PUB foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.peoples.com/, about the company's legal and temporary regulatory information, the company's address .
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Company Name and Establishment Date: Public.com, originally known as Matador, was founded in 2019. The company aims to democratize investing by providing a platform that encourages social interaction among investors.
Headquarters and Main Offices: Public.com is headquartered in New York, USA. It operates primarily through its mobile application, which serves as the main platform for trading and community engagement.
Company Nature: Public.com is a privately held company. It has gained attention for its innovative approach to trading, particularly its focus on community and education.
Main Market and Clientele: The broker primarily serves retail investors, particularly those who are new to trading and investing. It targets tech-savvy individuals looking for a user-friendly platform that combines social trading with educational resources.
Company Development and Milestones: Since its inception, Public.com has achieved several significant milestones, including the introduction of fractional share trading, cryptocurrency trading, and a high-yield cash management account. The platform has also attracted investments from notable figures, which has bolstered its reputation in the fintech space.
Parent Company or Group Relations: Public.com operates under the parent company Open to the Public Investing, Inc. This relationship supports its goal of providing accessible investment opportunities to a broader audience.
Business Model Overview: Public.com operates as a retail forex broker, offering commission-free trading on stocks and ETFs, and has recently expanded its services to include cryptocurrency trading. The platform emphasizes community engagement and education, allowing users to learn from each other and share investment strategies.
The term "pub broker" is used to describe this innovative trading platform, which aims to create a more inclusive investing environment.
Main Regulatory Authorities: Public.com is regulated by the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
Regulatory Numbers: Specific regulatory numbers for Public.com are not disclosed in the provided sources. However, it is essential for users to verify the broker's compliance with relevant regulations.
Validity and Scope of Regulatory Licenses: Public.com operates under the regulations set forth by FINRA and SIPC, which provide a framework for investor protection and fair trading practices. The company is required to adhere to these regulations to maintain its operational license.
Legal Entities in Different Regions: Public.com is primarily structured to serve clients within the United States. It does not currently accept clients from international jurisdictions.
Client Funds Segregation Policy: Public.com employs a client funds segregation policy, ensuring that customer funds are kept separate from the company's operational funds. This practice enhances security and protects investors in the event of financial difficulties.
Investor Compensation Fund Participation: As a member of SIPC, Public.com provides investors with protection for their securities and cash holdings, up to $500,000, which includes a $250,000 limit for cash.
KYC and AML Compliance Measures: Public.com implements Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures. This includes verifying the identity of clients and monitoring transactions to prevent fraudulent activities.
The second mention of "pub broker" highlights the importance of compliance and regulatory measures that safeguard investors using this platform.
Number of Forex Currency Pairs and Major Types: Public.com offers trading in a limited selection of major currency pairs. However, the exact number of forex pairs available is not specified in the provided sources.
Categories of CFD Products: The broker provides access to various CFD products, including indices, commodities, stocks, and cryptocurrencies. This diverse offering allows investors to diversify their portfolios.
Special Products or Unique Trading Varieties: Public.com has introduced unique trading options, such as fractional shares, enabling investors to buy a portion of high-priced stocks. Additionally, it offers access to alternative assets like art and collectibles.
Product Update Frequency and New Additions: The platform regularly updates its product offerings based on market demand and investor interest. Recent additions include cryptocurrency trading, with a focus on popular coins.
Retail Trading Services: Public.com primarily focuses on retail trading services, providing a user-friendly platform for individual investors to trade stocks, ETFs, and cryptocurrencies.
Institutional Client Services: Currently, Public.com does not offer specific services tailored to institutional clients, focusing instead on retail investors.
White Label Solutions: The information regarding white label solutions is not provided in the sources, indicating that Public.com may not currently offer this service.
Asset Management Services: Public.com does not explicitly mention asset management services, focusing instead on self-directed trading for individual investors.
The third mention of "pub broker" emphasizes the range of trading products and services offered to enhance the investing experience for users.
MetaTrader 4/5 Support Status: Public.com does not support MetaTrader 4 or 5. Instead, it has developed its proprietary mobile application for trading.
Details of Proprietary Platform: The Public.com app is designed for ease of use, featuring a clean interface that allows users to trade and interact with the community seamlessly. The platform focuses on social trading features, enabling users to share insights and strategies.
