Public Trading App Review
Public is offering $10 worth of stocks when you sign up for a new account. This is a free trading platform better suited for beginners. But it also offers 2.5% APY interest on uninvested cash. So let’s get into this Public trading app review.
Public is a free stock-trading app for beginners that has been available to the general public since March 2019. With Public you can invest in fractional shares of stocks, or what they call “slices.” You and sell in real-time, using dollar amounts, not number of shares. When buying full shares you you have access to more advanced options, such as market orders, limit orders, and stop orders.
It was formerly called Matador but was re-branded and relaunched in September. Public is similar to other free-trading apps, but it comes with a twist, social interactivity. Users can see what their friends and other popular users are buying and selling, to get an idea of which stocks are popular. Doing research or consulting a financial adviser is probably a better idea though.
One thing where Public does better than other trading app, is the interest you can earn. The money that sits in your account earns 2.5% interest (up to $10,000). That’s one of the best rates out there, even for banking accounts. Public is SIPC insured against brokerage failure. Securities in member’s accounts are protected up to $500,000, including up to $250,000 in cash.
$10 Signup Bonus
You can get $10 worth of stock when you sign up for Public. You do not need to fund the account, just create it.
You can also get a free stock slice worth $10 for every person that you refer to join Public.
More Free Stocks
There’s many similar apps and websites for free stock and options trading. And many of them have similar or better offers. Here’s a few that I have covered here on the site.
- SoFi Invest ($100 in Stocks)
- Moomoo (2 Free stocks)
- Nvstr (Free Stock + $15+)
- WeBull (2 Free stocks)
- Robinhood (Free stock)
- Firstrade (Free stock)
There’s plenty of these apps and websites out there. If you’re just signing up for the free stocks, make sure to keep track of all the accounts that you have, so you don’t forget about them. Personally I have been using TradeStation and Robinhood for more active trading, but I do have accounts for all the companies that I write about here.
Let me know what app or website you use.