Unveiling the Showdown: A Close-Up Look at Public and Robinhood’s Investment Platforms

Deciding between the popular investing apps Robinhood and Public.com? Here’s some info to help you choose the one that best suits your needs.

These two platforms have made investment more accessible for everyone by offering commission-free trades. Try both out and see which one you prefer! Just to sweeten the deal, each offers a signup bonus – claim a free stock worth $2.50 – $225 with Robinhood or up to $300 worth of a stock slice with Public.com.

How do they differ? Public uses a more social approach, allowing traders to connect and learn from one another. It’s also notable for its transparency and offers alternative investment options such as fine art, collectibles, and NFTs. Robinhood, on the other hand, lets users trade stock options, which Public doesn’t currently support.

These two platforms offer different premium upgrades, adding several features that existing investors may appreciate. Robinhood Gold costs $5 per month, and Public Premium goes for $8. Of course, there are occasional minor fees for certain services like paper statements and wire transfers, but generally, these won’t significantly impact your decision.

Getting started is pretty straightforward with both apps. Just fill out your details, and you’re good to go! You can start investing even if you only have a small amount. They offer fractional shares, meaning you can buy part of companies like Amazon or Apple, even if you can’t afford a whole share.

As for investment options, both apps let users trade individual stocks, ETFs, and cryptocurrencies. They also offer automatic reinvestment of dividends. Where the two differ is in alternative investments, where Public.com stands out with its varied offerings.

When it comes to account types, Robinhood gets an edge by allowing users to open traditional IRAs and Roth IRAs. Unfortunately, probably due to their emphasis on simplicity, neither app offers joint or custodial accounts.

With regards to transparency, Public comes out on top. It’s made strides to distance itself from controversial practices and align itself more with user needs. They’ve created an amicable investing platform that many users find easy to trust.

Public’s standout feature is its integration of social aspects, allowing users to connect with other traders, see their trades, and join discussions on various investment topics.

In terms of ease of use, both apps are designed with simplicity in mind, but Public’s user-friendly design takes the cake.

For beginner investors or those looking to connect with a community, Public’s social features and transparency give it the upper hand. But if you’re interested in trading options, Robinhood’s your best bet. Just remember, options trading is risky and best left to experienced traders. Whatever you choose, happy investing!