Navigating Your Trade: An Interactive Tour through Public.com and E*TRADE Platforms

Are you new to online trading and looking for the perfect platform to start your journey, or perhaps you’re considering a switch? It can certainly be intimidating due to the sheer number of options out there. Let’s try and simplify things a bit by comparing two excellent and user-friendly platforms: Public.com and E*TRADE.

Public.com is a modern mobile-focused trading platform. It is known for its appealing interface and simplicity. It offers trading in stocks, ETFs, and cryptocurrencies. The unique thing about Public.com is its social element. You can see what others are trading, discuss ideas, and maybe even pick up a few tips from more experienced users.

E*TRADE, on the other hand, is a more traditional broker. They offer a wide variety of investment products like mutual funds, bonds, options, and futures, alongside stocks and ETFs. They don’t offer crypto trading, but they make up for it with rich research tools and resources. These may seem a bit too much for new investors, but they’re indeed a treasure for the eager learner.

Public.com was born in 2018 (originally known as Matador) and turned heads because of its commission-free trading and an engaging community feature. It’s the ideal platform for novice and seasoned investors alike, owing to its simplicity and no minimum deposit requirement.

E*TRADE established itself as one of the first online brokers in the U.S and made quite a name by offering commission-free trading on ETFs, stocks, and options since 2019. It provides a suite of features like news feeds, research tools, and more, making investing a rather comfortable experience.

Public.com offers fractional shares, meaning you don’t have to buy the full share, which can be pricey. This platform also stands out due to its support for cryptocurrency trading with more than 25 types available.

E*TRADE gives you access to a range of assets from stocks, ETFs, mutual funds, to futures and bonds. Even though you can’t trade cryptocurrencies directly, there’s indirect exposure via futures and ETFs.

As for the costs, both platforms pride themselves on being commission-free for ETFs and stock trades. However, E*TRADE has some assorted fees to keep in mind, depending on your trading activities.

When it comes to user-friendliness, Public.com gets the crown for its straightforward interface and ease of navigation. While E*TRADE offers a ton of informational resources and tools, their focus is more on data, which can be a bit overwhelming for beginners.

In conclusion, both Public.com and E*TRADE are excellent options for online trading. Public.com is perfect for beginners and those who enjoy a little social interaction with their trading, while E*TRADE is more suited for more engaged investors who require rich data and research tools. You could even consider opening accounts in both to see which resonates with your investing style better!

P.S. Public.com is currently offering a bonus of free stock up to $300 bucks value if you make a deposit!