At Public, we don’t charge commisions on stock trades.

The financial services industry is not famous for its transparency, and we think it’s time for that to change.

Public is committed to aligning our financial success with the best interests of our community of investors. So, we will never charge non-transparent fees or accept Payment for Order Flow (PFOF).

We want to make sure our customers fully understand what services Public offers — and what they cost! So here’s the breakdown:

Public does not charge fees for securities (i.e., stocks/ETFs).
Commissions or Execution Fees $0
Transaction Fees from Public $0

Just so you know, there are a few trading fees that our regulators charge:

SEC Regulatory Fee
Regulatory fees are mandated fees passed onto the investor. These occur when users sell a stock or ETF, and often cost only a few pennies.
$5.10 per $1,000,000 of principal (sells only), rounded up to the nearest penny
Trading Activity Fee (TAF) $0.000119 per share (equity sells), this fee is rounded up to the nearest penny and no greater than $5.95

Public continues to be PFOF-free.
Payment for Order Flow (PFOF) or Rebates $0

No commision charge for crypto transactions (offered in partnership with Apex Crypto).
Commissions $0

However, there is a 1-2% markup applied to the transaction. You can learn more here here.

We also do not charge for the following transfers and services:
Automated bank transfers (ACH) of money to or from your Public account $0
Wire transfer of funds into your account (though your transferring firm might charge a fee) $0
ACAT transfers from other investment firms into your account $0
Electronic delivery of account statements, prospectuses, and tax forms $0
Electronic confirmations of every trade you submit, so you’re always on top of your investments $0

We know some investors may require additional services from time to time. That’s why we offer the following transfers & services for a fee:

Domestic Wire Transfer out of Public (ACH withdrawls are free) $25
Outgoing ACAT
(if you’re thinking about an ACAT transfer out, please leave us a note. We’d love to hear what we can do better.)
Domestic Overnight Check Delivery $35
Returned Check, ACH, WIre & Recall/Stop Payments $30
Instant WIthdrawls Up to 2% of the amount withdrawn, subject to a minimum of 50 cents and a cap of $50.
Outgoing CAT
(E-delivery is free! if you see a fee, and you haven’t opted into paper delivery, it’s likely that e-delivery failed. Update your email address here.)
Paper Trade Confirmations $2
Paper Check Request $5
Return Mail $2
ACH Notice of Change/Correction $5
Domestic Overnight Mail $50
International Overnight Mail $100

Restricted accounts $15
Worthless securities processing $30
Tender offer / Reorg processing (Domestic) $50

As always, our investors are our top priority. If you have any questions or concerns, let’s talk!

Open to the Public Investing, Inc and its affiliates may waive all, or part of any of these fees, permanently or for a period of time, at its sole discretion for any reason. Fees are subject to change at any time. This is not an offer, or solicitation of any offer to buy or sell any security, investment or other product. Processing and service fees assessed by third parties may be passed through to the customer’s account. Some products and services offered by Open to the Public Investing, Inc may require additional fees or transaction minimums for certain products or services not specifically listed here. As of 10/7/2021