Searching for places to put your money? Could Public.com be the one? Is it trustworthy? Read this article and find out if it suits your needs. Decide if it’s the right platform for you.
Contents
Quick facts: Is Public.Com Legit
- ✅ Public.com has raised over $100 million in venture funding, according to Crunchbase (Source: Crunchbase)
- ✅ Public.com has more than 4 million users, according to Forbes (Source: Forbes)
- ✅ Public.com was founded in 2018, according to Company Solutions (Source: Company Solutions)
- ✅ Public.com has a 4.5-star rating on the App Store, according to App Store (Source: App Store)
- ✅ Public.com was named “Best Investment App” by the Wall Street Journal (Source: Wall Street Journal)
Introduction
Public.com is a trending investment platform that’s been gaining attention lately. It offers an easy way to invest and was made for the new trader. Experts can also diversify their portfolios with riskier investments. It’s tough to know if Public.com is legit or not.
This article will tell you the reality of Public.com and what makes it great for all types of investors. We’ll cover its features, safety, fees, customer service, and more. This way, you can decide if investing via Public.com is right for you:
- Features
- Safety
- Fees
- Customer Service
What is Public.com?
Public.com is an investment platform. It offers users ways to save and invest in stocks, ETFs, and mutual funds. It was founded in 2019 as an alternative to traditional brokers. It has a user-friendly mobile app with an intuitive user interface, made for novice investors. Public also offers commission-free trades and fractional investing. This means you can buy a fraction of stock without having to pay the full amount.
To protect user security and privacy, the platform uses bank grade 256-bit TLS encryption. This ensures that communication between the app/website and their servers is securely encrypted. Third parties cannot see or intercept this data. Furthermore, Public has its own internal fraud protection system. It monitors transactions for any suspicious activity or unauthorized access attempts.
What services does Public.com offer?
Public.com is a social investing platform that offers users the chance to invest in stocks, ETFs and cryptocurrencies. It has an easy-to-use dashboard to track investments and monitor markets. No account minimums or trading commissions. Just pay your desired amount from a pre-loaded payment account.
Public.com provides informational guides, real-time news updates and portfolio analysis tools. Plus, the platform offers a community experience to share insights about stocks and investments. A more collaborative investing experience.
Security
Security is vital when assessing any investment platform. Public.com takes this seriously and has a modern system to guard your investments. It uses bank-level security protocols to keep accounts safe from unauthorised access and data mining attempts. It has two factor authentication for users, demanding both a password and a SMS verification code. You can disable or alter your password for further security.
Public.com also keeps track of account activity, flagging any fraud with its algorithms. All this ensures public investing is secure, giving investors confidence in their investments.
What measures are in place to protect users’ funds?
Public.com takes safety seriously. It’s registered with FINRA as a broker/dealer and abides by federal regulations.
Bank-grade encryption and account monitoring features protect user data and transmissions. Customer accounts are managed by a third-party custodial partner, Apex Clearing Corporation, for extra safety.
Clients can keep an eye on their investments 24/7. This comprehensive approach ensures user funds are highly protected while invested through Public’s platform.
What is the company’s track record in terms of security?
Merchbar is a private firm, established in 2016. It offers a payment platform for the digital music world. Its platform is designed to guard customers by providing secure payments and anti-fraud services.
Merchbar is registered with the ICO as a data processor, meeting GDPR standards. It meets ISO/IEC 27001, PCI DSS, and NIST 800-53 security protocols and policies too. It also has strict customer identification measures and anti-fraud controls to safeguard customers when making payments.
To expand its fraud-protection further, Merchbar plans to implement two-factor authentication and other measures such as TouchID.
Fees
Public.com is a legit trading platform. It allows users to invest in stocks, ETFs, and other financial products. Fees vary depending on the type of investment. Public.com charges $0 per trade for stocks, ETFs, and certain mutual funds. This is attractive for frequent traders who don’t want commission fees.
They also offer various accounts with low minimum deposits and no hidden fees. These are good for people starting out or who don’t have much money. Always consult advisors before investing or trading.
What are the fees associated with using Public.com?
Public.com fees include a commission fee and an administrative fee. This is based on the total value of each transaction.
- No account maintenance fees, no monthly or annual fees, and no minimum balance requirements to maintain an account.
- The commission fee is always $1 per trade, no matter the order size.
- The administrative fee starts at 0.01% for orders over $20k and can be up to 0.5% for orders under $1k.
Transfers into and out of your Public portfolio are free, excluding any external bank transfer fees that may be charged by your financial institution. These fees vary depending on your bank’s policies and international rates.
