these are:
- Creating custom portfolios of stocks and ETFs
- Setting up automated investing
- Tracking the performance of investments
- Getting real-time market updates
- And more.
But with so many online investment platforms available, one needs to make sure that Public.com is legit. So, this article will answer every question about Public.com. This way, you can decide if it is the best investment platform for you.
Overview of Public.com
Public.com is a FinTech company that provides a commission-free stock trading app. It was founded in 2018 and has become an online brokerage favorite. It offers market insights, research content, and educational pieces. Plus, it has various promotions to help its users make informed decisions.
The platform is secure – all deposits are held with Apex Clearing Corporation (FINRA/SIPC member). It also follows data protection laws (GDPR/CCPA). However, there are some drawbacks – like user fees for certain services, and it doesn’t support margin account trading.
Despite this, Public.com is considered one of the most reliable stock brokers in 2020. It’s excellent for all levels of investors who don’t want to pay commissions or fees.
What services does it offer?
Public.com is an online investing platform. It gives users the chance to invest in companies, ETFs, and other themes. They can buy and sell stocks, ETFs, mutual funds, and crypto for free. It has educational resources and commisions free investments. This makes it very attractive for new investors. Plus, it has Stock Lists, Social Trading, and Stock Stories. All of these help beginners understand the stock market.
Ultimately, Public.com provides a great investment experience.
Security
Security is key when choosing an online platform. Public.com offers advanced measures for users to feel safe buying and selling stocks. Two-factor authentication is used, meaning a code sent via text is required to log in. This adds protection and prevents unauthorized access.
Transactions on the platform are made through an SSL connection that encrypts data as it travels. Bank-level encryption is employed on websites and servers to protect user data from malicious actors. All of these measures give complete confidence in the security protocols of the platform.
Is Public.com safe and secure?
Public.com is a customer review website that provides honest and unbiased reviews. This helps customers to make more informed decisions.
Public.com takes lots of security measures to keep information and transactions safe. SSL encryption and identity verification are in place. The customer service team is available 24/7.
For impartial opinions, Public.com is an invaluable resource. Customers can do research quickly and conveniently from home.
Does it use encryption?
Public.com is a legit investing platform. All connections between user computers and the Public.com website are encrypted with industry-standard TLS. Two-factor authentication and secure password storage protect user accounts from unapproved access. Customers can choose extra safety policies such as biometric authentication or SMS authentication to confirm trades and money transfers. All customer deposits are held with FDIC-insured banks for extra protection.
Public.com has taken numerous strong security measures to keep user accounts safe at all times:
- Encrypted connections with industry-standard TLS.
- Two-factor authentication and secure password storage.
- Optional biometric authentication or SMS authentication to confirm trades and money transfers.
- Customer deposits held with FDIC-insured banks.
What kind of security measures does it have in place?
Public.com values the safety of its customers’ accounts. It has several security measures to protect your money. Funds are stored in FDIC-insured banks and non-banking entities. They are not accessible to any other parties. Transactions are done through secure encryption protocols. This keeps financial info away from third-parties.
Multi-factor authentication is provided for customers when they log in. Plus, suspicious activity monitoring is in place to detect any unauthorized actions. Two-step verification is available too, if users want extra security protection.
Fees
Public.com is a commission-free investment platform. Users can buy and sell stocks, ETFs, mutual funds, and crypto without paying commissions.
Fees are low compared to other platforms. There’s a monthly membership fee of $1 or $12 per year. Plus, withdrawals cost $2 (ACH) and wire transfers have variable fees.
Premium members have access to international markets and priority support. All in all, Public has some of the lowest fees in the industry.
What are the fees associated with using Public.com?
Public.com is an online ticket booking platform. It charges a fee for purchases, which varies according to the ticket’s type, cost, and shipping cost. The fee usually ranges from 5-25% of the total ticket price. This covers payment processing and credit card fees, as well as tickets that are more expensive to buy. Additionally, Public.com charges a flat fee per order.
They offer an optional Service Fee Protection Program (SFP). It will cover up to 10% of the total cost (not including taxes/fees). This program is not required, but it provides extra protection if you need to cancel or return your tickets for any reason other than invalidity at the time of entry into an event venue.
Public.com clearly outlines all fees on their website. There are no hidden fees to worry about. Currently, they do not have setup, subscription, or closing fees. The only fee you may find is an additional fee when making a wire transfer, as it involves a third party.
All other transactions, including stock trades, are free of charge. You’ll only pay the cost of the stocks you trade.
Customer Reviews
Customer reviews are a great way to determine the reliability of a company. Let’s check what people are saying about Public.com! After our research, it’s clear that most reviews are positive. They liked the website’s usability, customer service, selection and overall experience. Many reviewers said their transactions were secure.
In conclusion, customers seem happy with Public.com and it appears to be legit!
What do customers have to say about Public.com?
Public.com has a great rep in the online investing world. Users found it user-friendly, intuitive, and good-looking. They were also happy with the social platform and competitive pricing.
For account security, customers said Public is secure and reliable with their money. Industry standards are followed for customer accounts. Queries are quickly handled through their customer support system.
No fees for buying, selling, or holding stocks make Public a great way to invest without money. User reviews show that it is a safe option for investing in stocks online.
What are the pros and cons?
Pros of Playstation Direct (Public.com) include that it is legitimate and secure for online transactions. Reviews show customers have no issues with payment methods or security protocols. Cons may be a confusing interface and restrictions on what can be purchased. Shipping costs may also be higher than other websites.
The main pro is the legitimate nature as it has earned trust from customers. Therefore, it is a good choice for those seeking a safe way to make purchases online.
Conclusion
Public.com is a legit way to invest in stocks and ETFs, especially for those with a small budget or new to investing. The platform is easy to use, free of charge and no commissions. They don’t give access to the full range of bank services like traditional brokerages, but they do give users the chance to join and create investing challenges and investor clubs, which is unique.
The platform also has lots of educational resources, perfect for novice investors looking to learn quickly. Overall, Public.com is an excellent way to start with stock investments, without spending much money or needing lots of experience.
Summary of the article
We took an in-depth look at Public.com, a popular investing platform, to assess its legitimacy. We checked out the founding team, their track record and the types of investments they offer. We compared them to other well-known online brokers.
In conclusion, we found that Public is legitimate. It has competitive rates and fees, plus good customer service and educational resources for both new and experienced investors. So, Public.com is a safe and secure place to invest your hard-earned money.
Final verdict: Is Public.com legit?
Public.com is legit! It offers services, fees that compete, and an easy platform. Plus, it has a ‘Wallstreetbets’ feature which adds a social element. Here, you can buy and sell stocks with no commissions.
What really sets Public.com apart is that it allows users to make connections in the investment world and combine their knowledge. That’s why we recommend it for those who want to be smart with their investments. You can’t go wrong with Public.com!
FAQs about: Is Public.Com Legit
Q1: Is public.com legit?
A1: Yes, Public.com is a legitimate stock trading platform that is regulated by the SEC and FINRA.
Q2: Is Public.com safe to use?
A2: Yes, Public.com is a safe platform to use. It is a regulated stock trading platform, and it uses advanced technology to ensure security and privacy.
Q3: Does Public.com have any fees?
A3: Yes, Public.com has fees associated with trading. For more information, please visit the Public.com website.