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Public App OTC Stocks (Penny Stocks) in 2022
Public penny stock fees: commission charged for buying pink sheets/OTCBB bulletin board/gray market/stocks priced under $1. Rules and policy.
Can I buy OTC stocks on Public app?
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Can I Buy Penny Stocks on Public App?
Public app does not offer investing in penny stocks, pink sheets, and OTC BB stocks. As an alternative, you
can use Firstrade
that provides access to OTC stocks with $0 commission (learn more).
Open Firstrade Account
Get 2 FREE stocks and $0 commission in ALL trades!
Open Firstrade Account
Open Public Account
Get a FREE stock and $0 commission stocks/ETFs/partial shares.
Open Public Account
What Brokerage Services Does Public.com Offer?
Public brokerage app offers trading in the following investment vehicles:
- Stocks
- ETFs
- Closed-end funds
- Cryptocurrencies
The following assets are not yet available:
- Options
- Futures
- Mutual funds
- Forex
- Bonds
- OTC equities
- Penny stocks
The not-available list is obviously much longer than the available list. We are sure that Public.com
grows in the future.
To trade the small selection of investments that are available, Public.com clients can open individual taxable accounts. The following accounts are not available at Public.com:
- Joint accounts
- Retirement accounts
- Business accounts
- Education accounts
- Custodial accounts
- Margin accounts
Unfortunately, Public.com does not offer any investment advice, robo-investing, or other features many investors will want to use.
How Much Does it Cost?
This is where Public.com really shines. Trades are free, and there are no account minimums. The broker-dealer charges nothing to open or close an account. Obviously, this is a great place for small investors.
There are a few miscellaneous fees for uncommon services. For example, an outgoing ACAT transfer is $75, and broker-assisted trades are $30 each.
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How Good Is the Software?
Public.com doesn’t have a desktop program, browser platform, or even a website login. The only trading system is the broker’s mobile app, which works on Apple and Android tablets and phones. The broker’s website is used to advertise its services.
There isn’t much trading per se on Public.com’s app. The order form is very simple. If you’re trading fractional shares, the order ticket defaults to a market order. If you buy whole shares, you can choose from among limit, market, and stop orders.
Charting on the app is basically horrendous. There is only a small graph in line format. It cannot be rotated horizontally, and there are no charting tools of any kind.
But a security’s profile does have some decent information below the chart. Helpful data points include:
- News reports
- Consensus analyst ratings
- Company events, including upcoming events
- Brief earnings history
- Trade stats like volume and market cap
To actually find stocks and funds, the Public app offers themes. These include things like ‘Stay at Home’ and ‘Meatless Revolution.’ Tapping on a tile generates a list of stocks and ETFs that fit the bill. Under the category ‘Self-Driving Cars,’ we found the following stocks:
- General Motors
- Google
- Nvidia
- IBM
- Uber
One noteworthy highlight on the Public app is the community aspect. Trades can be posted to the community forum, and other users can comment and like a trade. Posts can also be exported. This social-networking feature provides a way to discuss the strengths and weaknesses of trades.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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