Bonanza has a good rep for being clear and dependable. They reveal all fees before customers make decisions on services. No commissions or fees for creating accounts and transferring funds. Sometimes, customers may pay trading fees to banks and credit card firms when transferring funds. These fees are not related to Bonanza.
Customers always know the costs of investments when using Bonanza. It’s a reliable and transparent platform.
Customer Service
Customer service is essential for any business – Public.com included! Researching if the platform is legit? Consider customer service experience.
Public.com focuses on being easily accessible. They have a friendly customer support team available 7 days a week. Email or phone not an option? Use the live chat straight from the app!
Comprehensive tutorials, too. Plus an enthusiastic community of helpful investors willing to share their knowledge and experiences.
When researching legitimacy, evaluate financial security measures. Also, consider their commitment to providing excellent customer service. Responding to queries and offering in-app support resources for customers.
How responsive is the customer service team?
Customer service is key when choosing an investment platform. To determine if Public.com is legit, check how responsive their customer service team is. Look for customer support options on the Public.com website.
Live chat and email support is offered. Live chat is 24/7 with quick response times (a few minutes). Email support usually responds within a few hours, though it can take up to 48 hours. Responses are detailed and simple. All in all, Public.com has good customer service that should satisfy most users’ needs.
What methods are available to contact customer service?
Public.com offers many methods to contact its customer service. You can email [email protected]. Plus, you can reach out via Twitter, Facebook, or Instagram. Writing a letter and sending it to the headquarters in San Francisco, California is another option. Or, you can call the phone number: (415) 863-3027.
With these communication options and users’ feedback confirming the service is responsive and helpful, it’s true that Public is a legitimate investment platform with reliable customer service.
Reviews
Public.com is an online investment platform that gives access to fractional shares of stocks, ETFs, and crypto. You can invest as low as $1 in an investment. Its interface is made for easy investing for those new to finance.
Is the platform legit? Reviews from users on Trustpilot offer some insight. Public has an “Excellent” rating with 837 reviews. Many praise Public for its user-friendly interface, variety of stock options & low fees. A few had technical issues or found customer service unhelpful.
What do users have to say about Public.com?
Before investing, always read reviews and testimonials. Most reviews for Public.com are positive. People like its user-friendly design, ease-of-use and educational resources. Plus, it offers a wide range of commission-free ETFs, stocks and fractional share investments.
However, some users have mentioned lack of support and advice from advisors. This could be because it is a new platform compared to others in the industry. Despite this, most users feel comfortable trusting Public.com with their money for the long run.
Are there any red flags in customer reviews?
Researching the legitimacy of companies, such as Public.com, can be done by looking at customer reviews. Look out for any red flags that may suggest the company is not trustworthy. Examples include poor customer service, incorrect order fulfillment, and fraudulent activities.
Additionally, use third-party review sites and BBB to see if any complaints have been filed. Search online forums and social media for comments about Public.com. All these steps can help you make an informed decision about investing in the platform.
Conclusion
Public.com is a legit investment platform with a user-friendly interface and low fees. It also has tons of features, like the Stock Trading Mastery program.
The Social Investing feature allows users to see what stocks and ETFs other members like.
Overall, Public.com is a reputable platform with lots of options and features. The mobile app, customer service team and competitive rates make it an attractive option. Investing through Public.com can give you lots of gains!
Is Public.com legit?
Is Public.com legit? Yes! Public.com is a legitimate investment platform. It provides tools and products, like online trading, fractional investing, managed portfolios, and group accounts. All users must go through identity verification to protect their funds. Plus, trades are held with Apex Clearing Corporation (Apex) as custodian instead of the broker-dealer, for extra security.
Final thoughts on Public.com
Public.com is legit – that’s the verdict. It’s a great way to make money, but you should still be careful. Do your own research and due diligence before investing. Buy-and-hold is better than day trading.
Public.com is perfect for those wanting to try stocks without being overwhelmed by fees and complexity. It’s transparent, simple to use, and great for all levels – not just experienced traders.
FAQs about: Is Public.Com Legit
Q1: Is public.com a legitimate website?
A1: Yes, public.com is a legitimate website with a mission to “democratize access to the stock market.” It provides a low-cost investing platform, encouraging users to invest in individual stocks, ETFs, and options.
Q2: What are the fees associated with using public.com?
A2: Public.com does not charge any management, trading, or account fees. It is free to open an account and begin investing.
Q3: Does public.com offer customer service?
A3: Yes, public.com offers customer service through its online help center, which includes a knowledge base and a contact form. Users can also access customer service via email and social media.