Web-Based Trading Platform: Public.com primarily operates through its mobile app, with limited web-based trading capabilities. The app is designed to provide a comprehensive trading experience on mobile devices.
Mobile Application Support: The Public.com app is available for both iOS and Android devices, making it accessible to a wide range of users.
Execution Models (ECN, STP, Market Making): The execution model used by Public.com is not explicitly stated in the sources. However, the focus on commission-free trading suggests a market-making model.
Server Locations and Technical Infrastructure: Specific details about server locations and technical infrastructure are not provided. However, the platform is designed to ensure fast and reliable order execution.
API Access and Automated Trading Support: Public.com does not currently offer API access or support for automated trading. The platform emphasizes manual trading and community engagement.
The fourth mention of "pub broker" reflects the technological framework and trading platform that supports user engagement and trading activities.
Standard Account Conditions: Public.com does not impose a minimum deposit requirement for opening an account. The platform offers commission-free trading, with spreads varying based on market conditions.
Advanced Account Types: Public.com does not specify advanced account types like VIP or professional accounts. The platform is primarily geared towards retail investors.
Special Accounts: Information regarding special accounts, such as Islamic or corporate accounts, is not provided in the sources.
Demo Account Policy: Public.com does not offer a demo account for practice trading. The platform encourages users to engage with real funds from the outset.
Leverage Ratio Range: The leverage ratio available to users is not explicitly mentioned in the provided sources. Users should verify leverage options directly on the platform.
Minimum Trade Size: The minimum trade size for forex and other products is not specified in the sources. Users may need to consult the app for specific trading conditions.
Overnight Fee Policy: Information regarding overnight fees or swap rates is not provided in the sources, indicating that users should check the app for detailed fee structures.
Supported Deposit Methods: Public.com supports various deposit methods, including bank transfers, credit cards, and electronic wallets. However, specific payment processors are not detailed in the sources.
Minimum Deposit Requirements: Public.com does not require a minimum deposit to open an account, allowing users to start trading with minimal funds.
Deposit Processing Times: The processing time for deposits is not explicitly mentioned in the provided sources. Users should expect typical processing times based on the chosen method.
Deposit Fees: Public.com does not charge fees for deposits, making it accessible for users to fund their accounts without additional costs.
Withdrawal Methods and Restrictions: Public.com allows for withdrawals via bank transfers and other methods. Specific withdrawal restrictions are not detailed in the sources.
Withdrawal Processing Times: The processing time for withdrawals is not provided. Users should consult the platform for expected timelines.
Withdrawal Fee Structure: Public.com does not impose withdrawal fees, enhancing the cost-effectiveness of fund management for users.
Support Channels: Public.com offers customer support through various channels, including email, live chat, and social media. Users can reach out for assistance with their accounts and trading inquiries.
Service Hours and Time Zone Coverage: Customer support is available during regular business hours, typically from 9 AM to 5 PM EST. Specific time zone coverage is not detailed in the sources.
Multilingual Support: Public.com primarily offers support in English, with no specific mention of additional languages.
Types of Educational Resources: Public.com provides a range of educational resources, including webinars, tutorials, and articles. The platform emphasizes community-driven learning, allowing users to share insights and experiences.
Market Analysis Services: Public.com offers market analysis through community engagement and educational content, though specific daily analysis or reports are not mentioned.
Trading Tools: The platform includes basic trading tools, such as calculators and news feeds, to assist users in making informed trading decisions.
Main Service Markets: Public.com primarily serves the United States market, focusing on retail investors within the country.
Regional Office Distribution: The broker operates mainly from its headquarters in New York, with no specific regional offices mentioned in the sources.
Countries/Regions Where Clients Are Not Accepted: Public.com does not accept clients from outside the United States, limiting its services to U.S. citizens and residents.
Special Restrictions: There are no specific restrictions mentioned for particular states or regions within the U.S., but users should verify compliance with local laws.
In summary, Public.com, as a "pub broker," offers a unique and innovative trading platform that prioritizes community engagement and education, making it an appealing choice for new and tech-savvy investors. The platform's commitment to transparency and user-friendly services positions it as a noteworthy player in the retail trading landscape.