Public Evaluate | Trading Apps


Public is among the many greatest funding apps for inexperienced persons and lively merchants. The app affords entry to about 900 inventory and ETFs choices and to over 25 crypto cash.

It additionally lets customers purchase fractional shares with solely $1. In specific, Public stands out for its participating social media options, which permit buyers to attach and share insights with one another.

Keep on studying our in-depth Public overview to seek out out what it affords and whether or not it’s the greatest funding app on your monetary targets.

Table of Contents

Public’s Services

Public’s Credentials

Public’s Accessibility

Public’s Customer Satisfaction

Overview of the Public inventory buying and selling app

  • Commission-free trades of shares, ETFs, fractional shares and cryptocurrency
  • No account minimums
  • Account may be immediately funded with a debit card
  • Social options allow you to join with different merchants
  • No entry to mutual funds, choices or bonds
  • Withdrawals can take as much as 7 days
  • Limited charting and analysis instruments

Company Summary:

Open to the Public Investing Inc. is a brokerage agency based in 2003 and situated in New York. Its investing app, Public, was launched in 2019.

The firm affords particular person brokerage accounts and entry to commission-free shares, ETFs and crypto. You can open an account with out depositing any cash in any respect, and all you want is a $5 minimal deposit to start out investing.

Public’s providers

Public affords commission-free buying and selling and self-directed brokerage providers via its cellular app and its on-line buying and selling platform.

What Public affords

With Public, prospects should purchase and promote shares, exchange-traded funds (ETFs) and fractional shares listed on the NYSE and NASDAQ.

Customers may entry Public’s assortment of over 25 crypto cash and tokens. Its crypto listing consists of:

  • Bitcoin
  • Ether
  • Shiba Inu
  • Dogecoin
  • Avalanche
  • Litecoin

Other key options embrace prompt entry to your deposits and the choice to routinely reinvest any dividends into the identical firm that paid them out.

You may switch different on-line brokerage accounts to Public so long as the steadiness being transferred is $150 or extra. The course of is sort of easy, you simply want to decide on the brokerage you’re transferring from (for instance, Robinhood, TD Ameritrade, Webull, E*Trade or Fidelity), present the account quantity and point out how a lot you need to switch. However, do notice that the switch can take as much as 10 enterprise days.

In addition, Public incorporates a group feed the place buyers can join with one another, share their latest funding strikes and preserve monitor of occasions and trending matters. Most just lately, it began providing a Premium membership for customers who need entry to superior analysis, information, weighted breakdowns and insights.

What Public doesn’t provide

Public doesn’t provide entry to

  • Mutual funds
  • Fixed earnings merchandise
  • OTC securities
  • Options buying and selling

In addition, Public doesn’t present custodial accounts, retirement accounts or robo-advisor providers.

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Public’s credentials

Online broker-dealers, like Public, are topic to federal laws below the Securities Exchange Act of 1934, which requires brokers to register with the Security Exchange Commission (SEC) and grow to be members of the Financial Industry Regulatory Authority (FINRA).

Licenses and registrations

Public is registered as a brokerage agency with the SEC and FINRA. As such, it’s licensed to function in all 50 states, Puerto Rico and the Virgin Islands.

Public can also be registered with the Securities Investor Protection Corporation (SIPC), that means securities are insured in case of the agency’s insolvency.

Awards and certifications

We didn’t discover any awards or certifications for Public.

Credit rankings

We didn’t discover any third-party credit score rankings relating to Public.

Regulatory and authorized actions

We didn’t discover regulatory or authorities authorized actions involving Public inside the final 10 years.

*Please notice that, though we attempt to embrace correct and up-to-date data on regulatory and authorized actions, we don’t declare this data is full or absolutely updated. As at all times, we suggest you do your individual analysis as properly.

Public’s accessibility

Like most buying and selling platforms within the United States, Public is on the market to U.S. residents which are 18 years of age or older and have a legitimate Social Security quantity, in addition to a authorized U.S. residential deal with.


Public may be accessed via its web site, In addition, its cellular app may be downloaded on each Android and iOS gadgets.

Contact data

Public affords buyer help by way of its in-app chat within the Help Center and over the e-mail You may attain out to its social media accounts on Twitter and Instagram.

User expertise

Public’s on-line investing platform and its cellular app are intuitive and simple to make use of. To create an account you simply must reply just a few primary questions and supply your private data, akin to your Social Security, cellphone quantity and deal with.

