A Modern Broker with AI-Powered Tools
Public offers a wide range of assets, including stocks, bonds, options, cryptocurrencies and more, making it a versatile choice for investors. Regulated under major authorities like FINRA and SIPC, Public stands out with AI-powered insights, fractional bond investing, and industry-leading yields on cash accounts.
Expert Reviewer Verdict
Public is an excellent choice for investors seeking a multi-asset portfolio with stocks, bonds, options, cryptocurrencies and more in one place. Its AI-powered data insights, educational resources, and options trading rebates make it particularly appealing to both beginners and experienced traders.
Additionally, Public’s high-yield cash account offers an industry-leading 5.1% APY with no fees or minimums, which stands out compared to other brokers. With fractional bond investing starting as low as $100, Public offers accessibility that traditional platforms may lack. However, the absence of retirement accounts may be a drawback for long-term retirement planning. Overall, Public suits those looking for innovative features, flexibility, and strong customer support in an intuitive, user-friendly platform.
Pros and Cons
Pros
- Multi-Asset Trading: Stocks, Bonds, & More
- High-Yield Cash Account with 5.1% APY
- Rebate On Every Options Trade
- AI-Powered Data Insights and Analysis
- No Account Minimums Required
Cons
- No Retirement Account Options
- Limited to US Traders Only
- No Telephone Support Available
Trust and Safety
Robust Security and Regulation
Public ensures a high level of trust and security for its users through rigorous regulation and advanced fraud prevention measures. It operates as a registered broker-dealer and member of FINRA and SIPC, providing users with the reassurance of strong regulatory oversight. Public also carries additional insurance beyond the SIPC limits, safeguarding client assets. To prevent fraud, Public employs identity verification programs, cross-referencing national and state databases, while advanced machine learning models detect suspicious activity. When it comes to fund security, Public mandates that withdrawals return to established funding sources, adding an extra layer of protection.
Furthermore, Public enforces mandatory 2FA for customer accounts and uses industry-best encryption methods to secure sensitive data, ensuring both trust and safety for its users.
|
Regulatory Body |
Status |
|
ASIC |
Yes |
|
CySEC |
Yes |
|
DFSA |
Yes |
|
EFSA |
Yes |
|
FCA |
Yes |
|
FMA |
Yes |
|
FSA (SC) |
Yes |
|
FSCA |
Yes |
|
FSC |
Yes |
|
JFSA |
Yes |
|
MAS |
Yes |
|
MiFID |
Yes |
Tradable Instruments
Wide Range of Tradable Assets
Public provides a diverse selection of tradable instruments, catering to a variety of investor needs. Users can trade stocks, bonds, options, cryptocurrencies, and ETFs, offering a well-rounded portfolio to suit different risk levels and investment strategies. Public also stands out by offering fractional bond investing, allowing users to invest in corporate and Treasury bonds with as little as $100. This makes bond trading accessible to those who might otherwise be limited by the high minimum investments required by other brokers.
All-in-one investing platform Public recently launched its new Bond Account, offering a simpler way to invest in corporate bonds and take advantage of some of the highest bond yields in years. When you invest your cash in a Bond Account, you can lock in a 6%+* yield with a diversified portfolio of investment-grade and high-yield bonds that generate 20 interest payments annually.
*Note that the yield does change daily.
Additionally, Public offers music royalties as an alternative asset, adding further diversification to its offerings. Whether you’re interested in traditional stock investments or more niche products like crypto and fractional bonds, Public’s platform ensures a broad and flexible trading experience.
|
Trading Instrument |
Available |
|
COMMODITIES |
No |
|
CURRENCIES |
No |
|
CRYPTOCURRENCIES |
Yes |
|
ETF |
Yes |
|
FUTURES |
No |
|
INDICES |
No |
|
STOCKS |
Yes |
|
BONDS |
Yes |
|
OPTIONS |
Yes |
Account Types
Flexible Account Options
Public offers a range of account types designed to suit the diverse needs of traders. For traditional brokerage activities, users can choose between cash or margin accounts, both of which allow trading in stocks, bonds, ETFs, and options.
Additionally, Public provides a High-Yield Cash Account, offering an attractive 5.1% APY with no fees, making it ideal for those looking to grow their cash. Investors interested in government securities can also opt for a Treasury Account, enabling them to invest directly in U.S. Treasuries.
For those venturing into the world of cryptocurrencies, Public offers a separate crypto account powered by Bakkt Crypto Solutions, LLC. With no account minimums and an accessible $20 first-time deposit, Public’s account options cater to both beginners and experienced investors.
|
Account Type |
Available |
|
DEMO ACCOUNT |
No |
|
ISLAMIC ACCOUNT |
No |
|
SEGREGATED ACCOUNT |
No |
|
MANAGED ACCOUNT |
No |
|
SUITABLE FOR BEGINNERS |
Yes |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
US TRADER |
Yes |
Commission and Fees
Transparent Fee Structure
Public offers a straightforward fee structure, focusing on accessibility for both beginners and experienced traders. There are no hidden fees for maintaining accounts or inactivity, making it a cost-effective option for various trading needs. Below is a detailed breakdown of the fees associated with Public’s services.
Account Minimum
Public requires a $20 minimum first-time deposit. Afterward, there is no minimum deposit required.
Trading Fees
Public does not charge commissions on trades. For more details, traders can refer to the fee schedule available on their website.
CFD Fees
CFD trading is not available, so no fees apply.
Forex Fees
Public does not offer forex trading, so no fees apply.
Futures Fees
Public does not provide futures trading, so no fees apply.
Account Fee
Public does not charge account maintenance fees.
Inactivity Fee
Public does not charge inactivity fees, making it appealing for casual traders.
Deposit Fee
Public does not charge any deposit fees.
Withdrawal Fee
Public does not charge withdrawal fees, although certain processes, like micro-deposits, may take time.
Overnight Funding Fee
Public does not charge overnight funding fees.
Currency Conversion Fee
Public does not charge currency conversion fees.
Guaranteed Stop Order Fee
Guaranteed stop orders are not available, so no fees apply.
Trading Platforms
Accessible and Intuitive Platforms
Public offers a seamless trading experience across its proprietary platforms, catering to both mobile and web users. The platforms are designed for ease of use, allowing traders to manage their portfolios and access research with just a few taps or clicks.
Mobile Trading Apps
Public provides mobile trading apps for both iOS and Android. These apps allow users to trade stocks, bonds, options, and cryptocurrencies on the go. The app also integrates AI-powered insights for a smart trading experience.
Web Trading Apps
Public’s web platform is available for desktop use, giving traders access to the same range of assets as the mobile app. The intuitive interface allows users to manage their investments with ease, making it suitable for both beginners and experienced investors.
Desktop Trading Apps
Public does not offer a dedicated desktop trading application, but the web platform serves as a comprehensive solution for desktop users.
|
Trading Platform |
Available |
|
MT4 |
No |
|
MT5 |
No |
|
CTRADER |
No |
|
PROPRIETARY |
Yes |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
No |
|
DESKTOP MAC |
No |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
Unique Features
Cutting-Edge Features for Investors
Public offers several standout features that set it apart in the brokerage industry. The platform provides a rebate on every option contract traded, a rare benefit among brokers, along with no commission fees or per-contract fees. Public also introduces Alpha, an AI-powered assistant that delivers real-time insights into stock performance and market trends, making it easier for users to make informed decisions.
Additionally, Public leads in innovation by offering fractional bond investing, allowing members to invest in bonds with as little as $100. Another valuable feature is the high-yield cash account, offering an industry-leading 5.1% APY with no fees, minimums, or maximums, making it an attractive choice for those looking to grow their cash effortlessly. These unique features make Public a forward-thinking and accessible platform for investors of all levels.