Public’s app may be navigated with out a lot problem. When logged in, you’re instantly directed to your portfolio, the place you’ll be able to test your shares’ efficiency, your watchlist and the account worth.

In the group feed (a kind of Twitter-like information feed) you’ll be able to view perception from different buyers and their latest buys and sells. You may sustain with trending inventory market information, publish your latest investments, create group chats and join with group members, together with some CEOs and monetary advisors.

In the app’s Explore part, you’ll be able to seek for individuals, shares or crypto, and browse Public’s classes and themes, akin to high movers and earners, trending funding choices, just lately added shares and hottest cryptos. Additionally, you’ll discover weekly highlights, quick academic movies explaining key funding ideas and Public Live’s podcasts.

In the settings, you’ll have the ability to replace your data, handle fee strategies, withdraw funds and reinvest dividends. You may entry account statements and tax paperwork.


Public’s predominant limitation is its buyer assist which is totally on-line and semi-automated. Users should both discover solutions to their questions on the app’s intensive FAQs or ship a message to the assist group via the in-app chat or electronic mail.

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Public’s buyer satisfaction

Public has an A score within the BBB, which considers components akin to grievance historical past, time in enterprise, transparency and any identified authorities actions.

Customer complaints

A standard buyer grievance relating to Public is its funds withdrawal course of. In order to withdraw your cash, Public asks for a checking account assertion to validate the account’s possession. This course of can take between 7 to 10 days. Some prospects declare having points validating their accounts even after offering all required documentation, leading to longer than anticipated wait instances.

Another widespread grievance amongst customers is that buyer assist is oftentimes unresponsive, taking up 24 hours to answer emails.

Third-party rankings

Public is accredited by the Better Business Bureau and holds an A score. As of the time of publication, it has 79 buyer opinions and a mean buyer score of three.01 out of 5. The BBB notes 56 complaints within the final three years, 47 of which have been resolved or closed.

Public FAQ

Public is registered with the SEC, FINRA and SIPC. In addition, Public has an A score from the Better Business Bureau. This score represents BBB’s opinion on the corporate primarily based on its interplay with prospects, grievance historical past, amongst different components. Although BBB rankings do not guarantee an organization’s reliability, they could allow you to kind an concept of its status. They will also be a superb place to begin on your personal analysis, which we suggest you do earlier than selecting the very best funding app on your monetary targets.

Is Public obtainable outdoors of the USA?

No, like most buying and selling apps, Public is not obtainable outdoors of the United States. It’s solely obtainable for U.S. residents in all 50 states, Puerto Rico and Virgin Islands.

Public makes use of bank-grade safety with AES 128-bit encryption and TLS 1.2, some of the safe encryption strategies to safe information. Public additionally gives two-factor authentication, together with biometric choices, to guard your account.

Aside from these security measures, Public is a member of the SIPC which ensures all customers’ securities and money as much as $500,000.

How does Public become profitable?

Public is likely one of the few buying and selling apps that does not earn income from fee for order circulation (PFOF), a extensively used apply within the brokerage business that has generated some criticism in recent times. Public would not become profitable by charging fee charges or buying and selling charges both. It does, nonetheless, become profitable in additional oblique methods.

For starters, Public fees a 1% to 2% markup on crypto transactions and may cost administration charges for some ETFs trades. It fees different charges for fast withdrawals, wire transfers and paper statements.

Public additionally makes cash from Premium membership subscriptions, any optionally available tipping you might give while you place a commerce, securities lending and curiosity on uninvested money balances.

No, non-deposit funding accounts just like the one most buying and selling apps provide aren’t insured by the Federal Deposit Insurance Corporation (FDIC). Instead, Public is insured by the Securities Investor Protection Corporation (SIPC), which protects your money and securities as much as $500,000. Do notice, nonetheless, that cryptocurrencies aren’t insured by both the FDIC or SIPC.

How we evaluated Public inventory buying and selling apps

We evaluated Public’s investments providing, account minimums, charges, buying and selling price and academic sources availability and in contrast them with different funding apps. We thought-about the app’s user-friendliness, together with how seamless it’s to configure, hyperlink financial institution accounts and add funds. We additionally made certain the corporate was registered with the suitable regulatory companies.

Summary of Money’s Public overview

Public affords commission-free inventory buying and selling and cryptocurrency buying and selling. It gives particular person brokerage accounts with no account minimums. The firm stands out for its social options which let customers join with different merchants and sustain with trending information and matters.

Check out our articles on the very best funding apps and on-line buying and selling platforms to study extra about different funding apps and their providing.


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