Research and Education
Empowering Investors with Knowledge
Public offers a robust range of research and educational resources to help investors make informed decisions. Every member has access to extensive data, reports, and research throughout the app, allowing them to analyze earnings, financials, and outlooks. The platform also features Alpha, an AI-powered assistant that provides instant insights and answers to investment-related questions.
For options traders, Public offers an “education mode” with both video and written guides on various trading strategies, helping beginners and experienced traders alike. Additionally, educational articles are available across topics like options and bonds, ensuring investors have the knowledge they need to succeed. Public also fosters a community within the app where users can share insights and learn from one another, making the platform an engaging learning environment for investors at all levels.
Customer Support
Reliable Support for All Users
Public provides reliable customer support through email and live chat, ensuring that users have access to assistance whenever they need it. For premium members, faster response times are offered, making it easier to resolve issues quickly. The support team operates from 8 AM to 5 PM ET, providing timely help during standard business hours. While there is no telephone support, the availability of live chat and email ensures that users can communicate directly with the support team.
Public’s award-winning customer service is designed to assist traders of all levels, offering personalized help and ensuring a smooth user experience on the platform. For more complex issues, Public’s support can be easily reached through the app or website, giving users confidence in the assistance available to them.
Account Opening
Simple and Quick Setup
Public offers a straightforward account opening process that allows users to start investing quickly.
Registration: To open an account, visit Public’s website or download the app from the iOS or Android store. Create a username and password, then follow the prompts to set up your brokerage account.
Verification: After registering, users answer a few questions to verify their identity, ensuring compliance with regulatory requirements.
Document Upload: Once verification is complete, users can link their bank account to fund their Public account. Document upload may be necessary for verification purposes, particularly for withdrawals.
The entire process is user-friendly, designed to get new investors up and running without hassle.
Deposit and Withdrawals
Easy and Flexible Funding
Public makes depositing and withdrawing funds simple and secure for its users.
Deposits: Public allows deposits through several methods, including Plaid, Micro Deposits, Debit Card Funding, and check or wire transfers. Plaid provides instant bank connection, while Micro Deposits take 5-7 business days for verification. Debit card funding allows up to $2,500 in deposits.
Withdrawals: Withdrawals are processed through the same methods as deposits. Users withdrawing via Micro Deposits must verify their bank account through a bank statement for added security. Withdrawals can take a few days to process, especially for micro deposits and check or wire transfers.
With flexible options for funding and security measures in place, Public ensures a smooth and reliable transaction process for users.
Final Thoughts
Public offers a well-rounded platform that caters to both novice and experienced investors. With access to a wide range of assets, including stocks, bonds, options, and cryptocurrencies, Public provides flexibility for diverse portfolios. Its standout features, such as AI-powered insights, fractional bond investing, and an industry-leading high-yield cash account, make it a competitive choice in the market.
While it lacks retirement accounts and telephone support, the platform’s focus on innovation, transparency, and customer support through live chat and email adds value for traders. Public is particularly suited for U.S.-based investors looking for an accessible and tech-forward brokerage with minimal fees and a strong emphasis on education and security.
Contact Info
228 Park Ave Suite 97716, New York, NY 10013
FAQs
-
Question: What types of accounts does Public offer?
Answer: Public offers cash and margin brokerage accounts, as well as high-yield cash and Treasury accounts. Users can also open a crypto account through Bakkt Crypto Solutions, LLC. -
Question: Does Public charge any trading fees?
Answer: Public does not charge trading fees, commissions, or inactivity fees. For a detailed breakdown, you can view their fee schedule on their website. -
Question: What is the minimum deposit required to start investing?
Answer: Public requires a $20 first-time deposit. After that, there is no minimum deposit. -
Question: How can I fund my Public account?
Answer: You can fund your Public account via Plaid, Micro Deposits, Debit Card Funding, check, or wire transfer.
App Store
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